The UPS (UPS) cargo plane that crashed was 34 years old and had a fuel-tank repair in September for a crack, The Wall Street Journal’s Esther Fung, Benjamin Katz, and Drew FitzGerald report. One of the jet’s engines detached during takeoff and was found on the ground at the Louisville, Kentucky, airport. The MD-11 has the second-worst safety record of any commercial aircraft still in service, according to industry data. The Tuesday crash killed at least 12 people and is still under investigation. UPS says it is working with the NTSB and FAA on their investigation of the incident and has halted operations at its Worldport package-handling hub in Louisville.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPS:
- Ford Stock (NYSE:F) Surges Despite Louisville Plant Shutdown
- Midday Fly By: Broader market bought on dip after tech selloff
- Video: AMD, Pinterest move lower after earnings
- At least seven dead after UPS cargo plane crash, WSJ reports
- UPS cargo plane crashes shortly after leaving Louisville airport, WaPo says