EgyptAir Flight 804 Possible Terrorist Attack

EgyptAir Flight 804 Possible Terrorist Attack

EgyptAir Flight 804 Believed Crashed in Med

Flight MS804, an Airbus 320, left Charles de Gaulle Airport in Paris at 11:09 p.m. local time (2109 GMT) on Wednesday and was expected to arrive in Cairo by 03:00 a.m.

The possibility of a terrorist attack is more likely than a technical failure, Egyptian Aviation Minister Sherif Fathy said at a media conference in Cairo on Thursday.

According to the Greek Defense Ministry, the plane made “sudden swerves” just before going off radar.

“At 03:39 a.m. the course of the aircraft was south and southeast of Kassos and Karpathos (islands). Immediately after it entered Cairo FIR and made swerves and a descent I describe – 90 degrees left and then 360 degrees to the right,” Defense Minister Panos Kammenos told a news conference.

A search and rescue operation involving Egyptian, Greek and French military aircraft and ships and a number of civilian vessels is under way in the southern Mediterranean. Hours into the operation, the Greeks reportedly found two objects floating in the sea 50 miles southeast of the area where the plane dropped off radar.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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