Shares of Air Busan dropped on Friday, after a plane belonging to the budget carrier caught fire earlier this week. Air Busan shares traded down 3.8% as of 0018 GMT, after falling as much as 6.1% to 2,

On Tuesday, the Airbus plane operated by budget carrier Air Busan and bound for Hong Kong caught fire at Gimhae International Airport in the country's southern city of Busan before takeoff. All 176 people on board were safely evacuated using an escape slide, though seven suffered minor injuries.

At 10.15pm on Jan 28, the Air Busan plane, an Airbus A321-200, bound for Hong Kong from Gimhae International Airport in Busan, caught fire at its tail before takeoff. According to testimony from passengers on board, a “crackling sound” could be heard from the overhead luggage compartment at the time, followed shortly by smoke.

SEOUL: With speculation rising over the cause of the fire on an Air Busan aircraft carrying 176 people late Tuesday (Jan 28) evening, authorities are planning to conduct a joint forensic investigation on Friday (Jan 31) with 10 officials from France’s Bureau of Enquiry and Analysis for Civil Aviation Safety,

The aviation and railway accident investigation board under the ministry held the meeting with local police, firefighting agencies and the National Forensic Service on Thursday to discuss how to ensure safety in conducting a joint probe, as 35,000 pounds of fuel was stored at the wings of the plane.

SEOUL: South Korea’s Ministry of Land, Infrastructure and Transport on Jan 29 dispatched officials and set up an emergency response team to investigate the cause of a fire that broke out on an Air Busan flight on Tuesday (Jan 28) evening.

An Air Busan plane caught fire at Gimhae International Airport in Busan in South Korea on Tuesday and all 169 passengers and seven crew members evacuated without casualties, Yonhap news agency reported,

SEOUL - An investigation into a fire that engulfed an Air Busan plane at a South Korean airport this week is being slowed by a large amount of fuel and oxygen still on board, an air crash investigation official told Reuters.

Concerns have been raised about the safety risk of bringing portable batteries in carry-on luggage for flights, as a lithium-ion battery is suspected as the cause of the fire that

Korean Air will initially fly its long-range A350-900s on short-haul flights to Japan before flying to Europe later in the year.

A passenger plane caught fire before takeoff at an airport in South Korea late Tuesday, but all 176 people on board were safely evacuated, authorities said.