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Stock impact report

Report finds a faulty component could have caused 'extensive damage' to Cathay Pacific jet [Yahoo! Finance Canada]

JAPAN AIRLINES UNSP/ADR (JAPSY) 
NASDAQ:AMEX Investor Relations: jal.com/en/investor/index2.html
caused a fire, forcing a Zurich-bound flight to return to Hong Kong , could have caused “extensive damage” to the aircraft. The report on the Sept. 2 incident by Hong Kong's Air Accident Investigation Authority said the steel braided sheath of a fuel hose connecting to a fuel spray nozzle was ruptured. Had the faulty component not been promptly detected and repaired, it could have escalated into a more serious engine fire. A preliminary investigation found soot on a section of the aircraft's core engine, indicating signs of a fire. Five other fuel hoses in the Cathay jet also were found to have either “frayed metal braids or collapsed structures,” the report said. Cathay Pacific said in a statement that it “acknowledged” the report. “Following the incident, Cathay Pacific immediately contacted the aircraft and engine manufacturers as well as the regulator,” the statement read. “As a precautionary measure, it proactively initiated a fleet-wide inspection of its Airbus A350 ai Show less Read more
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