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  • stocktalk168 stocktalk168 Sep 27, 2007 6:48 PM Flag

    Hold

     

    Target $29.92. Above the 50-day. New green bar. Undervalued
    airline. http://moststockmistakes.blogspot.com/

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    • Nothing new here, but this is worth reading:

      Probe blames air controllers for Amazon crash

      In an action likely to bolster the standing of ExcelAire and its two Long Island pilots in both criminal and civil cases, the Brazilian military's internal investigation places most of the blame for last September's fatal crash on its own controllers
      The investigation, detailed Tuesday by a Sao Paulo newspaper, indicts five controllers, with charges of "reckless behavior" and failure to act to avoid the midair crash.
      The document assigns lesser blame to Joe Lepore, of Bay Shore, and Jan Paladino, of Westhampton Beach. Joel R. Weiss, their Uniondale attorney, said the report proves what the pilots have long contended -- that problems with the Brazilian air traffic control system, as well as the controllers themselves, led to the crash.
      More than 150 people died when the Long Island pilots' small business jet collided with a Gol airliner over the Amazon jungle Sept. 29, 2006.
      The report says one controller knew the ExcelAire plane was at a different altitude than the system was reporting and did nothing to correct it while another assigned the plane the wrong radio frequency so the pilots could not communicate with the towers.
      Other investigations have shown that for some period before the crash, the pilots were unable to communicate with the towers.
      http://www.newsday.com/news/local/longisland/ny-licras1003,0,6372110.story?c oll=ny_home_rail_headlines

 
GOL
6.23+0.07(+1.14%)Aug 19 4:01 PMEDT

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