This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Continental Convicted in Concorde Crash

By the Financial Times

Continental Airlines and a mechanic at the airline were found guilty in a French court of involuntary manslaughter on Monday for their role in the 2000 Air France Concorde crash that killed 113 people grounded the supersonic airliner for good.

A French court led by Judge Dominique Andreassier cleared three French aviation officials - Henri Perrier, Claude Frantzen and Jacques Herubel - of wrongdoing in the crash of a Concorde jet outside Paris 10 years ago. Andreassier is still reading the verdict in the case and hasn't issued a final judgment

The Air France flight crashed shortly after take-off from Paris's Charles de Gaulle-Roissy airport, plunging into a hotel and killing all 100 of its mostly German passengers, the flight crew and four people on the ground.

Crash investigators found that just before leaving the runway, the Concorde hit a titanium strip that had fallen off a Continental DC-10 jet minutes before.

The strip burst one of the tyres and the debris punched a hole in the aircraft's wing fuel tank, which subsequently caught fire, and led to loss of control of the aircraft.

Henri Perrier, 81, who was head of the Concorde programme from 1978 to 1994, is accused of ignoring several warnings over weaknesses in the fuel tanks after a number of incidents involving burst tyres.

Air France paid out millions in compensation to the families of the victims and is pursuing Continental for negligence in a civil suit, which has been suspended pending the verdict of the criminal trial on Monday.

Prosecutors in the criminal case, who argue that proper maintenance procedures were not followed in applying the titanium strip, have called for a €175,000 ($275,000) fine for the US airline, and suspended prison sentences for three of the five individuals involved.

Continental had argued that the Concorde's undercarriage was on fire some 700m before it hit the titanium strip. This version of events has been rejected by civil and judicial investigators.

Concorde flights were suspended for 16 months after the crash and only resumed after extensive modifications to the fuel tanks. Air France and British Airways, the only two operators of the supersonic aircraft, grounded it for good in 2003.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.27 0.00%
FB $101.00 0.00%
GOOG $684.12 0.00%
TSLA $143.67 0.00%
YHOO $27.10 0.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs