Gold Disappears from Paris-Zurich Flight

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By Paul Ausick Updated Published
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Gold bars
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French officials revealed on Tuesday that $2 million in gold bars disappeared from an Air France passenger plane after the gold had been loaded on the plane for a flight to Zurich. The gold bars weighing approximately 161 pounds appear to have been stolen before the plane left Paris on a flight for Zurich operated by Air France budget carrier Hop!.

U.S. security firm The Brink’s Co. (NYSE: BCO) said it delivered the gold to the plane and that “the parcels weren’t under [Brink’s] responsibility when they disappeared.” Investigators have not ruled out the possibility that the gold disappeared once the plane landed in Zurich.

Last June a plane from Switzerland to New York with a delivery of cash for the U.S. Federal Reserve Bank of New York arrived with $1.2 million missing from a scheduled delivery of $93 million.

Air France has claimed it was the victim of the gold theft and has filed a complaint with French authorities, according to The Wall Street Journal. An airlines spokesman said the gold shipments are insured but gave no additional details.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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