New Gen AirShips - Hybrid Air Vehicles, UK
They are amazingly adept at selling a bag of nothing time and time again. I did my bit to pull reality into view during DEC-DSR times and watched them leave Northumberland House with their fantasies and tails between their legs. Yet they keep coming back and finding new organisations to bleed money from.
Join Date: Jul 2003
Location: Brum
Posts: 852
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Aug 2007
Location: Wilds of Warwickshire
Posts: 229
Received 0 Likes
on
0 Posts
Insurance claim
Latest news is that the Company has announced that they are to claim the ‘writeoff’ value of £32,000,000 from insurers.
Some mention of proceeding with “production standard” build, but then they would, wouldn’t they.
Suspect this is the end of the line.
KB
Some mention of proceeding with “production standard” build, but then they would, wouldn’t they.
Suspect this is the end of the line.
KB
I think we can add 'safely deflated' to the same list as 'safely disassembled' when used to describe the scattered bits of metal following an aircraft crash.
KiloB You suggest that
My understanding of insurance niceties is skimpy, but that's not quite what Airlander says in its statement of 27 Nov. Here it is in full (my bold)
https://www.hybridairvehicles.com/ne...-november-2017
Could it not be that they figure it'll cost all of that just to fix it? Or that the £32m is the first bargaining position? Or even that their 'up to' figure is just an indication of the maximum, and they may not even claim that?
airsound
they are to claim the ‘writeoff’ value of £32,000,000 from insurers
Our incident with the pre-production Airlander aircraft on Saturday 18 Nov has resulted in substantial damage. Our initial assessment is that the aircraft detached from its moorings in light winds for reasons that will be determined from our ongoing investigation. The aircraft is now deflated and secure on the edge of the airfield, and is being recovered to Hangar 2 at Cardington..
There were no serious injuries resulting from this ground incident.
The damage to the Airlander aircraft will result in a claim under our insurance policy of up to £32 million, being the maximum insured value.
This incident follows a very successful flight test last Friday. Moreover, we have gained a great deal of data, information and expertise from our previous successful flight tests. We look forward to using the knowledge gained and to working with all our potential military and civil customers to develop and build production standard Airlander aircraft to meet their operational and business needs. While the damage to the aircraft will no doubt impact on our timescales and plans, our successes to date make us confident that Airlander will provide the capabilities and opportunities that will address the $45 billion market that has been independently assessed.
There were no serious injuries resulting from this ground incident.
The damage to the Airlander aircraft will result in a claim under our insurance policy of up to £32 million, being the maximum insured value.
This incident follows a very successful flight test last Friday. Moreover, we have gained a great deal of data, information and expertise from our previous successful flight tests. We look forward to using the knowledge gained and to working with all our potential military and civil customers to develop and build production standard Airlander aircraft to meet their operational and business needs. While the damage to the aircraft will no doubt impact on our timescales and plans, our successes to date make us confident that Airlander will provide the capabilities and opportunities that will address the $45 billion market that has been independently assessed.
Could it not be that they figure it'll cost all of that just to fix it? Or that the £32m is the first bargaining position? Or even that their 'up to' figure is just an indication of the maximum, and they may not even claim that?
airsound
Last edited by airsound; 28th Nov 2017 at 16:17. Reason: clarity (I hope)
Join Date: Feb 2017
Location: South Skerry
Posts: 305
Likes: 0
Received 0 Likes
on
0 Posts
By the way, to keep things in proportion: the entire cost of this X-plane program to date, including stuff that the US Army spent on a sensor suite, can't be much more than one-tenth of the overrun charges that Airbus has eaten so far on one military program.
Join Date: Aug 2007
Location: Wilds of Warwickshire
Posts: 229
Received 0 Likes
on
0 Posts
KiloB You suggest thatMy understanding of insurance niceties is skimpy, but that's not quite what Airlander says in its statement of 27 Nov. Here it is in full (my bold)https://www.hybridairvehicles.com/ne...-november-2017
Could it not be that they figure it'll cost all of that just to fix it? Or that the £32m is the first bargaining position? Or even that their 'up to' figure is just an indication of the maximum, and they may not even claim that?
airsound
Could it not be that they figure it'll cost all of that just to fix it? Or that the £32m is the first bargaining position? Or even that their 'up to' figure is just an indication of the maximum, and they may not even claim that?
airsound
I will be genuinely surprised if it ever flies again. Time will tell.
