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A finalist on “American Idol” has died in a vehicle crash in Tennessee
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Press Release
–
Oct 12, 2022
DENVER, October 12, 2022 (Newswire.com)
–
Veteran private equity fund manager Richard Waryn has joined forces with transportation and logistics entrepreneur Todd Harman and M&A specialist Michael Seeley to form Ridgefield Partners LLC, a top-tier mergers & acquisitions and strategic advisory firm serving the middle-market. According to Waryn, “Our objective is to bring world-class client service to a historically underserved market segment.”
Ridgefield is focusing on serving sell-side and buy-side clients in a wide range of sectors in the $10 million to $150 million enterprise value size range. The principals of the firm have particular expertise in transportation and logistics, construction, and business services. Collectively, the Ridgefield team has closed deals all over the world across a wide variety of sectors including transportation, infrastructure, telecommunications, retail, manufacturing, and technology.
In addition to the founders, Stephen Boane will join the firm as Senior Managing Director. In addition to his background in private equity and investment banking, Boane also built up and sold Traemand, the largest kitchen installation services provider to IKEA. He sold Traemand in 2018. Boane brings tremendous insight into the business services sector and a deep understanding of what it means to own, operate, and sell a business.
Todd Harman added, “Our real objective is to help business owners maximize the value of their businesses, whether that means selling them immediately or positioning them for later sale or merger.”
Mike Seeley added, “Almost everyone that you will work with at Ridgefield has owned, operated, and sold a business of their own. We combine technical experience and rigor with the perspective of having been operators. This experience makes a difference both in valuation and how the transaction proceeds. Very few advisors can make that claim. I’m humbled to be working alongside a team of people who can.”
About Ridgefield Partners
Ridgefield Partners is a specialized mergers & acquisitions firm servicing middle-market companies throughout North America. Ridgefield combines a proven track record in M&A, private equity, and investment banking with the perspective of having owned, operated, and sold businesses as principals. The firm has offices in Denver, Seattle, Portland, and Nashville. Visit https://www.ridgefieldpartners.com/ for more information.
Contact:
Michael Seeley
Phone: (425) 403-2605
mseeley@ridgefieldpartners.com
Source: Ridgefield Partners
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TOKYO (AP) — Asian shares were mostly lower on Wednesday following another volatile day on Wall Street, as traders braced for updates on inflation and corporate earnings.
Benchmarks fell in Tokyo
NIY00,
Shanghai
SHCOMP,
and Hong Kong
HSI00,
but rose in Sydney.
South Korea’s Kospi
180721,
lost 0.1% to 2,189.86 after the Bank of Korea raised its key rate by 0.5 percentage point, amid the backdrop of Fed rate hikes in the U.S. and growing inflation risks from the weak won and rebounding global oil prices.
In currency trading the Japanese yen declined to a 24-year low against the U.S. dollar
JPYUSD,
at 146 yen-levels, raising expectations of another intervention by Tokyo to prop up the yen. By midday the dollar
USDJPY,
was at 146.17 yen, up from 145.80 late Tuesday. The euro
EURUSD,
cost 96.96 cents, inching down from 97.07 yen.
The weaker yen raises costs for both consumers and businesses who rely on imports of food, fuel and other needs, but the bigger purchasing power for foreign currencies is expected to boost tourism. Japan reopened fully to individual tourist travel this week after being closed for more than two years because of the pandemic.
Japan’s benchmark Nikkei 225 lost 0.2% to 26,348.73 in morning trading. Australia’s S&P/ASX 200
ASX10000,
gained nearly 0.2% to 6,656.00. Hong Kong’s Hang Seng slipped 2% to 16,491.39, while the Shanghai Composite shed 1.2% to 2,943.24.
On Tuesday, the S&P 500
SPX,
fell 0.7%, marking its fifth straight loss, closing at 3,588.84. The Nasdaq
COMP,
dropped 1.1% to 10,426.19. The Dow Jones Industrial Average
DJIA,
added 0.1% to 29,239.19, while the Russell 2000 index
RUT,
rose 1 point, or about 0.1%, to 1,692.92.
Recession fears have been weighing heavily on markets as stubbornly hot inflation burns businesses and consumers. Economic growth has been slowing as consumers temper spending and the Federal Reserve and other central banks raise interest rates.
The International Monetary Fund on Tuesday cut its forecast for global economic growth in 2023 to 2.7%, down from the 2.9% it had estimated in July. The cut comes as Europe faces a particularly high risk of a recession with energy costs soaring amid Russia’s invasion of Ukraine.
Wall Street is closely watching the Federal Reserve as it continues to aggressively raise its benchmark interest rate to make borrowing more expensive and slow economic growth. The goal is to cool inflation, but the strategy carries the risk of slowing the economy too much and pushing it into a recession.
“The market desperately wants a reason for the Fed to be able to stop tightening and the data recently hasn’t given them that opening with respect to inflation,” said Willie Delwiche, investment strategist at All Star Charts.
Computer-chip manufacturers continued slipping in the wake of the U.S. government’s decision to tighten export controls on semiconductors and chip manufacturing equipment to China. Qualcomm
QCOM,
fell 4%.
