Airbus A320 black box recovered; toll rises to 150

March 25, 2015

Seyne-Les-Alpes, Mar 25: A black box recovered from the scene and pulverised pieces of debris strewn across Alpine mountainsides held clues to what caused a German jetliner to take an unexplained eight-minute dive Tuesday midway through a flight from Spain to Germany, apparently killing all 150 people on board.

The victims included two babies, two opera singers and 16 German high school students and their teachers returning from an exchange trip to Spain. It was the deadliest crash in France in decades.

Airbus A320 copyThe Airbus A320 operated by Germanwings, a budget subsidiary of Lufthansa, was less than an hour from landing in Duesseldorf on a flight from Barcelona when it unexpectedly went into a rapid descent. The pilots sent out no distress call and had lost radio contact with their control center, France's aviation authority said, deepening the mystery.

While investigators searched through debris from Flight 9525 on steep and desolate slopes, families across Europe reeled with shock and grief. Sobbing relatives at both airports were led away by airport workers and crisis counsellors.

“The site is a picture of horror. The grief of the families and friends is immeasurable,” German Foreign Minister Frank-Walter Steinmeier said after being flown over the crash scene. “We must now stand together. We are united in our great grief.”

It took investigators hours to reach the site, led by mountain guides to the craggy ravine in the southern French Alps, not far from the Italian border and the French Riviera.

Video shot from a helicopter and aired by BFM TV showed rescuers walking in the crevices of a rocky mountainside scattered with plane parts. Photos of the crash site showed white flecks of debris across a mountain and larger airplane body sections with windows. A helicopter crew that landed briefly in the area saw no signs of life, French officials said.

“Everything is pulverized. The largest pieces of debris are the size of a small car. No one can access the site from the ground,” Gilbert Sauvan, president of the general council, Alpes-de-Haute-Provence, told The Associated Press.

“This is pretty much the worst thing you can imagine,” said Bodo Klimpel, mayor of the German town of Haltern, rent with sorrow after losing 16 tenth graders and their two teachers.

The White House and the airline chief said there was no sign that terrorism was involved, and German Chancellor Angela Merkel urged reporters not to speculate on the cause.

“We still don't know much beyond the bare information on the flight, and there should be no speculation on the cause of the crash,” she said in Berlin. “All that will be investigated thoroughly.”

Lufthansa vice president Heike Birlenbach told reporters in Barcelona that for now “we say it is an accident.”

In Washington, the White House said American officials were in contact with their French, Spanish and German counterparts. “There is no indication of a nexus to terrorism at this time,” said U.S. National Security Council spokeswoman Bernadette Meehan.

Merkel, French President Francois Hollande and Spanish Prime Minister Mariano Rajoy were to visit the site Wednesday.

French Interior Minister Bernard Cazeneuve said a black box had been located at the crash site and “will be immediately investigated.” He did not say whether it was the flight data recorder or the cockpit voice recorder.

The two devices actually orange boxes designed to survive extreme heat and pressure should provide investigators with a second-by-second timeline of the plane's flight.

The voice recorder takes audio feeds from four microphones within the cockpit and records all the conversations between the pilots, air traffic controllers as well as any noises heard in the cockpit. The flight data recorder captures 25 hours' worth of information on the position and condition of almost every major part in a plane.

Germanwings is low-cost carrier owned by Lufthansa, Germany's biggest airline, and serves mostly European destinations. Tuesday's crash was its first involving passenger deaths since it began operating in 2002. The Germanwings logo, normally maroon and yellow, was blacked out on its Twitter feed.

Lufthansa CEO Carsten Spohr called it the “blackest day of our company's 60-year history.” He insisted, however, that flying “remains after this terrible day the safest mode of transport.”

Germanwings said 144 passengers and six crew members were on board. Authorities said 67 Germans were believed among the victims, including the 16 high school students and two opera singers, as well as many Spaniards, two Australians and one person each from the Netherlands, Turkey and Denmark.

Contralto Maria Radner was returning to Germany with her husband and baby after performing in Wagner's “Siegfried,” according to Barcelona's Gran Teatre del Liceu. Bass baritone Oleg Bryjak had appeared in the same opera, according to the opera house in Duesseldorf.

The plane left Barcelona Airport at 10-01 a.m. and had reached its cruising height of 38,000 feet when it suddenly went into an eight-minute descent to just over 6,000 feet, Germanwings CEO Thomas Winkelmann told reporters in Cologne.

“We cannot say at the moment why our colleague went into the descent, and so quickly, and without previously consulting air traffic control,” said Germanwings' director of flight operations, Stefan-Kenan Scheib.

At 10-30, the plane lost radio contact with the control centre but “never declared a distress alert,” Eric Heraud of the French Civil Aviation Authority told the AP.

The plane crashed at an altitude of about 6,550 feet at Meolans-Revels, near the popular ski resort of Pra Loup. The site is 700 kilometres south-southeast of Paris.

“It was a deafening noise. I thought it was an avalanche, although it sounded slightly different. It was short noise and lasted just a few seconds,” Sandrine Boisse, the president of the Pra Loup tourism office, told the AP.

Authorities faced a long and difficult search-and-recovery operation because of the area's remoteness. The weather, which had been clear earlier in the day, deteriorated Tuesday afternoon, with a chilly rain falling. Snow coated nearby mountaintops.

French Interior Ministry spokesman Pierre-Henry Brandet said the crash site covered several acres, with thousands of pieces of debris, “which leads us to think the impact must have been extremely violent at very high speed.”

Search operations were suspended overnight and were to resume at daybreak, though about 10 gendarmes remained in the desolate ravine to guard the crash site, authorities said.

Winkelmann said the pilot, whom he did not name, had more than 10 years' experience working for Germanwings and its parent airline Lufthansa.

