Boeing Shares Decline Following South Korea’s B737-800 Inspection Order

Boeing shares dropped over 2% following the deadly crash of Jeju Air Flight 2216, which killed 179 of 181 onboard when it skidded off the runway at Muan International Airport in South Korea. An emergency safety inspection of all 737-800 planes, involved in the incident, was ordered by South Korea’s Transport Ministry. The accident may be linked to a reported “bird strike,” as mentioned by the pilot. The U.S. National Transportation Safety Board is assisting with the investigation, while Jeju Air denies mechanical faults contributed to the crash. The airline’s shares plummeted 8.65% after the incident.