Uber
UBER,
fell 10.4% and Lyft
LYFT,
slumped 12% following a proposal by the U.S. government that could give contract workers at ride-hailing and other gig economy companies full status as employees.
The Fed will release minutes from its last meeting on Wednesday, possibly giving Wall Street more insight into its views on inflation and next steps.
Investors still expect the Fed to raise its overnight rate by three-quarters of a percentage point next month, the fourth such increase. That’s triple the usual amount, and would bring the rate up to a range of 3.75% to 4%. It started the year at virtually zero.
Rex Nutting: Leading indicators show inflation is slowing, but Fed policy makers are too busy looking in rearview mirror to notice
The government will also release its report on wholesale prices Wednesday, providing an update on how inflation is hitting businesses. The closely watched report on consumer prices will be released on Thursday, and a report on retail sales is due Friday.
“Everyone is still hoping that every inflation report will be the one that shows that pressure is alleviating,” Delwiche said.
Wall Street is also gearing up for the start of the latest corporate earnings reporting season, which could provide a clearer picture of inflation’s impact.
Among the companies reporting quarterly results this week: PepsiCo
PEP,
Delta Air Lines
DAL,
and Domino’s Pizza
DPZ,
Banks including Citigroup
C,
and JPMorgan Chase
JPM,
will also report results.
In energy trading, benchmark U.S. crude
CL00,
lost 82 cents to $88.53 a barrel in electronic trading on the New York Mercantile Exchange. U.S. crude-oil prices fell 2% Tuesday. Brent crude
BRN00,
the international pricing standard, fell 62 cents to $93.67 a barrel.
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NASA says spacecraft crash changed an asteroid’s orbit in test to protect Earth from future threats
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A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company’s initial public offering in New York, U.S., on Aug. 11, 2021.
Michael Nagle | Bloomberg | Getty Images
Delta Air Lines, which has watched competitors map future plans with electric vertical takeoff and landing aircraft startups, is joining the growing list of airlines looking to make short trips to and from airports faster and easier.
The carrier is investing $60 million in startup Joby Aviation, which is planning to build and operate an electric vertical takeoff and landing aircraft, or eVTOL, effectively an air taxi.
Delta will also have an exclusive five-year partnership with Joby operating eVTOLs as part of the Delta network.
Delta CEO Ed Bastian envisions moving passengers to and from airports quicker and with less hassle.
“We’ll flash them an opportunity to enhance that experience by taking a Joby vehicle from someplace close to their home or their business right into the airport experience and cut out 50%, if not more, of their travel time on the ground.”
Initially, Joby and Delta will target eVTOL service to and from airports in New York City and Los Angeles, though the companies envision the service growing to other airports around the country and eventually overseas.
“The airport routes are the cornerstone routes for any city building really valuable infrastructure that is close to the terminal and can save customers time is critical,” Joby founder and CEO JoeBen Bivert told CNBC.
Delta’s deal with Joby means the three legacy airlines in the U.S. have all taken stakes with eVTOL startups.
American Airlines has invested $25 million in Vertical Aerospace and ordered 50 aircraft from the U.K. based company.
United Airlines has two eVTOL investments and aircraft orders. One for $15 million with Eve Air Mobility while ordering 200 aircraft. The other for $10 million with Archer Aviation and an order for 100 Archer eVTOLs.
In the last year, eVTOL stocks like Joby have struggled as investors moved away from pre-revenue companies.
When will that day come for Joby and other eVTOL companies? It depends on when their aircraft are certified and enter commercial service.
Some are targeting 2024, but Joby CEO Bivert won’t commit to a launch date. “There are pieces within our control and there are pieces that are not in our control, so I can’t give you a firm date,” he said.
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VIENNA, Ga. — A Georgia mayor helped a mother and three children escape from a sport utility vehicle that was stalled on railroad tracks with a train fast approaching.
Vienna Mayor Eddie Daniels was on his way to work Saturday morning when he saw the SUV in the dangerous position.
“I couldn’t let those babies sit there and get slaughtered by a train,” Daniels told WALB-TV.
He helped the mom out first, then saw three children in the backseat — a 6-year-old, a 3-year-old and a 1-year old. He said he got the two younger children out and was helping the 6-year-old when the train hit the vehicle.
Daniels said he remembers being caught between the train and the SUV but still managed to get the last child out. The smashed vehicle landed a few feet from where it was hit.
Daniels has a broken ankle and eight stitches on his head. He said he’s thankful the family is alive.
The second-term mayor also said he would have never imagined this happening in the south central Georgia city of 4,000 residents.
“I’m out here just doing God’s work. That’s what we’re supposed to do,” Daniels said. “And they told me I was a hero. I said I don’t feel like a hero, just feel like I’m doing what I’m supposed to do, what the people elected me to do.”
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PONTIAC, Mich. — What was supposed to be a 5 1/2-hour rail trip from Detroit to Chicago turned into a 19-hour ordeal for passengers on an Amtrak train that lost power, leaving them without light, heat or running toilets.
