A Boeing 737 cargo plane experiencing engine trouble reportedly crashed in the water near Hawaii early this morning.
The sources told CNBC that the plane experienced engine trouble after taking off from Honolulu and attempted to turn back, but were forced to put the plane down in the water.
The crew and two pilots were later rescued by the Coast Guard, CNBC later said.
The incident was confirmed by Hawaii’s Department of Transportation, Hawaii News Now reported.
The incident reportedly happened around 1:45 a.m. local time (or 7:45 a.m. ET).
The plane went down about two miles from Kalaeloa Airport, local news media reported. U.S. Coast Guard are working to respond to the crash as is the Honolulu Fire Department. Rescuers are reportedly using a boat, a C-130 plane and a helicopter.
By 10 a.m. EST, Boeing’s stock price had dropped about 2% after the FAA confirmed the crash.
The incident is under investigation. No other details were immediately available.