South Korea's Jeju Airlines' stock price plunged sharply at the opening, falling nearly 16% at one point, reaching as low as 6,920 won. On December 30, the opening share price of South Korea’s Jeju Airlines plunged sharply, falling nearly 16% at one point, reaching a low of 6,920 won. As of press time, Jeju Air fell 8.40% to 7,520 won.
According to CCTV News, on December 29, local time, a South Korean Jeju Air passenger plane deviated from the runway and hit the airport wall when landing at Muan Airport in Jeollanam Province, South Korea. Except for 2 people who were rescued, all 179 people on board were killed. This was the most serious air crash in South Korea.
The passenger plane that caused the accident was Jeju Air flight 7C2216 departing from Bangkok, Thailand. It was confirmed that the model of the flight that caused the accident was a 737-800 of the American Boeing Company. It was manufactured in August 2009 and the aircraft was 15 years old.
South Korea's Jeju Air stated on the 29th that it would provide full support to the families of the victims of flight 7C2216. Song Kyung-hoon, director of the Jeju Airlines Operations Support Division, said at a press conference that day that the aviation insurance limit for the accident passenger plane reached US$1.037 billion, of which the superimposed insurance liability limit insured with the British AxaXL insurance company was approximately US$1 billion, and the aircraft body insurance compensation limit was US$36.51 million.
After a Boeing 737 of South Korea's Jeju Air deviated from the runway and exploded at Muan Airport on December 29, another Boeing 737 of South Korea's Jeju Air of the same model experienced an abnormality due to a landing gear failure on the morning of the 30th. It turned back shortly after takeoff and finally landed successfully.