Wolverine Train 351 left Pontiac about 6 a.m. EDT Friday. Some passengers were so frustrated that they got off the train well before it finally reached Chicago on Saturday, just after midnight CDT, MLive.com reported.
Amtrak has apologized to passengers and offered transportation vouchers, MLive.com reported.
The problems began west of Ann Arbor. The train stopped there due to the power problem, Amtrak spokesman Jason Abrams said.
Electricity on Wolverine 351 went out once the engine lost power, according to passenger Katie Kobiljak, 23. That also meant the toilets didn’t flush.
“You could use the bathroom, but it was like using a port-a-potty and that’s not great,” she said.
Wolverine 351 was then connected to another passenger train that was to pull it to Chicago. Kobiljak said there was a lot of stopping and starting as officials tried to connect the trains.
The train stopped again near Jackson, Michigan, for a medical emergency and was there for two hours without power, Kobiljak said.
Abrams said the passenger who called for medical treatment remained on the train as it continued to Chicago.
But Kobiljak had enough and exited at Jackson.
“So, I was on the train for nine hours and only made it like halfway through the state,” she said.
A brake issue caused another stoppage, this time in northwestern Indiana, not far from Chicago.
Then there was another delay due to battery problems, Abrams said.
That’s when Michael Bambery, 48, decided to leave. He had boarded at 7:15 a.m. Friday in Ann Arbor. He arrived at his hotel about 16 hours later after paying $200 for a rideshare to finish the trip.
“No heat, no electricity and at this point it’s dark, so no lights,” he said. “They were cracking glowsticks to give us light. The toilets are overflowing because you cannot flush these toilets without electricity, so it smells awful. It’s really cold and there’s just a skeleton crew on board.”
Some passengers were able to open doors to the train and a couple dozen got off, Bambery said.
“We’re feeling like we can’t stay on this train anymore,” he said. “We’re getting no information from Amtrak. Again, we’re cold, hungry, people need to use the bathroom. It smells awful. And a percentage of people are having acute anxiety symptoms and screaming.”
Abrams told MLive.com that “due to the lateness of the combo train, some passengers elected to safely detrain in East Chicago (Indiana) and find alternate transportation.”
“Despite our best efforts, there are times when circumstances arise that are out of our control,” Amtrak wrote in its apology to passengers.
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NEW ORLEANS — Two people from a sunken fishing boat were fending off sharks in the Gulf of Mexico when a crew rescued them and one other person from waters off the Louisiana coastline, the Coast Guard said.
The Coast Guard launched a search after a relative reported the three people failed to return from a fishing trip Saturday evening.
The 24-foot (7.3-meter), center-console fishing boat sank about 10 a.m. Saturday and stranded the three people without communication devices, the Coast Guard said in a news release.
The three were wearing lifejackets and one was showing signs of hypothermia when they were rescued Sunday about 25 miles (40.2 kilometers) offshore from Empire, Louisiana, a small community southeast of New Orleans. They had been in the water more than 24 hours.
The news release said a Coast Guard boat crew saw two of the people fending off sharks, and both of them had injured hands. The crew pulled them from the water, and the two were lifted onto a helicopter. The helicopter crew lifted the third boater from the water.
The two injured people were taken to University Medical Center New Orleans, where they were listed as stable. The Coast Guard did not release their names and did not specify whether the injuries were from bites, from being scraped against sharks’ sandpaper-like skin or from another cause.
“If the family member had not notified the Coast Guard, and if these three boaters were not wearing life jackets, this could’ve been a completely different outcome,” said Lt. Cmdr. Kevin Keefe, a Coast Guard search and rescue mission coordinator in New Orleans.
The news release said Coast Guard crews in two boats, two planes and a helicopter searched about 1,250 square miles (3,237.5 square kilometers) of water, slightly larger than the size of Rhode Island.
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PARIS — Distraught families whose loved ones died in Air France‘s worst-ever crash on Monday shouted down the CEOs of the airline and of planemaker Airbus as the two companies went on trial on manslaughter charges for the 2009 accident over the Atlantic Ocean.
Cries of “Shame!” erupted in the courtroom after the executives took the stand.
The crash of storm-tossed Flight 447 en route from Rio de Janeiro to Paris killed all 228 people aboard and had lasting impact on the industry, leading to changes in regulations for airspeed sensors and in how pilots are trained.
The victims came from 33 countries, and families from around the world are among the plaintiffs in the case, fighting for more than a decade to see it come to trial.
“It’s very important that we made it to the trial stage. … Thirteen years of waiting, it is almost inhuman,” said German Bernd Gans, who lost his daughter Ines in the crash. Another man came to the trial with a sign reading: “French Justice. 13 Years Too Late.”
The official investigation found that multiple factors contributed to the crash, and the companies deny criminal wrongdoing. The two-month trial is expected to focus on pilot error and the icing over of external sensors called pitot tubes.
An Associated Press investigation at the time found that Airbus had known since at least 2002 about problems with the type of pitots used on the jet that crashed, but failed to replace them until after the crash.
