Hill Helicopters HX50
I'm not an accountant but I think one advantage is that the different companies can "invoice" each other for "services" thus decreasing their tax liability.
Of course it also makes it easier when the companies have financial trouble as all the debt can be loaded onto one company, so people think XYZ Ltd owes them money, and then get told, "ah sorry, that company has folded" yet the business seems to continue operating, as "XYZ Maintenance, XYZ Services, XYZ Technologies" etc continue to trade.
Of course it also makes it easier when the companies have financial trouble as all the debt can be loaded onto one company, so people think XYZ Ltd owes them money, and then get told, "ah sorry, that company has folded" yet the business seems to continue operating, as "XYZ Maintenance, XYZ Services, XYZ Technologies" etc continue to trade.
Let's hope we don't see the 'liability shuffle' as described by Hargreaves99, in action when things go wrong.
Sometimes it takes a lot of forensic accounting to unearth all the different companies hidden behind the main group especially when they are set up in different countries, mostly in tax friendly places around the globe.
So Hill Helicopters Ltd might have even more subsidiaries than the 7 listed above.
There are loads of companies out there that have more than 7 subsidiaries , it is as said before to protect assets, reduce tax liabilities, raise capital easier, protect their intellectual property, efficiencies, easier for M&A's, protect and limit liability incase something goes wrong with your product.
Sometimes it takes a lot of forensic accounting to unearth all the different companies hidden behind the main group especially when they are set up in different countries, mostly in tax friendly places around the globe.
So Hill Helicopters Ltd might have even more subsidiaries than the 7 listed above.
Sometimes it takes a lot of forensic accounting to unearth all the different companies hidden behind the main group especially when they are set up in different countries, mostly in tax friendly places around the globe.
So Hill Helicopters Ltd might have even more subsidiaries than the 7 listed above.
Last edited by SWBKCB; 31st Dec 2022 at 10:06.
It appears plenty of people are still placing orders for the HX and HC, so while this continues all is good.
I'm looking forward to seeing the prototype flying in 2023. I'm genuinely interested to see the result.
I'm looking forward to seeing the prototype flying in 2023. I'm genuinely interested to see the result.
Last edited by hargreaves99; 31st Dec 2022 at 10:26.
Crab, to be fair i m sure he will have loads of problems but having seen a lot of what goes on and I then compare it to the Cabri G2 factory ( which i saw when i nearly became the UK distributor about 10 years ago ) one is like my garden shed, i will let you wonder which one
Gnome de PPRuNe
I just watched it through, not bad though not as comprehensively or personably explained as Mike Patey videos.
From what I gathered, it's the first airframe built from prototype moulds and is being used for manufacturing and structural testing/proving, etc.
From what I gathered, it's the first airframe built from prototype moulds and is being used for manufacturing and structural testing/proving, etc.
That would make it a pre-production fuselage rather than an airframe wouldn't it?
Blimey, really looking to split hairs now. Like H99, I'm not sure why they chose the 'yoof' presenter but he's not in it much.
What is clear from the video is how pleased they are at the end of the process. If that's not genuine excitement, they're in the wrong business!
What is clear from the video is how pleased they are at the end of the process. If that's not genuine excitement, they're in the wrong business!
Gnome de PPRuNe
Originally Posted by [email protected]
That would make it a pre-production fuselage rather than an airframe wouldn't it?
Either way, the video is of a fuselage built as they would intend to do so for production rather than a mock up.
The pre-production Concordes were the third and fourth fliers. As far as I know BAC also built 1-11s and VC-10s for static test which were built using production tooling, were part of the production line and had construction numbers allocated - built to the same standard but not to completion, don't know about other manufacturers. If it could be completed and flown then I'd call it an airframe. Semantics maybe?
Either way, the video is of a fuselage built as they would intend to do so for production rather than a mock up.
Either way, the video is of a fuselage built as they would intend to do so for production rather than a mock up.
if it is, it will inherit a serial number.
