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Update: Boeing falls in pre-market trading as 737 jet crashes in Iran


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Update: Boeing falls in pre-market trading as 737 jet crashes in Iran

A Boeing Co. 737 plane bound for Ukraine with more than 170 people on board crashed in Iran shortly after takeoff, sending the planemaker's shares lower in pre-market trading Jan. 8.

Flight PS752 was operated on a Boeing 737-800 Next Generation aircraft that belonged to PJSC Ukraine International Airlines and was headed for Kiev, the airline said in a statement on Facebook. It had 167 passengers and nine crew members, the airline added, citing preliminary data.

Earlier reports said the plane was carrying between 170 and 180 people. Prior reports attributed the crash to engine failure, but the Ukrainian embassy in Iran said information on the causes of the plane crash is still being verified by a commission, adding: "Any statements regarding the causes of the accident prior to the decision of the commission are not official."

Meanwhile, UIA said it has suspended flights to Tehran until further notice and that an investigation headed by aviation authorities from Ukraine and Iran, as well as Boeing and the airline's representatives will take place.

The airline's fleet includes 28 medium-haul Boeing 737 Next Generation jets, according to the company's website.

Boeing's embattled 737 MAX jets, a variant of the 737 line, remain globally grounded following two fatal accidents in October 2018 and March 2019.

The airplane manufacturer said in a statement that it was aware of the reports and is gathering more information.

Boeing was down 2% in pre-market trading as of 5:47 a.m. ET.