Airbus CEO Guillaume Faury took the stand on the opening day to say: “I wanted to be present today, first of all to speak of my deep respect and deepest consideration for the victims; loved ones.”
“Shame on you!” family members retorted.
“For 13 years you have shown contempt for us!” one shouted.
Air France CEO Anne Rigail met similar emotions when she told the court she was aware of the families’ pain.
“Don’t talk to us about pain!” rose an angry voice.
The presiding judge called for calm and the proceedings resumed.
Air France has already compensated families of those killed. If convicted, each company faces potential fines of up to 225,000 euros ($219,000) — a fraction of their annual revenues. No one risks prison, as only the companies are on trial.
Still, the victims’ families see the trial itself as important after their long quest for justice, and aviation industry experts see it as significant for learning lessons that could prevent future crashes.
The A330-200 plane disappeared from radar over the Atlantic Ocean between Brazil and Senegal with 216 passengers and 12 crew members aboard.
As a storm buffeted the plane, ice disabled the plane’s pitot tubes, blocking speed and altitude information. The autopilot disconnected. The crew resumed manual piloting, but with erroneous navigation data. The plane went into an aerodynamic stall, its nose pitched upward and then it plunged into the sea on June 1, 2009.
It took two years to find the plane and its black box recorders on the ocean floor, at depths of more than 13,000 feet (around 4,000 meters).
Air France is accused of not having implemented training in the event of icing of the pitot probes despite the risks. It has since changed its training manuals and simulations. The company said it would demonstrate in court “that it has not committed a criminal fault at the origin of the accident” and plead for acquittal.
Airbus is accused of having known that the model of pitot tubes on Flight 447 was faulty, and not doing enough to urgently inform airlines and their crews about it and to ensure training to mitigate the risk. The model in question — a Thales AA pitot — was subsequently banned and replaced.
Airbus blames pilot error, and told investigators that icing over is a problem inherent to all such sensors.
The companies’ “image, their reputation” is at stake, said Philippe Linguet, who lost his brother on Flight 447. He expressed hope the trial would expose the failings of Airbus and Air France — two major players in the industry and in the French economy — to the world.
Daniele Lamy, who heads an association of victims’ families, said they are bracing for a difficult trial.
“We are going to have to unfortunately relive particularly painful moments,” she said. But she called the trial a welcome opportunity after prosecutors initially sought to close the case.
“This will allow the family to express themselves, to express their suffering over 13 years,” she said.
———
Angela Charlton and Masha Macpherson contributed to this report.
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FILE – Workers unload debris, belonging to the crashed Air France flight AF447, from the Brazilian Navy’s Constitution Frigate in the port of Recife, northeast of Brazil, June 14, 2009. It was the worst plane crash in Air France history, killing people of 33 nationalities and having lasting impact. It led to changes in air safety regulations, how pilots are trained and the use of airspeed sensors. (AP Photo/Eraldo Peres, File)
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PARIS — Nicolas Toulliou had just proposed marriage to his girlfriend. Nelson Marinho Jr. was heading off on a new oil exploration job. Eric Lamy was about to celebrate his 38th birthday.
They were among 228 people killed in 2009 when their storm-tossed Air France flight from Rio de Janeiro to Paris slammed into the Atlantic. After more than a decade of legal battles, their families have a chance at justice in a courtroom.
Aviation industry heavyweights Airbus and Air France are charged with manslaughter in a trial that opens Monday over the crash of Flight 447 on June 1, 2009. The worst plane crash in Air France history killed people of 33 nationalities and had lasting impact, leading to changes in air safety regulations, how pilots are trained and the use of airspeed sensors.
But it almost didn’t come to trial. The companies insist they are not criminally responsible, and Air France has already compensated families. Investigators argued for dropping the case, but unusually, judges overruled them and sent the case to court.
“We made a promise to our loved ones to have the truth for them and to ensure that they didn’t die for nothing,” Ophelie Toulliou, whose 27-year-old brother Nicolas was killed, told The Associated Press. “But we are also fighting for collective security, in fact, for all those who board an Airbus every day, or Air France, every day.”
She said the companies present themselves as “untouchable,” and that Airbus made no effort to address families’ concerns. “For them, we are nothing. They did not lose 228 people. They lost a plane.”
Few families in Brazil, which lost 59 citizens in the crash, can afford to travel to France for the trial. Some feel the French justice system has been too soft on Airbus and Air France — two industrial giants in which the French government has an ownership stake.
The trial is expected to focus on two key factors: the icing over of external sensors called pitot tubes, and pilot error.
The Airbus A330-200 disappeared from radars over the Atlantic Ocean between Brazil and Senegal with 216 passengers and 12 crew members aboard. The first debris was only spotted at sea five days later. And it wasn’t until 2011 that the plane — and its black box recorders — were located on the ocean floor, in an unprecedented search effort at depths of more than 13,000 feet.
France’s air accident investigation agency BEA found that the accident involved a cascading series of events, with no single cause.
As a storm buffeted the plane, ice crystals present at high altitudes disabled the pitot tubes, blocking speed and altitude information. The autopilot disconnected.
