Asiana Cargo 747-400 missing/crashed

[Fliteidol]

I too fear not much will be done until a freighter goes in to a populated area on an emergency return and there is collateral damage. Only then will the outcry change anything.

 

[hawkerflyer]

The are local news reports looking into last minute insurance policies taken by one of the pilots, I believe the captain. This could take an interesting twist.
As reported by the Chosun newspaper:

"One of the two crew on board the Asiana Airlines Boeing-747 cargo plane that crashed last week had taken out a number of insurance policies for property damage and one life assurance policy in a 20-day period beginning June 17, reports Korean paper Chosun. Choi Sang-ki and his co-pilot Lee Jung-woong remain missing after the plane crashed into waters off Jeju Island in the East China Sea, en route to Shanghai from Seoul. The plane crashed after reporting a mechanical problem and losing contact with air-traffic controllers. There was no rain in the area at the time of the crash, but there had been strong winds. The plane was listed as carrying 58 tons of semiconductors, electronic and machine parts, plus nearly half a ton of flammable cargo – thought to be mainly lithium batteries. One insurer notified the South Korean Financial Supervisory Service (FSS) that it had suspicions about the event, with the an FSS spokesman telling Chosun that "it seems unusual to sign up for such a raft of insurance policies at one time, but we cannot ascertain what Choi's real intentions were, so we have to wait until the cause of the accident is revealed". Mr Choi's family has responded that any such insinuations were an insult to the pilot. The black box has yet to be recovered, but the waters are at an average depth of 87m, meaning that there is a good chance that it will be recovered sooner rather than later. On Friday the US National Transportation Safety Board said that it would assist the South Korean investigation. After a UPS Boeing 747 crashed in September 2010 in Dubai, the US Federal Aviation Authority issued a safety alert relating to the fire hazard posed by lithium batteries, the flammability of which were a significant factor in the September 2010 crash"