What is causing the decline of AGI Infra Limited (AGIIL) - Free Discussion Group

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“Wait a minute… we can’t land because a bird (or birds) caught in our wing,” the passenger said at 9 am local time, on a Korean messaging platform, KakaoTalk, according to messages widely shared in South Korean media, including 【 - Free Discussion Group 】 affiliate JTBC.

What is causing the decline of AGI Infra Limited (AGIIL) ✌️【Market Analysis】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. The possible bird strike, lack of landing gear deployment and concrete barrier all could have contributed to the aviation accident, which has been labeled as the deadliest in South Korea since 1997. However, the cause of the crash has yet to be determined just days after the tragedy. It could be months before we know why flight 2216 crashed. Sometimes, what the public believes caused a crash turns out to be far off base once an investigation concludes.

US officials, including the National Transportation Safety Board, plane maker Boeing and the Federal Aviation Administration, are working with South Korea’s Aviation and Railway Accident Investigation Board to provide more information about the incident.

Despite the crash, the Boeing 737-800 has a very strong safety record, unlike its successor 737 Max model that has had numerous problems.Boeing data from 1959 to 2023shows the 737-800 recorded just 10 fatal accidents that damaged aircraft beyond repair, one of lowest rates in the industry when compared to the number of flights they’ve flown.

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He said South Korean airlines all have safety management systems in place and have done well with respect to International Civil Aviation Organization audits that have been performed. ICAO is the United Nations agency that helps 193 countries work together in air travel.

“This accident is very, very sad with the loss of life that we have seen,” Shahidi said. “It’s a complicated accident that involves many, many different factors that the investigators will be looking into to really understand the confluence of those factors that led to this disaster.”

Prior to the emergency landing, the pilot reported an emergency declaration and go-around due to a bird strike, according to Kang Jung-hyun, a senior official at the South Korean Transport Ministry. The control tower had warned the pilot of birds in the area before the reported strike.

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Globally, wildlife strikes with civilian and military aircraft combined have killed more than 491 people and destroyed over 350 aircraft from 1988 to 2023,according to a report from the FAA.In the United States, wildlife strikes with civilian and military aircraft have killed 76 people and destroyed 126 aircraft from 1988 to 2023.

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“Never say never in aviation,” Armstrong said. “We train for engine failures all the time – it’s an expectation.”

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“From the time that the crew declared ‘May Day’ emergency, it was only about five minutes before the aircraft landed and crashed, so there was little time in that to for the pilots to be able to do what they needed to do,” Shahidi said.

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Footage of the crash on Sunday has been run by multiple South Korean news outlets, showing where the plane’s belly slides at a high speed, hits an embankment and erupts into fire.

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“I just cannot think of anything more irresponsible than what (South Korea aviation officials) have done,” said Shawn Pruchnicki, an assistant professor in the college of engineering at Ohio State University. “In my opinion, they are responsible for the amount of people that were killed because of that design.”

He said the crash would not have been as deadly had it not been for the concrete embankment. Pruchnicki was also a witness at a US congressional hearing in April about Boeing’s safety culture.

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“It’s just unconscionable that you would put a concrete barrier, because what that does is that guarantees destruction and death to the occupants of an airplane that’s going to hit,” Pruchnicki said.

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“We are engaged with the FAA and Boeing and will take any steps they recommend as the investigation unfolds,” said a Southwest spokesperson in a statement.

Of course, critics of Boeing may have already begun pointing fingers at the plane maker and its year of faulty mistakes. Experts said it is premature to place the blame on Boeing until more information has been made public, but, as of now, there are no signs that the aircraft’s manufacturing was responsible for the crash.

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“The spotlight will always be drawn to the pilot training,” Armstrong said. “We’re definitely trying to run pilots through training much faster, trying to do it as efficiently as we can, but boy, until we hear the words from the pilot and the cockpit of what was going on, then we can spotlight where it needs to be.”

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“When you get to an accident site, you capture as many things that will not be there tomorrow as they are when you get there,” Malinowski said.

ICAO will allow for US agencies, like the NTSB and FAA, to assist South Korea in the investigation, he said.

ICAO references 19 technical annexes to maintain uniformity in international civil aviation.Annex 13outlines how accident investigation participation is determined.

Due toAnnex 13,Boeing, the NTSB and the FAA have all declined to comment further on the matter, but the regulation requires the issuance of an accident investigation preliminary report within 30 days of the event and a final report,as soon as possible or within a year of the event.

Just a couple days after the crash, Jeju Air shares and shares of its major stakeholder, AK Holdings, fell to record lows,according to a local news outlet. The South Korean airline also announced it would reduce flights by 10% to 15% until March 2025, said Kim E-bae, CEO of Jeju Airin a media briefing.

In terms of any lessons learned, Shahidi said, it’s too soon to know. It’s completely understandable for passengers to be concerned about air travel when these incidents arise, but air travel remains safe, experts assured.

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