The crew resumed manual piloting, but with erroneous navigation data. The plane went into an aerodynamic stall, its nose pitched upward. And then it plunged.
The pilots ”did not understand what was happening to them. A difficulty of interpretation, in an all-digital aircraft like all the aircraft in the world today — well, it’s easy to be wrong,” said Gerard Feldzer, a former pilot and pilot trainer for Air France.
He said he and pilots around the world asked themselves afterward “if it had been me, would I have acted in the same way? It has been a very difficult question to answer.”
No one risks prison in this case; only the companies are on trial. Each faces potential fines of up to 225,000 euros — a fraction of their annual revenues — but they could suffer reputational damage if found criminally responsible.
Nelson Marinho, whose son Nelson Jr was killed, is angry that no company executives will be tried.
“They have changed various directors, both at Airbus and Air France, so who will they arrest? No one. There won’t be justice. That’s sadly the truth,” Marinho, a retired mechanic who leads a support group for victims’ families, told The AP.
Air France is accused of not having implemented training in the event of icing of the pitot probes despite the risks.
In a statement, the company said it would demonstrate in court “that it has not committed a criminal fault at the origin of the accident” and plead for acquittal.
Air France has since changed its training manuals and simulations. It also provided compensation to families, who had to agree not to disclose the sums.
Airbus is accused of having known that the model of pitot tubes on Flight 447 was faulty, and not doing enough to urgently inform airlines and their crews about it and to ensure training to mitigate the resulting risk.
An AP investigation at the time found that Airbus had known since at least 2002 about problems with pitots, but failed to replace them until after the crash. The model in question — a Thales AA pitot — was subsequently banned and replaced.
Airbus blames pilot error, and told investigators that icing over is a problem inherent to all such sensors.
“They knew and they did nothing,” said Danièle Lamy, president of an association of victims’ families that pushed for a trial. “The pilots should never have found themselves in such a situation, they never understood the cause of the breakdown and the plane had become unpilotable.”
Lamy lost her son Eric a few days before his 38th birthday. She has struggled ever since to find out the truth.
“The plane had sent messages to the ground about the problem but had not warned the pilots. It’s as if you were driving a car at 130 (kph, about 80 mph), your brakes were no longer working but the car sent the alert to the mechanic and not to the driver,” Lamy told the AP.
She is among 489 civil parties to the trial, which is scheduled to last through December.
The crash forced Airbus and Air France to be more transparent and reactive, Feldzer said, noting that the trial will be important for the aviation industry as well as for families.
“The history of aviation security is made from this, from accidents,” Feldzer said.
———
This story corrects the type of plane to A330-200 and corrects the spelling of Toulliou’s last name.
———
Vaux-Montagny reported from Lyon, France. David Biller in Rio de Janeiro and Angela Charlton in Paris contributed.
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PARIS — Nicolas Toulliou had just proposed marriage to his girlfriend. Nelson Marinho Jr. was heading off on a new oil exploration job. Eric Lamy was about to celebrate his 38th birthday.
They were among 228 people killed in 2009 when their storm-tossed Air France flight from Rio de Janeiro to Paris slammed into the Atlantic. After more than a decade of legal battles, their families at last have a chance at justice.
Aviation industry heavyweights Airbus and Air France are charged with manslaughter in a trial that opens Monday over the crash of Flight 447 on June 1, 2009. The worst plane crash in Air France history killed people of 33 nationalities and had lasting impact, leading to changes in air safety regulations, how pilots are trained and the use of airspeed sensors.
But it almost didn’t come to trial. The companies insist they are not criminally responsible, and Air France has already compensated families. Investigators argued for dropping the case, but unusually, judges overruled them and sent the case to court.
“We made a promise to our loved ones to have the truth for them and to ensure that they didn’t die for nothing,” Ophelie Toulliou, whose 27-year-old brother Nicolas was killed, told The Associated Press. “But we are also fighting for collective security, in fact, for all those who board an Airbus every day, or Air France, every day.”
She said the companies present themselves as “untouchable,” and that Airbus made no effort to address families’ concerns. “For them, we are nothing. They did not lose 228 people. They lost a plane.”
Few families in Brazil, which lost 59 citizens in the crash, can afford to travel to France for the trial. Some feel the French justice system has been too soft on Airbus and Air France — two industrial giants in which the French government has an ownership stake.
The trial is expected to focus on two key factors: the icing over of external sensors called pitot tubes, and pilot error.
The Airbus A300-200 disappeared from radars over the Atlantic Ocean between Brazil and Senegal with 216 passengers and 12 crew members aboard. The first debris was only spotted at sea five days later. And it wasn’t until 2011 that the plane — and its black box recorders — were located on the ocean floor, in an unprecedented search effort at depths of more than 13,000 feet.
France’s air accident investigation agency BEA found that the accident involved a cascading series of events, with no single cause.
As a storm buffeted the plane, ice crystals present at high altitudes disabled the pitot tubes, blocking speed and altitude information. The autopilot disconnected.
The crew resumed manual piloting, but with erroneous navigation data. The plane went into an aerodynamic stall, its nose pitched upward. And then it plunged.
