"Boeing Struggles With Declining Trust, Hit Again by This Accident"

While the cause of the Jeju Air plane disaster at Muan International Airport has yet to be determined, Boeing, which manufactured the 737-800, has taken another hit to its credibility, The Times reported.

The Times pointed out that the disaster occurred again about 12 months after the Jan. 5 departure of parts of the fuselage of an Alaska Airlines plane that revealed Boeing's trust issues.

The Boeing 737 Max plane, which took off from Portland International Airport in Oregon at the time, made an emergency landing after some of its windows and walls were torn off about 5,000 meters above the ground.

Unlike the worst disaster, which killed 179 people, there were no miraculous deaths at the time.

However, following the 2018 crash of an Indonesian Lion Air plane that killed 189 people and the 2019 crash of an Ethiopian Airlines plane that killed 157 people, Boeing's lack of capacity to address manufacturing problems has spread questions.

Boeing's in-house culture of simplifying safety management while focusing on cutting costs has also been revealed, The Times said.

The accident halted Boeing's 737 MAX aircraft in each country and limited production of the model.

Shares of Boeing are down nearly a third this year.

Since Boeing CEO Robert Kelly Ottberg was replaced in August this year, union strikes have continued.

The strike ended last month only after seven weeks of agreeing to a 38% pay rise over four years.

Boeing also sold $19 billion, about 28 trillion won worth of shares to raise funds in October when the strike was in full swing.