Second day search for AirAsia QZ8510 fail

The second day search effort for AirAsia's plane, QZ8510 has failed.

Authorities suspect that the airplane that carried 162 people might have crashed into the waters off Indonesia.




This is the third incident related to Malaysia....with the first 2 incidents involving the Malaysia Airlines. 

Months after the first disappearance of the MH370. That was in March 2014.

Then, in July 2014, another incident related to Malaysia Airline happened again. This time, Malaysia Airline flight MH17 was shot down over Ukraine, killing nearly 300 passengers and crew.

And last Sunday's missing AirAsia flight was traveling between Surabaya, in Indonesia, and Singapore. There were 155 passengers and seven crew on board the Airbus A320-200, officials have said. While technically, it's the AirAsia Indonesia that's affected but since it's under AirAsia group, it's related to Malaysia somehow.

The Indonesia team suspects the plane is under water, search and rescue agency chief F.H. Bambang Sulistyo said in Jakarta today, with no signal detected from the emergency local transmitter. Contact with Flight QZ8501 was lost yesterday while the plane was on a routine commercial flight to Singapore from Surabaya, Indonesia, a journey that normally takes two hours.

“Based on the coordinates given to us, our evaluation says the likely position where the plane crashed is in the sea,” Sulistyo said. “The preliminary assumption is that the plane is at the bottom of the sea.”

Probably the only thing that we could do now is pray for hope...even though it's a slim hope. It's indeed a sad year for the country with the third case happening in 2014....with only a few more days to 2015.

It's bad for the public, for the country and for the aviation industry....today's stocks related to AirAsia came under pressure as a result of the missing airplane. MAS will be removed from the main market of Bursa Malaysia Securities from 31 December 2014.

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