Asiana Boeing 747 Freighter Crash Causes $190 Million of Damage

By Seonjin Cha and Kyunghee Park

July 28, 2011 at 10:40 AM UTC

Asiana Airlines Inc., South Korea’s second-largest carrier, said the crash of its cargo freighter in the sea south of Jeju island earlier today caused 200.4 billion won ($190 million) of damage.

The Boeing Co. 747-400 aircraft was carrying two crewmembers and 58 tons of cargo to Shanghai from South Korea’s Incheon International Airport before problems with the controls, the airline said in an e-mailed statement. The cost of damage is based on the book value of the plane, the carrier said in a separate regulatory filing.