Shares of Air Busan dropped on Friday, after a plane belonging to the budget carrier caught fire earlier this week. Air Busan shares traded down 3.8% as of 0018 GMT, after falling as much as 6.1% to 2,

A passenger plane has caught fire before takeoff at an airport in South Korea, but all 176 people on board have been safely evacuated.

South Korean officials are launching an investigation into the cause of the fire that engulfed an Air Busan passenger plane, with eyewitness accounts suggesting a power bank may have sparked the blaze.

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.

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.