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  • "Dark Sides" Of A320 Crash: Who Will Be Left "Holding The Bag"

    "DARK SIDES" OF A320 CRASH: WHO WILL BE LEFT "HOLDING THE BAG"

    Regnum, Russia
    Nov 2 2006

    "The crash of Armavia's Airbus A320 near Sochi on May 3, 2006 was
    caused by the failure of the plane's navigation system," a reliable
    source from the air circles of France has told REGNUM.

    It says that "on the night of the crash, there was almost zero
    visibility in the area, and the pilot was guided exclusively by the
    commands of the controller and the parameters of the sensors."

    "During the landing, many passengers - due to their national
    peculiarity - began calling their relatives on their mobile phones
    in order to tell them that they were already arriving. The calls,
    first, disturbed and, then - during the second approach - upset the
    navigation system. The experts note that it was exactly after the
    second turn that something strange began to happen to the plane and
    the crew and the crash followed right afterwards."

    The source says that "the investigation is being dragged on because
    the sides are searching for the 'scapegoat,' and the Armavia company
    will certainly be the one - even though it is not guilty."

    "There are four concerned parties to this tragic story - Russia,
    Airbus, Armavia and the re-insurer. The insurance contract says that
    the beneficiary party is Airbus, but it also has a proviso that the
    party responsible for a crash should recompense the re-insurer's
    indemnity expenses. In this particular case, Airbus may be the guilty
    side and may be doing its best to conceal the information about
    the failure of the A320," says the source. It notes that "the point
    is not that Airbus has no money to pay the indemnity. Simply, the
    problems of such big companies are usually a matter of international -
    presidential-level - politics." The source notes that "exactly at that
    time Airbus was preparing to sell 150 planes to China (the relevant
    agreement was reached during the Chinese leader's visit to France)
    and the company was very much worried lest there might be a top-level
    scandal."

    "In fact, Airbus has ensured its immunity, while Russia will never take
    the blame for something it did not do. Meanwhile, the re-insurer wants
    his money back. The only way-out for the sides is to leave somebody
    'holding the bag' and Armavia will be the one. That's exactly why the
    Armenian side was minimally involved in the investigation. Armenia was
    not provided with all decoded data under the pretext that it might
    give publicity to secret information," says the source. "There was
    one more fact left. It was Armavia's second plane - an absolute copy
    of the crashed one, the plane that could be used for so-called bed
    tests and where one had 'suddenly' found the technical documentation
    of the crashed A320," says the source. To remind, the second A320
    burned down in a servicing hangar of the Belgian airport, with no
    tests ever conducted.

    Asked if it was possible to test another air liner of the same
    configuration, the source said that one should consider the fact that
    the company got the plane from "third-rate" countries. There is one
    more interesting circumstance: the black boxes were found only after
    the fire in the hangar in Belgium.

    The source notes that there are many "dark sides" in this story.

    "But the darkest side is the insurance of Armavia's plane. As you
    may know, at first, part of Armavia belonged to Sibir Airlines. Their
    insurer was a Russian company who insured Armavia's aviation risks for
    twice as much as on the market and used quite a strange reinsurance
    scheme. The risks were, first, given to the Malakut reinsurance broker
    (Russia), who gave them further to the United Brokers company. Only
    then the risks were reinsured on the British market," says the
    source. "The point is not even why they used two brokers, but that
    50% of the money disappeared somewhere between Malakut and United
    Brokers," says the source. "In fact, their objective was to pump
    out as much money from Armenia as possible. But the strangest thing
    is that Armavia's owner and re-insurer (Grand company) have changed
    but the scheme and the tariffs are the same. We can only guess who
    is receiving all this money," wonders the source.

    In fact, this version explains why Armavia's owner has decided to
    get rid of the company's shares.
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