Florian Graenzdoerffer Lufthansa Spokesman for North Rhine Westphalia said the company had to cancel seven flights out of Dusseldorf because a number of crew members felt they were unfit to fly following news of the accident.

“I can't tell you any details because this is a personal decision and in our business we have an agreement if a crew feels unfit to fly ... then we respect this,” Graenzdoerffer said.

The aircraft was delivered to Lufthansa in 1991, had approximately 58,300 flight hours in some 46,700 flights, Airbus said. The plane underwent a routine check in Duesseldorf on Monday, and its last regular full check took place in the summer of 2013.

The A320 plane is a workhorse of modern aviation, with a good safety record.

The last time a passenger jet crashed in France was the 2000 Concorde accident, which left 113 dead.

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Agencies
June 7,2020

Moscow, Jun 7: OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.

The group, known as OPEC+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis. Those cuts were due to taper to 7.7 million bpd from July to December.

“Demand is returning as big oil-consuming economies emerge from pandemic lockdown. But we are not out of the woods yet and challenges ahead remain,” Saudi Energy Minister Prince Abdulaziz bin Salman told the video conference of OPEC+ ministers.

Benchmark Brent crude climbed to a three-month high on Friday above $42 a barrel, after diving below $20 in April. Prices still remain a third lower than at the end of 2019.

“Prices can be expected to be strong from Monday, keeping their $40 plus levels,” said Bjornar Tonhaugen from Rystad Energy.

Saudi Arabia, OPEC’s de facto leader, and Russia have to perform a balancing act of pushing up oil prices to meet their budget needs while not driving them much above $50 a barrel to avoid encouraging a resurgence of rival U.S. shale production.

It was not immediately clear whether Saudi Arabia, the United Arab Emirates and Kuwait would extend beyond June their additional, voluntary cuts of 1.18 million bpd, which are not part of the deal.

BULGING INVENTORIES

The April deal was agreed under pressure from U.S. President Donald Trump, who wants to avoid U.S. oil industry bankruptcies.

Trump, who previously threatened to pull U.S. troops out of Saudi Arabia if Riyadh did not act, spoke to the Russian and Saudi leaders before Saturday’s talks, saying he was happy with the price recovery.

While oil prices have partially recovered, they are still well below the costs of most U.S. shale producers. Shutdowns, layoffs and cost cutting continue across the United States.

“I applaud OPEC-plus for reaching an important agreement today which comes at a pivotal time as oil demand continues to recover and economies reopen around the world,” U.S. Energy Secretary Dan Brouillette wrote on Twitter after the extension.

As global lockdowns ease, oil demand is expected to exceed supply sometime in July but OPEC has yet to clear 1 billion barrels of excess oil inventories accumulated since March.

Rystad’s Tonhaugen said Saturday’s decisions would help OPEC reduce inventories at a rate of 3 million to 4 million bpd in July-August. “The quicker stocks fall, the higher prices will get,” he said.

Nigeria’s petroleum ministry said Abuja backed the idea of compensating for its excessive output in May and June.

Iraq, with one of the worst compliance rates in May, agreed to extra cuts although it was not clear how Baghdad would reach agreement with oil majors on curbing Iraqi output.

Iraq produced 520,000 bpd above its quota in May, while overproduction by Nigeria was 120,000 bpd, Angola’s was 130,000 bpd, Kazakhstan’s was 180,000 bpd and Russia’s was 100,000 bpd, OPEC+ data showed.

OPEC+’s joint ministerial monitoring committee, known as the JMMC, will meet monthly until December to review the market, compliance and recommend levels of cuts. JMMC’s next meeting is scheduled for June 18.

OPEC and OPEC+ will hold their next scheduled meetings on Nov. 30-Dec. 1.

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News Network
July 18,2020

Global coronavirus infections passed 14 million on Friday, according to a Reuters tally, marking the first time there has been a surge of 1 million cases in under 100 hours.

The first case was reported in China in early January and it took three months to reach 1 million cases. It has taken just four days to climb to 14 million cases from 13 millionrecorded on July 13.

The United States, with more than 3.6 million confirmed cases, is still seeing huge daily jumps in its first wave of Covid-19 infections. The United States reported a daily global record of more than 77,000 new infections on Thursday, while Sweden has reported 77,281 total cases since the pandemic began.

Despite the surging cases, a cultural divide is growing in the country over wearing masks to slow the spread of the virus, a precaution routinely taken in many other nations.

U.S. President Donald Trump and his followers have resisted a full-throated endorsement of masks and have been calling for a return to normal economic activity and reopening schools despite the surging cases.

COVID-19 Pandemic Tracker: 15 countries with the highest number of coronavirus cases, deaths

Other hard-hit countries have “flattened the curve” and are easing lockdowns put in place to slow the spread of the novel virus while others, such as the cities of Barcelona and Melbourne, are implementing a second round of local shutdowns.

The number of cases globally is around triple that of severe influenza illnesses recorded annually, according to the World Health Organization.

The pandemic has now killed more than 590,000 people in almost seven months, edging towards the upper range of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities then surged in Europe and later in the United States.

The Reuters tally, which is based on government reports, shows the disease is accelerating the fastest in the Americas, which account for more than half the world’s infections and half its deaths.
In Brazil, more than 2 million people have tested positive including President Jair Bolsonaro, and more than 76,000 people have died.

India, the only other country with more than 1 millioncases, has been grappling with an average of almost 30,000 new infections each day for the last week.

Those countries were the main drivers behind the World Health Organization on Friday reporting a record one-day increase in global coronavirus cases of 237,743.

In countries with limited testing capacity, case numbers reflect only a proportion of total infections. Experts say official data likely under-represents both infections and deaths.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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