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The National Transportation Safety Board proposed to formally review the United Airlines Holdings, Inc (NASDAQ: UAL) flight mishap that dropped toward the Pacific Ocean shortly after taking off from Hawaii in December.
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It expects to have a preliminary report ready in two to three weeks.
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The UAL plane took off from Maui on December 18 and usually climbed for about a minute before quickly losing about 1,400 feet (427 meters) of altitude, Bloomberg reports citing Flightradar24.
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The incident did not involve any injury.
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The Boeing Co (NYSE: BA) 777-200ER came within several hundred feet of the ocean before resuming its climb and then flying safely to San Francisco.
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The pilots filed safety reports on the flight after landing, and the carrier coordinated with the Federal Aviation Administration and the Air Line Pilots Association union in investigating the incident.
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The pilots, who have a combined 25,000 hours of flying experience, underwent additional training.
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Price Action: UAL shares closed higher by 1.77% at $50.06 on Tuesday.
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Photo via Wikimedia Commons
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This article US Watchdog To Review United Airlines Flight Mishap Near Hawaii originally appeared on Benzinga.com
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