Plane skids off runway as heat melts tarmac in China’s Zhejiang

Plane skids off runway as heat melts tarmac in Zhejiang

Staff Reporter 2013-08-09


The Air China airbus, off the mark. (Photo/CFP); The wheels of the aircraft stuck on the runway. (Internet photo)

Seventy-four passengers aboard an Air China flight ended up off the runway when the plane skidded out of control at Yiwu airport in Zhejiang province in eastern China. Fortunately, no casualties were reported, according to the local Qianjiang Evening Post. The main wheels of flight CA4538 sunk into a pothole as it rolled down the runway when preparing to take off, which effectively disabled the aircraft. The airport was closed immediately after the accident. The passengers on the plane disembarked and the plane was moved onto a safe surface. More than 200 passengers in the airport were transferred to Xiaoshan airport in the provincial capital Hangzhou. The state of the asphalt was attributed to the record-setting heatwave currently affecting Zhejiang and most of south China where temperatures have risen above 40°C.


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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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