Boeing shares were lower Monday after South Korea announced it is launching an investigation following the deadly Jeju Air crash over the weekend that involved a Boeing jet.

On Sunday morning, the commercial plane skidded off the runway, crashed into a wall and burst into flames while landing at Muan International Airport – killing all but two of its 181 passengers.

The cause of Sunday’s crash remains under investigation but aviation experts were quick to distinguish the incident from the company’s earlier safety problems.

U.S. investigators could be seen Tuesday moving around the crash site in South Korea following the deadly crash of a Jeju Air Boeing 737-800.

2024 was already a dispiriting year for Boeing, the American aviation giant. But when one of the company’s jets crash-landed in South Korea on Sunday, killing all but two of the 181 people on board, it brought to a close an especially unfortunate year for Boeing.

Shares of Boeing fell in early trading on Monday, one day after a Boeing model 737-800 was involved in the Jeju Air plane crash in South Korea that killed scores of passengers. The slide came hours after South Korea's transportation ministry announced it would investigate the crash and conduct a full inspection of all Boeing 737-800 aircraft in use in South Korea.

PT on January 5, 2024, things seemed like they were on the verge of getting better for Boeing. Minutes later, a full year’s worth of problems started with a near tragedy.

Investigators plan to examine the tail and landing gear of the aircraft at the crash site of the passenger jet in Muan, Republic of Korea. They will also retrieve and analyze the flight data recorder of the plane,

It might take Boeing a long time to claw back its reputation, public trust and regulatory standing, experts say.

South Korean investigators said Saturday they were close to finalising the transcript of the cockpit voice recorder from a fatal plane crash that left 179 people dead last week."The transcript of the cockpit voice recorder (CVR) is expected to be completed today,

Power cuts will continue on Saturday in the breakaway Moldovan region of Transdniestria, which has been left without Russian gas supplies following Ukraine's decision not to extend a contract for Russian gas transit, local authorities said.