An Indian Air Force Antonov An-32 transport aircraft. A plane of the same model disappeared nearly eight years ago with 29 people on board. AFP
An Indian Air Force Antonov An-32 transport aircraft. A plane of the same model disappeared nearly eight years ago with 29 people on board. AFP
An Indian Air Force Antonov An-32 transport aircraft. A plane of the same model disappeared nearly eight years ago with 29 people on board. AFP
An Indian Air Force Antonov An-32 transport aircraft. A plane of the same model disappeared nearly eight years ago with 29 people on board. AFP

India finds debris of plane that vanished in 2016 with 29 on board


Taniya Dutta
  • English
  • Arabic

The wreckage of a military transport plane that mysteriously disappeared off India's coast eight years ago with 29 passengers on board is believed to have been found.

The Indian Air Force An-32 aircraft was reported missing in July 2016, soon after taking off from the southern city of Chennai. It was heading to Port Blair, in the Bay of Bengal.

The disappearance led to one of the largest search and rescue operations by India as it deployed dozens of aircraft and ships to scour the sea, but neither the missing passengers nor the aircraft's wreckage were found.

The Indian Defence Ministry said on Friday that an underwater drone with deep-sea exploration capabilities spotted debris on the seabed about 310km from Chennai's coast.

The search was conducted at a depth of 3,400m, using advanced Sonar detection methods and cameras, the Ministry said.

The images were scrutinised and found to be conforming with an An-32 aircraft, it added.

“This discovery at the probable crash site, with no other recorded history of any other missing aircraft report in the same area, points to the debris as possibly belonging to the crashed IAF An-32,” officials said.

The National Institute of Ocean Technology said the drone, which can dive up to 6,000m without any cables or tethers, was being tested in the area for exploration of mineral resources when it came across the plane debris.

“We tested that equipment in this area and found some strong reflection in its Sonar. Then we dived further and found some objects,” the institute's director G A Ramadass said.

“We photographed these objects and shared them with Indian Air Force through our ministry, and the IAF confirmed that this was the debris of the missing aircraft," he added.

Missing plane

The Russian-made Antonov An-32 plane is a medium tactical transport aircraft that can carry up to 39 troops and five crew members, and one of the main transport aircraft for the Indian defence forces.

The plane that disappeared was carrying 11 Indian Air Force personnel, six crew members, two Indian Army soldiers, one Indian Navy and one Indian Coast Guard personnel and eight civilians working for the Defence Ministry.

They were on a weekly trip to Port Blair and the aircraft took off from Chennai at 8am.

It was scheduled to land at the naval air station at 11.45am but, only an hour later, radar contact with the aircraft was lost.

The aircraft was reportedly not fitted with an underwater locator beacon, which made the search operations difficult.

The search operation was called off after two months and the people on board were presumed dead.

“Now, the bereaved families will finally get closure. My deepest condolences to them again,” Union Minister Kiren Rijiju said.

The drone-assisted recovery could revive hopes for the search of the missing Malaysian Airlines flight MH370, which crashed on the way from Kuala Lumpur to Beijing in 2014, with 239 people on board.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

Rating:2/5

MATCH INFO

Norwich 0

Watford 2 (Deulofeu 2', Gray 52')

Red card: Christian Kabasele (WatforD)

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

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if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5

Dubai Women's Tour teams

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Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport 
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club 
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team

Updated: January 12, 2024, 5:59 PM