The pilots ”did not understand what was happening to them. A difficulty of interpretation, in an all-digital aircraft like all the aircraft in the world today — well, it’s easy to be wrong,” said Gerard Feldzer, a former pilot and pilot trainer for Air France.
He said he and pilots around the world asked themselves afterward “if it had been me, would I have acted in the same way? It has been a very difficult question to answer.”
No one risks prison in this case; only the companies are on trial. Each faces potential fines of up to 225,000 euros — a fraction of their annual revenues — but they could suffer reputational damage if found criminally responsible.
Nelson Marinho, whose son Nelson Jr was killed, is angry that no company executives will be tried.
“They have changed various directors, both at Airbus and Air France, so who will they arrest? No one. There won’t be justice. That’s sadly the truth,” Marinho, a retired mechanic who leads a support group for victims’ families, told The AP.
Air France is accused of not having implemented training in the event of icing of the pitot probes despite the risks.
In a statement, the company said it would demonstrate in court “that it has not committed a criminal fault at the origin of the accident” and plead for acquittal.
Air France has since changed its training manuals and simulations. It also provided compensation to families, who had to agree not to disclose the sums.
Airbus is accused of having known that the model of pitot tubes on Flight 447 was faulty, and not doing enough to urgently inform airlines and their crews about it and to ensure training to mitigate the resulting risk.
An AP investigation at the time found that Airbus had known since at least 2002 about problems with pitots, but failed to replace them until after the crash. The model in question — a Thales AA pitot — was subsequently banned and replaced.
Airbus blames pilot error, and told investigators that icing over is a problem inherent to all such sensors.
“They knew and they did nothing,” said Danièle Lamy, president of an association of victims’ families that pushed for a trial. “The pilots should never have found themselves in such a situation, they never understood the cause of the breakdown and the plane had become unpilotable.”
Lamy lost her son Eric a few days before his 38th birthday. She has struggled ever since to find out the truth.
“The plane had sent messages to the ground about the problem but had not warned the pilots. It’s as if you were driving a car at 130 (kph, about 80 mph), your brakes were no longer working but the car sent the alert to the mechanic and not to the driver,” Lamy told the AP.
She is among 489 civil parties to the trial, which is scheduled to last through December.
The crash forced Airbus and Air France to be more transparent and reactive, Feldzer said, noting that the trial will be important for the aviation industry as well as for families.
“The history of aviation security is made from this, from accidents,” Feldzer said.
———
This story corrects the spelling of Toulliou’s last name.
———
Vaux-Montagny reported from Lyon, France. David Biller in Rio de Janeiro and Angela Charlton in Paris contributed.
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SEATTLE — Federal authorities have issued a warning about a part of the tail in the type of seaplane that crashed in Washington state’s Puget Sound last month, killing 10 people.
The Seattle Times reports that the Federal Aviation Administration has issued an emergency airworthiness directive concerning Otter seaplanes. Released Tuesday, the directive warned of potential cracks and corrosion in a part called the elevator, a movable surface of the horizontal tail that controls the plane’s pitch.
The newspaper reported the warning was not the result of the investigation into the Sept. 4 crash off Whidbey Island.
According to the directive, federal officials received “multiple recent reports” of cracks in the elevator.
The sudden failure of the elevator can cause a plane to abruptly go nose-down, similar to witness reports of how last month’s crash in the waters northwest of Seattle looked, said Douglas Wilson, a Seattle-based seaplane pilot and president of aviation consulting firm FBO Partners.
The plane in the fatal Washington state crash was a de Havilland Canada DHC-3 Otter turboprop operated by Renton-based Friday Harbor Seaplanes.
Todd Banks, president of Kenmore Air, which flies similar Otter seaplanes, said investigators could be looking at many possibilities about what caused the crash.
He did say the timing of the FAA directive was notable, and a problem with the control surface on the tail could be a part of the probe.
An FAA spokesperson said “the investigation is ongoing. No cause has been determined.”
The FAA directive about Otter seaplanes orders “repetitive detailed visual inspections of the entire left-hand elevator auxiliary spar for cracks, corrosion, and previous repairs, and depending on the findings, replacement of the left-hand elevator auxiliary spar.”
The wording requires urgent action, indicating the danger is considered serious.
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BERLIN — A train communications system in Germany was targeted by sabotage Saturday, forcing both passenger and cargo trains to halt for nearly three hours across the northwest of the country, authorities said.
Operator Deutsche Bahn said early Saturday that no long-distance or regional trains were running in the states of Hamburg, Schleswig-Holstein, Lower Saxony and Bremen. That also affected trains between Berlin and Cologne, neither of which was directly affected by the system failure, and between Berlin and Amsterdam, while trains from Denmark weren’t crossing the border into Germany.
The sabotage hit a primary mode of regional and intercity transport in Germany as well as disrupting supply lines for industries using cargo trains.
After the nearly three-hour suspension, Deutsche Bahn said the problem — a “failure of the digital train radio system” — had been resolved but that some disruptions could still be expected. It later said the outage was caused by sabotage.
