On July 5, 2001, at 1120 local time (0220 universal coordinated time, UTC) a Sikorsky S-76B helicopter, Korean registration HL9240, manufacturer's serial no. 76-0341, operated by Dae-Woo Shipbuilding Co., Ltd., crashed at sea near the city of P'ohang, in the southeast of the Republic of Korea. The aircraft sank after impact and 8 of 12 persons on board were fatally injured, including the command pilot. The flight had departed Gim-Hae International Airport and the destination was Ok-Po Heliport, Republic of Korea. Witnesses reported that en route the ceiling and visibility lowered and the flight descended to a lower en route altitude. The aircraft and all on board were recovered. The flight was being operated in daylight under the authority of the Civil Aviation Bureau, Republic of Korea.

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