Shares of Air Busan dropped on Friday, after a plane belonging to the budget carrier caught fire earlier this week.

South Korean officials are launching an investigation into the cause of the fire that engulfed an Air Busan passenger plane while awaiting takeoff at Busan's Gimhae International Airport, with some eyewitness accounts leading to speculation that a portable power bank may have caused the blaze.

Concerns were raised about whether Air Busan’s crew had followed standard safety procedures. Read more at straitstimes.com.

The fire broke out in the back of the cabin, officials said. All 176 people on board, including passengers and crew members, were evacuated, some with minor injuries.

A passenger aircraft carrying 169 passengers and seven crew members burst into flames at Gimhae International Airport in Busan, South Korea, on Tuesday night, triggering a swift and dramatic evacuation.

The testimonies of some passengers suggest the fire broke out at an overhead compartment. Read more at straitstimes.com.

An Airbus plane belonging to South Korean carrier Air Busan caught fire on Tuesday at Gimhae International Airport in the country’s south while preparing for departure to Hong Kong, fire authorities said.

An investigation into a fire that engulfed an Air Busan plane at a South Korean airport this week is being slowed by a large amount of fuel and oxygen still on board, an air crash investigation official told Reuters.

Passengers evacuated from an Air Busan plane that was engulfed in flames this week at a South Korean airport will have their checked baggage returned to them, after authorities on Friday deemed the jet safe for a full investigation.