We look forward to using the knowledge gained and to working with all our potential military and civil customers to develop and build production standard Airlander aircraft to meet their operational and business needs
Join Date: Feb 2015
Location: North Up
Posts: 489
Likes: 0
Received 0 Likes
on
0 Posts
they are to claim the ‘writeoff’ value of £32,000,000 from insurers
Without insurance, their amusing balloon will never be allowed to fly again.
Bust!
A total waste of time, effort and money. It will go exactly the same way the last Thermo-Skyship-Hybrid-Air-Vehicle-Airship-Indsutries-Aerospace-Developments-Airship-Developments company has gone. This same lot have been at it since 1970!
Just waiting to sell more snake oil to unsuspecting investors! (Allegedly)
https://en.m.wikipedia.org/wiki/Airship_Industries
Just waiting to sell more snake oil to unsuspecting investors! (Allegedly)
https://en.m.wikipedia.org/wiki/Airship_Industries
Join Date: Feb 2002
Location: UK
Age: 58
Posts: 3,262
Likes: 0
Received 0 Likes
on
0 Posts
A total waste of time, effort and money. It will go exactly the same way the last Thermo-Skyship-Hybrid-Air-Vehicle-Airship-Indsutries-Aerospace-Developments-Airship-Developments company has gone. This same lot have been at it since 1970!
Just waiting to sell more snake oil to unsuspecting investors! (Allegedly)
Just waiting to sell more snake oil to unsuspecting investors! (Allegedly)
I just there are better things to invest in British aviation than this heap of junk with a limited market:
1. A new next-generation jet trainer to replace Hawk.
2. The SABRE hybrid rocket engine.
3. The new generation of satellite launch vehicles for the UK Space Industry.
4. An aerobatic light aircraft for general aviation.
5. An unmanned combat aircraft.
Crikey, I would even sooner see the money spent on Dead Dog’s supersonic car!
1. A new next-generation jet trainer to replace Hawk.
2. The SABRE hybrid rocket engine.
3. The new generation of satellite launch vehicles for the UK Space Industry.
4. An aerobatic light aircraft for general aviation.
5. An unmanned combat aircraft.
Crikey, I would even sooner see the money spent on Dead Dog’s supersonic car!
I just there are better things to invest in British aviation than this heap of junk with a limited market:
1. A new next-generation jet trainer to replace Hawk.
2. The SABRE hybrid rocket engine.
3. The new generation of satellite launch vehicles for the UK Space Industry.
4. An aerobatic light aircraft for general aviation.
5. An unmanned combat aircraft.
Crikey, I would even sooner see the money spent on Dead Dog’s supersonic car!
1. A new next-generation jet trainer to replace Hawk.
2. The SABRE hybrid rocket engine.
3. The new generation of satellite launch vehicles for the UK Space Industry.
4. An aerobatic light aircraft for general aviation.
5. An unmanned combat aircraft.
Crikey, I would even sooner see the money spent on Dead Dog’s supersonic car!
But what would a bored billionaire invest in if they didn't like your list of your favourite lottery winners?
And what would a coastal monitoring organisation want with that list?
Horses for courses.
Unmanned Droid - exactly.
Look at item 1 on my proposed wish list - a new UK basic jet trainer. Well these guys are looking for investors: https://aeralis.com/
I would suggest there is a bigger market for this and a greater requirement. There are only so many investors around, so why waste it on a giant gas bag rather than something else more likely to be a success for GB.
Look at item 1 on my proposed wish list - a new UK basic jet trainer. Well these guys are looking for investors: https://aeralis.com/
I would suggest there is a bigger market for this and a greater requirement. There are only so many investors around, so why waste it on a giant gas bag rather than something else more likely to be a success for GB.
