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Boeing Slides on Report of Emergency Landing for Cargo Plane in Hawaii

CNBC reports Friday that a 737 cargo plane was forced to execute an emergency landing on water near the coast of Honolulu.

Boeing  (BA) – Get Report shares slipped lower Friday after one of its cargo planes executed an emergency landing in the Pacific ocean off the coast of Hawaii.

CNBC first reported Friday that the 737-200 cargo plane, operating as Transair, experienced engine trouble shortly after its takeoff in Honolulu, and was forced to turn around before executing an emergency landing procedure near the Hawaiian coast. The Federal Aviation Administration confirmed the crash, noting that the two pilots had been rescued. 

Boeing’s flagship 737 MAX passenger aircraft was involved in two fatal accidents over a six month span between 2018 and 2019 linked to it flight navigation system and was eventually grounded by transportation authorities around the world.

Boeing shares were marked 0.9% lower in early trading Friday following reports of the incident to change hands at $237.60 each.

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