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Boeing 737 Cargo Jet Makes Emergency Water Landing

A Boeing (BA) 737 cargo plane made an emergency landing in the waters off Honolulu Friday. Boeing stock fell.

“The pilots had reported engine trouble and were attempting to return to Honolulu when they were forced to land the aircraft in the water,” the Federal Aviation Administration told CNBC. “According to preliminary information, the U.S. Coast Guard rescued both crew members. The FAA and National Transportation Safety Board will investigate.”

The aircraft was a 737-200 cargo aircraft operated for Transair by Rhoades Aviation, according to Flight Radar data. It was built in the 1970s and is not a newer Boeing 737 Max jet.

Boeing stock fell 1.1% to 237.07 on the stock market today, already off lows. Raytheon Technologies (RTX), the parent of the 737-200 engine maker Pratt & Whitney, edged up 0.3% to 86.44.

The emergency landing comes Boeing faced intense scrutiny by the FAA over its 737 Max jets after two deadly crashes. Boeing’s widebody 777X reportedly won’t receive FAA approval until 2023 over incomplete data and preliminary safety assessments.

Follow Gillian Rich on Twitter for aviation news and more.

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