Transport Minister Volker Wissing said cables that are “essential for handling railway traffic safely” were deliberately severed at two separate locations. He said Germany’s federal police were investigating the incident.
Federal police said the crime scenes were in a Berlin suburb and in the western state of North Rhine-Westphalia, German news agency dpa reported. There was no immediate word on who might have been responsible.
“We can’t say anything today either about the background to this act or the perpetrators,” Wissing said. “The investigation will have to yield that.”
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BERLIN — A train communications system in Germany was targeted by sabotage Saturday, forcing both passenger and cargo trains to halt for nearly three hours across the northwest of the country, authorities said.
Operator Deutsche Bahn said early Saturday that no long-distance or regional trains were running in the states of Hamburg, Schleswig-Holstein, Lower Saxony and Bremen. That also affected trains between Berlin and Cologne, neither of which was directly affected by the system failure, and between Berlin and Amsterdam, while trains from Denmark weren’t crossing the border into Germany.
The sabotage hit a primary mode of regional and intercity transport in Germany as well as disrupting supply lines for industries using cargo trains.
After the nearly three-hour suspension, Deutsche Bahn said the problem — a “failure of the digital train radio system” — had been resolved but that some disruptions could still be expected. It later said the outage was caused by sabotage.
Transport Minister Volker Wissing said cables that are “essential for handling railway traffic safely” were deliberately severed at two separate locations. He said Germany’s federal police were investigating the incident.
Federal police said the crime scenes were in a Berlin suburb and in the western state of North Rhine-Westphalia, German news agency dpa reported. There was no immediate word on who might have been responsible.
“We can’t say anything today either about the background to this act or the perpetrators,” Wissing said. “The investigation will have to yield that.”
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NEW DELHI — A bus caught fire after hitting a truck on a highway in western India early Saturday, killing at least 11 passengers, an official said.
Another 24 people were injured and taken to a hospital in Nashik, a city in Maharashtra state, said Eknath Shinde, the top state elected official.
Most passengers were sleeping when the bus caught fire around 5 a.m. and the vehicle was completely burned, the Press Trust of India news agency said.
Shinde said the cause of the fire is being investigated.
Nashik is nearly 200 kilometers (120 miles) northeast of Mumbai, the capital of Maharashtra.
Hundreds of thousands of people are killed or injured annually on India’s roads. Most accidents are blamed on reckless driving, poorly maintained roads and aging vehicles.
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Elon Musk
Mike Blake | Reuters
Tesla shares dropped nearly 16% during what CEO Elon Musk called a “very intense 7 days indeed” to one of his 108 million followers on Twitter.
Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close one week later, Tesla shares were trading at $223.07, a decline of nearly 16%. It was the worst week for the stock since Mar. 2020, when the Covid-19 pandemic began to grip the U.S., shutting down businesses and public life.
Over the weekend, Tesla reported electric vehicle production and delivery numbers that did not meet analysts’ expectations.
On Monday, Musk proceeded to stir up a political firestorm by opining about how he thought Russia’s brutal invasion of Ukraine should be resolved.
After that, public records revealed that Musk had informed the Delaware Chancery Court that he would complete a $44 billion acquisition of Twitter in October, a deal he had been trying to evade for months.
According to estimates compiled by FactSet-owned Street Account, analysts had been expecting Tesla to report deliveries of 364,660 cars for the period ending September 30, 2022.
But last weekend, Tesla reported deliveries of 343,000 total, and production of 365,000 electric cars — despite having started production at two new factories in Brandenburg, Germany, and Austin, Texas.
Analysts wondered if Tesla now faces demand erosion in China, where it is facing the steepest competition from BYD, the Warren Buffet-backed lithium ion battery and electric vehicle maker.
Tesla also held an engineer recruiting event late on Friday last week in which it trotted out a rough, early prototype of a humanoid robot and talked about remaining challenges and progress in developing self-driving technology that can turn its cars into robotaxis with a software update.
The robot demo failed to impress industry insiders but its potential captivated some fans and bullish analysts.
On Monday, Musk posted a Twitter poll gauging support for what he claimed was a likely outcome of the seven-month conflict between Russia and Ukraine.
He suggested new UN-supervised votes in Ukraine on whether certain divisions of the democratic nation under siege should join Russia. He also suggested Ukraine should cede Crimea to Russia, and that the nation should then remain “neutral” rather than aligning with either NATO or Russia.
The Kremlin praised Musk, but he drew sharp criticism from many others including Ukraine President Zelenskyy, Ukraine ambassador to Germany Andrij Melnyk, South Carolina Senator Lindsay Graham and anti-Putin human rights activist and former chess champion Garry Kasparov.
Kasparov, who sought to block Putin’s rise to power and was jailed and beaten for his activism before fleeing the country, described Musk’s plan as a “repetition of Kremlin propaganda.”
While Musk originally agreed to buy Twitter in April 2022, he spent months after that accusing the company of lying about its user metrics in financial filings, while fighting in court to get out of the deal he proposed.
