Search for MH370: families have mixed feelings over possible discovery of plane debris


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KUALA LUMPUR // Jacquita Gomes is torn about whether to believe that plane debris found more than 16 months after the mysterious disappearance of Malaysia Airlines flight 370 may be the first concrete evidence her husband is truly gone.

Not believing could allow her to keep alive the hopes of many relatives that the airliner and her husband, a flight attendant, landed somewhere unscathed in a hijacking plot.

However, the discovery this week of a Boeing 777 wing component on an Indian Ocean island seemed to make that possibility more remote than ever.

“One part of me, I want it to be true,” Ms Gomes said of the debris found on the French island of Reunion, “so I can put my husband Patrick to rest. It’s been one year, I want him to be at peace.”

But, she added: “The other part of me, I don’t want it to be true, so there is hope for good news. You know, there has been news that people are released after being kidnapped for one year, so there can always be hope for good news if this is not real.”

Relatives of the 239 people aboard the flight — nearly two-thirds of them from China — have been in limbo since the plane disappeared on March 8, 2014, while en route from Kuala Lumpur to Beijing.

For months, nothing was found. Malaysian authorities eventually concluded the plane went down in the southern Indian Ocean, citing satellite data, but many relatives refused to accept such a conclusion without concrete evidence.

US aviation investigators now say there’s a “high degree of certainty” that a wing part known as a “flaperon” found on Reunion in the western Indian Ocean close to Madagascar belongs to a Boeing 777. The MH370 is the only such aircraft known to be missing.

However, many relatives remain sceptical and are waiting for more definitive word.

“I’ve not slept the whole night — really nervous anticipating the news,” Elaine Chew said from Kuala Lumpur. Her husband, David Tan Size Hiang, was also a flight attendant on the plane.

Chinese relatives of those on board said they wanted authorities to be 100-per-cent certain the part was from MH370. Even then, they say, it should not dampen the resolve to find the rest of the wreckage, the whereabouts of all the passengers and the reasons for the disappearance.

The Reunion debris may finally rule out that missing passengers might still be alive, said Wang Zheng, an engineer in the southern Chinese city of Nanjing, whose father and mother, Wang Linshi and Xiong Deming, were aboard the flight as part of a group of Chinese artists touring Malaysia.

“All hope is truly gone now,” Mr Wang said. “I’m feeling very confused and emotional at the moment.”

However, Mr Wang also said that closure still remains a distant prospect for him.

“For now, we’ll just follow the investigation and see what it shows,” he said.

The disappearance has been difficult for relatives in China, where the culture places a heavy emphasis on finding and seeing the remains before true grieving and the process of moving on can begin.

Zhang Qian, whose husband Wang Houbin was among the 153 Chinese citizens aboard the flight, said she had seen reports of the discovery but remained unconvinced.

“We still can’t be sure. How could it have travelled so far?” Ms Zhang, 29, said. She quit her job after the accident and turned to Buddhism to find solace.

“They’ve given us so much contradictory information so far, how can we believe them now?” she said in a telephone interview in Beijing before breaking into sobs.

Sara Weeks in Christchurch, New Zealand, whose brother Paul Weeks was on flight 370, said it was hard to believe that, after so long, a large piece of the plane could show up.

“If it is from MH370, then I still have all the same questions: Where is it? Where is the rest of it? What happened to it?” Ms Weeks said. “It’s a great big gaping hole in everybody’s life,” Ms Weeks said. “We need to find out what happened to get closure, and move on.”

* Associated Press

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THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
Gender pay parity on track in the UAE

The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general. 

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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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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