No Deaths After Plane Crashes In Mexico; Passengers "Grateful To God"

Agencies
August 1, 2018

Mexico City, Aug 1: Dozens of people were injured when a packed Aeromexico-operated Embraer jet crashed right after takeoff in Mexico's state of Durango on Tuesday, but authorities said most were not seriously hurt and there were no fatalities.

The mid-sized jet was almost full, with 103 people including two infants and four crew members on board, when it crashed at about 4 p.m. local time (2100 GMT), authorities said. Passengers and crew jumped to safety before the plane was engulfed in flames.

Passenger Jackeline Flores told reporters the plane crashed shortly after taking off in heavy rain. She and her daughter escaped from a hole in the fuselage as the aircraft filled up with smoke and flames, she said.

"A little girl who left the plane was crying because her legs were burned," said Flores, who said she was Mexican but lived in Bogota, Colombia.

Flores said her passport and documents burned in the fire.

"I feel blessed and grateful to God," she said.

TV images showed the severely damaged body of the plane after it came to rest in scrubland and a column of smoke rose into the sky.

The plane had barely taken off when it felt like it was hit by a strong air current, another passenger told network Televisa.

Durango Governor Jose Rosas Aispuro also said a gust of wind rocked the plane before it plunged suddenly, citing air traffic control at the airport. The plane's left wing hit the ground, knocking off two engines, before it came to a halt 300 meters (328 yards) from the runway, he told a news conference.

Passengers were able to escape on the plane's emergency slides before it was engulfed in flames, he said. The pilot was the most severely hurt but was in a stable condition.

Grupo Aeroportuario Centro Norte, the airport operator, also attributed the crash to bad weather, citing preliminary reports.

Aeromexico said in a statement: "We deeply regret this accident. The families of all those affected are in our thoughts and in our hearts."

Light Injuries

Alejandro Cardoza, a spokesman for the state's civil protection agency, said in an interview that around 85 people had suffered mostly light injuries and that the fire had been put out.

The civil protection agency said 37 people were hospitalized, while the state health department said two passengers were in a critical condition.

"Many managed to leave the plane on foot," Cardoza said.

The head of Mexico's civil aviation agency, Luis Gerardo Fonseca, said it could take months to know the cause of the crash. He told Televisa the plane's voice and data recorders would be recovered once rescue efforts were completed.

The United States will send two people to assist the Mexican investigative team, a U.S aviation official said.

Flight number 2431 was an Embraer 190 bound for Mexico City when it crashed, Aeromexico said on Twitter. A spokesman for the Mexican airline declined to disclose the passenger list or the nationalities of those on board.

Among the passengers was Chicago-born priest Esequiel Sanchez of the Shrine of Our Lady of Guadalupe, according to a statement by the Archdiocese of Chicago.

A U.S. embassy spokesman said he did not currently have confirmation of whether any American citizens were involved in the incident.

Aeromexico has not had any fatal crashes in the past 10 years.

A Mexican pilots association said last year there were 66 accidents and 173 incidents in Mexican aviation, saying the number was "worrying" and calling for more supervision of flying schools, more funds for maintenance and oversight of fleets, and shorter flying hours for pilots.

The Embraer 190 was involved in one fatal crash when a Henan Airlines flight overshot a Chinese runway in 2010 and another in Africa in 2013 when a LAM Airlines pilot deliberately crashed the plane during a hostage-taking incident, according to a summary by the Aviation Safety Network.

Embraer has delivered more than 1,400 E-Jets.

Aeromexico leased the 10-year-old aircraft involved in Tuesday's incident from Republic Airlines in the United States in 2014, according to data on Planespotters.net.

Embraer said late on Tuesday it had sent a team of technicians to the scene of the accident and stood ready to support the investigation. The aircraft, the serial number of which was 190-173, was delivered in May 2008, the company said in a statement.

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Agencies
March 1,2020

Washington, Mar 1: The US Federal Communications Commission (FCC) has proposed a fine of over $200 million for all major US mobile carriers for selling the location data of customers to some agencies.