Twitter had sued Musk to make sure the deal would go ahead as promised, seeing a windfall for its shareholders. Facing a deposition this week, and with a trial start-date looming, Musk sent a letter to Twitter and the court this week saying he would take the company private at $54.20 per share after all. He wanted Twitter, or the court, to stay the litigation, and a judge gave him until October 28th to wrap up the deal or proceed to trial.
The Tesla and SpaceX CEO may have to sell another chunk of his shares of Tesla to finance the Twitter acquisition. He will only be able to do so on or after Oct.19, when the electric vehicle maker reports its third-quarter earnings.
Despite his volatile week, Musk at least notched a historic professional achievement at his re-usable rocket venture, SpaceX. The company launched four people to the International Space Station from Cape Canaveral, Florida on Wednesday.
The mission is SpaceX’s fifth operational crew launch for NASA to date and the company’s eighth human spaceflight in just over two years. One of the people to fly with SpaceX on this latest mission is Russian cosmonaut Anna Kikina.
Musk also boasted about the start of production of the years-delayed Tesla Semi, a heavy-duty all-electric truck, and promised that the company would deliver some of the trucks to Pepsi by Dec. 1.
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A close up look at Astra’s LV0008 rocket at LC-46 in Cape Canaveral, Florida.
John Kraus / Astra
Embattled small rocket-builder Astra revealed Friday that it received a delisting warning from the Nasdaq after its stock spent 30 consecutive days below $1 per share, a violation of the exchange’s requirements.
The company has 180 days to lift its share price or face delisting, according to a regulatory filing.
Astra stock closed Friday at 59 cents per share, down more than 90% this year and more than 95% off its 52-week high of $13.58. The company debuted on the Nasdaq in July 2021 via a merger with a special purpose acquisition company.
Astra did not immediately return request for comment Friday on the delisting warning.
The rocket builder has been saddled with quarterly losses and in August said it was pausing flights for the remainder of the year.
“Whether we’ll be able to commence commercial launches in 2023 will depend on the success of our test flights” for a new rocket system, CEO Chris Kemp said during the company’s second-quarter conference call.
Astra is also facing a Federal Aviation Administration investigation into a failed rocket launch in June that was carrying a pair of satellites for NASA’s TROPICS-1 mission. The company was unable to deliver the satellites to orbit, and NASA put the remaining two launches it had contracted from Astra on hold.
— CNBC’s Michael Sheetz contributed to this report.
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DENVER — A police officer in Colorado who arrested a woman who was seriously injured when the parked patrol car she was in was struck by a freight train said he did not realize he had stopped the vehicle on the railroad tracks, according to police body camera video.
In video obtained by KUSA-TV on Thursday, Platteville Sgt. Pablo Vazquez told another officer that he thought he had cleared the tracks when he stopped Yareni Rios-Gonzalez on Sept. 16 in a suspected road rage case involving a gun. He said he pulled up right behind her truck and was focused on her because he was concerned about weapons.
Vazquez also said he did not know another officer he was working with from a nearby department had put Rios-Gonzalez in Vasquez’s patrol vehicle until after it was hit by the train. He said the “saving grace” was that the other officer put Rios-Gonzalez on the side of the vehicle not usually used for people who are arrested.
Rios-Gonzalez’s injuries included nine broken ribs, a broken arm and a fractured sternum. Her lawyer, Paul Wilkinson, has said he plans to file a lawsuit against police.
Previously released video from Vazquez’s body camera show him and another officer searching Rios-Gonzalez’s truck as the train approaches and its horn is blaring. Vazquez asks the other officer several times over the sound of the train’s rumbling whether Rios-Gonzalez was in the patrol vehicle and she responds, one hand to her face, “Oh my God, yes, she was!”
Other police video shows officers scrambling as the train approaches and slams into the vehicle.
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ATHENS, Greece — At least 15 people have died as two boats carrying migrants sank in Greek waters late Wednesday, and rescuers were looking for dozens still missing, authorities said early Thursday. The coast guard said 15 bodies had been recovered near the eastern island of Lesbos after a dinghy carrying about 40 people sank. Five people were rescued and three had been located on a rocky outcrop near the site of the sinking. A second rescue effort was launched several hundred kilometers (miles) to the west, near the island of Kythira, where a sailboat carrying about 100 migrants hit rocks and sank late Wednesday.
Officials said 30 people had been rescued after that boat hit rocks off the village port of Diakofti on the east of the island. Winds in the area were up to 70 kph (45 mph).
“We could see the boat smashing against the rocks and people climbing up those rocks to try and save themselves. It was an unbelievable sight,” Martha Stathaki, a local resident told The Associated Press. “All the residents here went down to the harbor to try and help.”
Fire service rescuers lowered ropes to help migrants climb up cliffs on the seafront. Local officials said a school in the area would be opened to provide shelter for the rescued. Navy divers were also expected to arrive Thursday.
Most migrants reaching Greece travel from neighboring Turkey, but smugglers have changed routes in recent months in an effort to avoid heavily patrolled waters around Greek islands near the Turkish coastline.
Kythira is some 400 kilometers (250 miles) west of Turkey and on a route often used by smugglers to bypass Greece and head directly to Italy. ——— Full coverage: https://apnews.com/hub/migration
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