Safe Landing is very important
On September 24, 1972, a Japan Airlines flight landed at Juhu Aerodrome near Bombay instead of the much larger Santacruz Airport (now Chhatrapati Shivaji International Airport) and overran the runway.
As the plane was nearing Bombay, the crew planned to make landing approach to Santacruz Airport (BOM). When speaking with Bombay Air Traffic Control, the controller asked the plane if it had a “visual on the runway?” The pilots replied, “yes, we can see it.” the ATC controller asked the pilots to make a visual approach.
Following these instructions, the pilots flew over Runway 09 and executed a 360-degree turn to approach again from the west. But after doing this 360-degree manoeuvre when the plane touched down on Runway 8, the pilot found it was Juhu Aerodrome 2.3 miles west of (BOM) and used only by small aircraft.
The captain immediately realized the mistake and activated the spoilers and maximum power to the brakes. With not enough runway left, an overrun was unavoidable. As the plane overshot the runway, both engines on the port wing broke off, damaging the main landing gear, which caused the nose of the aircraft to dive into the ground. At the time of the accident, there were 14 crew and 108 passengers on board.
The Airline Company and ATC have blamed each other for this fiasco. However, there is important investing lesson from this incident.
Equity Investors continuously look for better returns scenarios but at the same time some volatile events also arise when their investment land on unknown terrain. Investment journey is not always smooth ride. It often pass through rough situation and investors have to have the ability to land investment properly.
At Shalibhadra, we believe to hand hold investors when the investment pass through rough patch. Investment journey is not always keep on flying but also to land it safely whenever required and again fly high when winds are favorable.
Nishit Siddharth Shah