Air Busan shares traded down 3.8% as of 0018 GMT, after falling as much as 6.1% to 2,325 won. It was the worst performer among South Korean airline stocks, compared with rival T'Way Air up 9% and Jeju Air down 0.8%, while Korean Airlines and Asiana ...

South Korean officials are launching an investigation into the cause of the fire that engulfed an Air Busan passenger plane, with eyewitness accounts suggesting a power bank may have sparked the blaze.

This comes a month after the Jeju Air plane crash on Dec. 29, 2024, that killed 179 passengers and crew members. It was the worst domestic civil aviation disaster in South Korea's history. The Jeju Air flight, which was returning from Bangkok, Thailand, veered off the runway and collided with a fence.