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Oil Slicks and Debris Found in AirAsia Jet Disappearance

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Mark Melin
Published on
Updated on

An AirAsia (MYX: 5099) passenger jet with 162 people aboard has vanished as it traveled from Surabaya, Indonesia to Singapore Sunday. While some press reports say the prospects for finding the plane remain dim, USA Today is reporting that oil was spotted on the water and objects in the sea, but it was too early to determine if this was connected with the missing airliner.

Indonesian government on AirAsia

Indonesian Vice President Jusuf Kalla confirmed objects were located by an Australian Orion plane in the...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.