The Federal Communications Commission today proposed fines against the nation's four largest wireless carriers for apparently selling access to their customers' location information without taking reasonable measures to protect against unauthorised access to that information. As a result, T-Mobile faces a proposed fine of more than $91 million, AT&T faces a proposed fine of more than $57 million, Verizon faces a proposed fine of more than $48 million, and Sprint faces a proposed fine of more than $12 million, the FCC said in a statement on Friday.

The Enforcement Bureau of FCC opened this investigation after reports surfaced that a Missouri Sheriff, Cory Hutcheson, used a "location-finding service" operated by Securus, a provider of communications services to correctional facilities, to access the location information of the wireless carriers' customers without their consent between 2014 and 2017.

"American consumers take their wireless phones with them wherever they go. And information about a wireless customer's location is highly personal and sensitive. The FCC has long had clear rules on the books requiring all phone companies to protect their customers' personal information. And since 2007, these companies have been on notice that they must take reasonable precautions to safeguard this data and that the FCC will take strong enforcement action if they don't. Today, we do just that," said FCC Chairman Ajit Pai.

"This FCC will not tolerate phone companies putting Americans' privacy at risk."

The FCC also admonished these carriers for apparently disclosing their customers' location information, without their authorisation, to a third party

The four major US carriers mentioned sold access to their customers' location information to "aggregators," who then resold access to such information to third-party location-based service providers (like Securus).

Although their exact practices varied, each carrier relied heavily on contract-based assurances that the location-based services providers (acting on the carriers' behalf) would obtain consent from the wireless carrier's customer before accessing that customer's location information.

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Agencies
June 16,2020

India continues to remain ranked 43rd on an annual World Competitiveness Index compiled by Institute for Management Development (IMD) with some traditional weaknesses like poor infrastructure and insufficient education investment keeping its ranking low, the international business school said on Tuesday.

Singapore has retained its top position on the 63-nation list.

Denmark has moved up to the second position (from 8th last year), Switzerland has gained one place to rank 3rd, the Netherlands has retained its 4th place and Hong Kong has slipped to the fifth place (from 2nd in 2019).

The US has moved down to 10th place (from 3rd last year), while China has also slipped from 14th to 20th place. Among the BRICS nations, India is ranked second after China, followed by Russia (50th), Brazil (56th) and South Africa (59th).

India was ranked 41st on the IMD World Competitiveness Ranking, being produced by the business school based in Switzerland and Singapore every year since 1989, but had slipped to 45th in 2017 before improving to 44th in 2018 and then to 43rd in 2019.

While its overall position has remained unchanged in the 2020 list, it has recorded improvements in areas like long-term employment growth, current account balance, high-tech exports, foreign currency reserves, public expenditure on education, political stability and overall productivity, the IMD said.

However, it has moved down in areas like exchange rate stability, real GDP growth, competition legislation and taxes.

Arturo Bris, Head of Competitiveness Center at IMD Business School, said India continues to struggle on the list and the recent country rating downgrade by Moody’s reflects the uncertainties regarding the economy’s future.

"In our ranking this year, we again emphasize the traditional weaknesses of India -- poor infrastructure, an important deficit in education investment, and a health system that does not reach everybody. For India to follow the path of China, it must stress its intangible infrastructure," Bris said.

"In a less global world, with China, USA, and Europe looking inwards, currencies like the rupee (and the Brazilian real for instance) are going to suffer and display high volatilities.

"Moody’s has threatened the country with a downgrade to junk and that would put India in a terrible position to attract foreign capital. So the urgency for the government should be to fix the short-term problems—and this requires to improve the credibility of the government itself," Bris added.

With the exception of Singapore, the Philippines, Taiwan and the Korean Republic, most Asian economies dropped in rankings this year, the IMD said.

The reason for the Asian economies’ less stellar performance as a region, this year is partly the result of the trade frictions between China and the US, particularly because these economies are highly dependent on trade with China.

About Singapore, which moved to the top rank last year, the IMD said its position is largely driven by the relative ease of setting up business, availability of skilled labour and its cutting-edge technological infrastructure.

The IMD said the impact of COVID-19 on the competitiveness ranking has partially been captured by executives’ opinions about the effectiveness of the different health systems.

In the ASEAN countries included in the survey, only Singapore and Thailand have a positive performance in the effectiveness of the health infrastructure.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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