indonesia

29-30 December: Greek Parliment Fire; AirAsia Shares Plunge As Flight Vanishes

29-30 December: Greek Parliment Fire; AirAsia Shares Plunge As Flight Vanishes

In what has to be the most heart wrenching year in modern civil aviation history, another civilian airplane has vanished without a trace over an area spanning between Indonesia and Borneo.

Earlier this year in March, Malaysian Airlines Flight MH370 flying from Kuala Lumpur, Malaysia to Beijing, China lost radio contact with Malaysian ATC while flying over the South China Sea towards Vietnam. Almost 9 months after its mysterious disappearance, the Boeing 777-200ER airplane that serviced MH370 is still not found, nor have parts that belonged to the aircraft been found despite extensive international search efforts across millions of square miles over the Indian Ocean. The conclusion of MH370 is still open ended, but consensus is that it has crashed in open waters West of Australia. MH370 was carrying 239 passengers in total, the world has never heard from them since.

The flight in question is QZ8501 operated by an affiliate of AirAsia, AirAsia Indonesia whose parent company is PT Fersindo Nusaperkasa. The firm was founded in December 2004 under the brand "Awair". As we go to print, the airplane is still missing after 48 hours since it broke contact with Jakarta ATC. No distress signal was given.