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Boeing shares fall after Atlas Air 747 engine fire leads to emergency landing

Published 01/19/2024, 06:54 AM
Updated 01/19/2024, 08:32 AM
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MIAMI - An Atlas Air (NASDAQ:AAWW) Boeing (NYSE:BA) 747-8F cargo jet, registration N859GT, experienced a technical malfunction leading to engine flames shortly after takeoff from Miami International Airport today. The proficient actions taken by the crew facilitated an immediate emergency landing back at the airport, averting any potential injuries.

The incident, which is currently under investigation, occurred at approximately 03:32 UTC today. The aircraft, powered by GE GEnx engines, declared a Mayday following an engine fire after ascending from Miami. Intending to reach San Juan on flight 5Y 95, it managed only a peak altitude of about 3,875 feet before returning to land safely at MIA at approximately 03:45 UTC with five souls aboard and five hours' fuel remaining. This ordeal lasted 13 minutes in total according to Flightradar24 data.

No emergency squawk code was used during this incident; however, ATC recordings from a camera by runway 09/27 showed their communications during the ordeal which caused a slight delay to UPS flight number 5X354's departure.

The eight-year-old cargo plane with substantial service hours and cycles was involved in this incident. An Atlas (NYSE:ATCO) Air spokesperson confirmed the incident and emphasized their commitment to safety as well as a thorough investigation into the malfunction. Following the emergency situation, the aircraft successfully continued its journey to Puerto Rico.

In the wake of this event, Boeing's stock value has seen a notable decline, dropping by approximately 15%. The swift response by the flight crew has been commended, and further details regarding the malfunction are expected as the investigation progresses.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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