Search resumes for missing Malaysian jetliner

March 9, 2014
Kuala Lumpur, Mar 9: Planes and ships from across Asia resumed the hunt on Sunday for the Malaysian jetliner missing with 239 people on board for more than 24 hours, while Malaysian aviation authorities investigated how two passengers were apparently able to get on the aircraft using stolen passports.

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There was still no confirmed sighting of wreckage from the Boeing 777 in the seas between Malaysia and Vietnam where it vanished from screens early Saturday morning en route to Beijing from Kuala Lumpur. The weather was fine, the plane was already cruising and the pilots had no time to send a distress signal in unusual circumstances for a modern jetliner to crash.

Li Jiaxiang, administrator of the Civil Aviation Administration of China, said some debris had been spotted, but it was unclear whether it came from the plane. Vietnamese authorities said they had seen nothing close to two large oil slicks they saw Saturday and said might be from the missing plane.

Malaysia's civil aviation chief Azaharuddin Abdul Rahman said his country had expanded its area of operation to the west coast of peninsular Malaysia, on the other side of the country from where the plane disappeared. “This is standard procedure. If we can't find it here, we go to other places,” he said.

Finding traces of an aircraft that crashes over sea can take days or longer, even with a sustained search effort. Depending on the circumstances of the crash, wreckage can be scattered over many square kilometers (miles). If the plane enters the water before breaking up, there can be relatively little debris.

Investigators will need access to the flight data recorders to determine what happened. Terrorism is always considered a possibility, but the sudden disappearance of Flight MH370 has given extra emphasis to speculation a bomb might have been on board.

On Saturday, foreign ministries in Italy and Austria said the names of two citizens listed on the flight's manifest matched the names on two passports reported stolen in Thailand. It's unclear how common it is for people to get on flights with fake passports, but the news added to fears of terrorism.

Azaharuddin said Sunday that authorities were “aware of the situation and we are doing an investigation at the moment.”

Just 9 percent of fatal accidents happen when a plane is at cruising altitude, according to a statistical summary of commercial jet accidents done by Boeing. Malaysia Airlines CEO Ahmad Jauhari Yahya said Saturday there was no indication the pilots had sent a distress signal.

The lack of a radio call “suggests something very sudden and very violent happened,” said William Waldock, who teaches accident investigation at Embry-Riddle Aeronautical University in Prescott, Ariz.

The plane was last inspected 10 days ago and found to be “in proper condition,” Ignatius Ong, CEO of Malaysia Airlines subsidiary Firefly airlines, said at a news conference.

Two-thirds of the jet's passengers were from China. The rest were from elsewhere in Asia, North America and Europe.

Asked whether terrorism was suspected, Malaysian Prime Minister Najib Razak said authorities were “looking at all possibilities, but it is too early to make any conclusive remarks.”

The South China Sea is a tense region with competing territorial claims that have led to several low-level conflicts, particularly between China and the Philippines. That antipathy briefly faded Saturday as China, the Philippines, Vietnam, Singapore and Malaysia all sent ships and planes to the region.

Malaysia had dispatched 15 planes and nine ships to the area. The U.S. Navy was sending a warship and a surveillance plane, while Singapore said it would send a submarine and a plane. China and Vietnam also sent aircraft to help in the search.

Malaysia Airlines has a good safety record, as does the 777, which had not had a fatal crash in

its 19—year history until an Asiana Airlines plane crashed last July in San Francisco, killing three passengers, all teenagers from China.

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News Network
June 15,2020

Jun 15: Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel.

Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs.

"Concerns about the recent uptick in COVID-19 infections in the U.S. and a potential 'second wave' are weighing on oil at the moment," said Stephen Innes, chief global market strategist at AxiCorp.

Meanwhile, an OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions, but will not make any decision, according to five OPEC+ sources.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been reducing supplies by 9.7 million barrels per day (bpd), about 10% of pre-pandemic demand, and agreed in early June to extend the cuts for a month until end-July.

Iraq, one of the laggards in complying with the curbs, agreed with its major oil companies to cut crude production further in June, Iraqi officials working at the fields told Reuters on Sunday.

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News Network
July 1,2020

Washington, Jul 1: The United States has approved four coronavirus vaccine candidates for clinical trials, Food and Drug Administration (FDA) head Stephen Hahn told reporters.

"Four vaccines have been approved for moving into clinical trials... and another six are in the pipeline for us to review," Hahn said during a press briefing on Tuesday.

The US Administration launched in May Operation Warp Speed, a joint project of Health and Defense Departments, which aims to deliver 300 million doses of a vaccine for COVID-19 by January 2021.

The country's top pandemics expert Anthony Fauci warned on Tuesday, however, that there is no certainty the United States will be able to develop a vaccine against COVID-19 that works and will be safe.

Data on vaccine effectiveness, he added, may be available in the winter or early next year.

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News Network
March 16,2020

New Delhi, Mar 16: Due to the coronavirus pandemic, most airlines in the world will be bankrupt by the end of May and only a coordinated government and industry action right now can avoid the catastrophe, said global aviation consultancy firm CAPA in a note on Monday.

"As the impact of the coronavirus and multiple government travel reactions sweep through our world, many airlines have probably already been driven into technical bankruptcy, or are at least substantially in breach of debt covenants," it stated.

Across the world, airlines have announced drastic reduction in their operations in the wake of the coronavirus outbreak. For example, Atlanta-based Delta Air Lines stated on Sunday that it would be grounding 300 aircraft in its fleet and reduce flights by 40 per cent.

The US has suspended all tourist visas for people belonging to the European Union, the UK and Ireland. Similarly, the Indian government has suspended all tourist visas and e-visas granted on or before March 11.

CAPA, in its note on Monday, said, "By the end of May-2020, most airlines in the world will be bankrupt. Coordinated government and industry action is needed - now - if catastrophe is to be avoided."

Cash reserves are running down quickly as fleets are grounded and "what flights there are operate much less than half full", it added.

"Forward bookings are far outweighed by cancellations and each time there is a new government recommendation it is to discourage flying. Demand is drying up in ways that are completely unprecedented. Normality is not yet on the horizon," it said.

India's largest airline IndiGo -- which has around 260 planes in its fleet -- said on Thursday that it has seen a decline of 15-20 per cent in daily bookings in the last few days.

The low-cost carrier had stated that it expects its quarterly earnings to be materially impacted due to such decline.

CAPA said the failure to coordinate the future will result in protectionism and much less competition.

"The alternative does not bear thinking about. An unstructured and nationalistic outcome will not be survival of the fittest.

"It will mostly consist of airlines that are the biggest and the best-supported by their governments. The system will reek of nationalism. And it will not serve the needs of the 21st century world. That is not a prospect that any responsible government should be prepared to contemplate," the consultancy firm said.

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