BUZZ-Boeing shares fall; South Korea orders probe after plane crash

Updates

Shares of planemaker Boeing BA.N pare some premarket losses to trade down ~2% to $177.29

A Boeing 737-800 jet operated by South Korea's JejuAir 089590.KS crashed on landing at Muan International Airport on Sunday, killing 179 people.

Investigators are examining bird strikes, whether any of the aircraft's control systems were disabled, and the apparent rush by the pilots to attempt a landing soon after declaring an emergency as possible factors in the crash, officials have said.

"While the cause of the crash remains under investigation, it brings more reputational damage in what has been a dismal year for the group", says Aarin Chiekrie, equity analyst, Hargreaves Lansdown.

*"Aside from the obvious name association of being a Boeing 737 (more specifically a 15-yr old 737-800), the tragic crash of Jeju Air flight 2216, should have no read-through to Boeing’s stock and the plane maker’s current struggles to ramp up its production of the 737MAX." - Wolfe Research analyst, Myles Walton

South Korea's acting President Choi Sang-mok on Monday ordered airline safety probe after worst domestic crash

As of last close, shares down 32% YTD

(Reporting by Sanchayaita Roy and Aatreyee Dasgupta in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))