Pegasus Airlines Boeing 737 Crash-Lands At Istanbul Airport

Between the coronavirus and the number of planes that seem to be falling out of the sky these days, the blowback on the airline industry might be even more severe than Wall Street fears (analysts at Jeffries expect Cathay Pacific to take a big hit during H1 before bouncing back in H2).

But to the list of recent plane crashes and near-miss incidents, we can add a Boeing 737 run by Pegasus Airlines, which crash-landed at Istanbul's Sabiha Gokcen Airport on Wednesday. Video showed the fiery wreckage. Though the scene looks bad, local press just reported that all 177 passengers and 6 crew members were safely evacuated after the plane skidded off the runway.

Here's a still close-up of the wreckage:

The incident mirrors another shocking near-miss one month ago. On Jan. 7, a Pegasus Airlines Boeing 737-800 overshot the runway at Sabiha Gokcen while landing a flight from Sharjah during less-than-favorable conditions. All 169 passengers were safely evacuated, with no serious injuries.

That accident forced a temporary shut-down of Istanbul's main airport.