American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Jeju Air crash tragedy: South Korea investigates aviation safety after 179 fatalities

by admin December 30, 2024
December 30, 2024
Jeju Air crash tragedy: South Korea investigates aviation safety after 179 fatalities

In a devastating turn of events, a Jeju Air flight crashed at Muan International Airport on Sunday, claiming 179 lives and leaving only two survivors.

The tragedy, now the deadliest air accident in South Korea’s history, has spurred the government into action, with acting President Choi Sang-mok ordering an immediate safety inspection of the country’s airline operation systems.

The incident has not only cast a shadow over the nation but also raised urgent questions about aviation safety and accountability.

Addressing a disaster control meeting in Seoul on Monday, Choi expressed deep sorrow over the loss of lives and pledged comprehensive support for the bereaved families.

Declaring a seven-day national mourning period, he emphasized the need for stringent safety measures to prevent such catastrophes in the future.

“The government will spare no effort in supporting the victims and ensuring this tragedy is not repeated,” he said.

Jeju Air crash: what we know so far

The crash occurred shortly after the pilot reported a bird strike and issued a mayday alert.

Joo Jong-wan, the director of the aviation policy division at the Ministry of Land, Infrastructure, and Transport, confirmed the pilot’s distress call but noted that the exact cause of the crash remains under investigation.

At a press briefing on Sunday, Jeju Air’s head of the management support office, Song Kyung-hoon, assured that the airline would extend full support to the victims and their families.

Song revealed that the aircraft was covered by a $1 billion insurance policy.

However, when questioned about the bird strike as a possible cause, Jeju Air CEO Kim E-bae refrained from confirming or denying the reports, stating that the conclusion would depend on the official investigation.

“Currently, the exact cause of the accident has yet to be determined. We must wait for the findings from government agencies,” Kim said in a Sunday statement.

He also dismissed allegations of mechanical issues or lapses in safety protocols, asserting,

This crash is not related to maintenance. There can be absolutely no compromise when it comes to maintaining aircraft.

Meanwhile, concerns about Jeju Air’s operational safety escalated further when another flight reportedly returned to Gimpo International Airport on Monday due to issues with the landing gear.

These incidents have intensified scrutiny of South Korea’s aviation safety standards and highlighted the need for a comprehensive review.

The tragedy has also sent ripples through the financial markets.

Jeju Air stock down 8%

Shares of Jeju Air plunged to an all-time low on Monday, dropping 8.53% as investors reacted to the grim developments.

Stocks of other Korean airlines experienced significant volatility, reflecting widespread apprehension.

The crash comes at a politically sensitive time for South Korea.

Acting President Choi is the second individual to hold the position in less than a month, following the impeachment of his predecessor Han Duck-soon.

The political turmoil adds another layer of complexity to the nation’s response to the tragedy.

As the country mourns the victims, the focus now shifts to ensuring justice for the affected families and implementing robust safety measures to restore public confidence in South Korea’s aviation industry.

This incident serves as a somber reminder of the critical need for unwavering vigilance in airline operations.

The post Jeju Air crash tragedy: South Korea investigates aviation safety after 179 fatalities appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Asian stocks dip as US Treasury yields weigh on sentiment: Nikkei slips below 40,000
next post
India’s booming data center market: 5 top stocks set to benefit from the growth

Related Posts

European markets slip as central bank meetings dominate;...

December 17, 2024

XRP market swings: what analysts say about a...

March 11, 2025

FTSE 100 shares to watch: Aviva, National Grid,...

May 9, 2025

OpenAI expands to Europe with $2B Norway data...

July 31, 2025

Airbnb stock sits and waits for earnings: buy...

November 5, 2024

Why is the meme stock frenzy making a...

July 25, 2025

Trump win boosts Musk’s fortune by $70 billion...

November 12, 2024

PepeX presale raises $1 million as AI launchpad...

April 30, 2025

CELH stock price forms a bullish divergence: is...

January 23, 2025

Are foreign investors returning to Indian equities? Here’s...

March 25, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Bulgaria plans for continuous oil supply for Lukoil-owned refinery after US sanctions

      October 26, 2025
    • Apple Q4 earnings preview: here’s what to expect

      October 26, 2025
    • France’s offshore wind ambitions stalled by political turmoil

      October 26, 2025
    • Europe bulletin: Zelensky calls for more weapons, Russia warns against EU sanctions

      October 26, 2025
    • US digest: Jeffries endorses Mamdani, Ford’s stock surge, US sanctions Colombian president

      October 26, 2025

    Categories

    • Business (4,383)
    • Investing (3,014)
    • Latest News (2,103)
    • Politics (1,541)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved