Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Boeing Cargo Plane's Daring Gearless Landing In Istanbul, Investigation Underway

Published 08/05/2024, 16:41
Updated 08/05/2024, 18:10
© Reuters.  Boeing Cargo Plane's Daring Gearless Landing In Istanbul, Investigation Underway
BA
-
FDX
-

Benzinga - by Vandana Singh, Benzinga Editor.

A Boeing Co (NYSE:BA) cargo plane, operated by FedEx Corporation (NYSE:FDX), made an emergency landing at Istanbul airport without its front landing gear, marking the latest setback for the embattled planemaker.

Turkish Transport Ministry official said there were no casualties and authorities had launched an investigation.

Flying from Paris Charles de Gaulle Airport, the Boeing 767 alerted the control tower in Istanbul about the landing gear issue.

The video captures the moment when the plane’s rear wheels make contact with the runway, followed by the fuselage, emitting sparks and smoke. The aircraft eventually comes to a stop after skidding along the runway. No fire appeared to have broken out.

The nearly decade-old Boeing 767 freighter involved in the incident is a commonly used cargo aircraft based on the 767 passenger model from the 1980s.

Turkish transport ministry officials leading the investigation conducted on-site examinations for further insights into the malfunction, Reuters noted. However, specific details regarding the cause were not immediately disclosed.

FedEx, the shipping company, assured its cooperation with investigative authorities. FedEx is committed to sharing additional information as it becomes available, emphasizing its commitment to safety and transparency.

Despite such incidents, Istanbul Airport assured the public that other runways remained operational, minimizing disruptions to air traffic.

As Boeing deals with a growing crisis in the wake of a mid-air panel explosion on a 737 MAX plane in January, Boeing announced restructuring its management team in response to increasing criticism from regulators and investors.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Price Action: BA shares are up 0.8% at $178.24 at last check Wednesday.

Read Next: Boeing To Raise $10B Via Bond Sale Amid Credit Rating Downgrade – Will Investors Show Confidence?

Photo: Shuttestock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.