Hill Helicopters HX50
Joined: Nov 2018
Posts: 240
Likes: 50
From: San Diego, CA
10.4 is very good, exactly the sort of thing you'd want to see. Not sure what you're trying to point out by printing it here. Section 9 is also standard stuff, saying customers can't demand their money back due to delays. If they could then the company would go bankrupt because delays always happen in aircraft development. Even Boeing and Airbus take much longer than they anticipate. And regulatory approval can take forever. Luckily, in the US, no approval is needed for experimentals aside from one person looking it over to make sure it's not obviously unairworthy, like a contraption someone put together in their garage. Not sure about the UK or EU though.
Joined: Oct 1999
Aviation Qualifications: ATPL
Posts: 7,373
Likes: 931
From: Den Haag
10.4 is very good, exactly the sort of thing you'd want to see. Not sure what you're trying to point out by printing it here. Section 9 is also standard stuff, saying customers can't demand their money back due to delays. If they could then the company would go bankrupt because delays always happen in aircraft development. Even Boeing and Airbus take much longer than they anticipate. And regulatory approval can take forever. Luckily, in the US, no approval is needed for experimentals aside from one person looking it over to make sure it's not obviously unairworthy, like a contraption someone put together in their garage. Not sure about the UK or EU though.
Joined: Feb 2004
Posts: 603
Likes: 65
From: South of UK
Good question, probably depends on what 10.3 says. But safe to say if the money has been spent, there's little chance that it will ever come back. Any depositor would come at the back of the queue of creditors. But really any depositor knows that. Better hope Dr Hill is wrapped in cotton wool until at least first flight.
Joined: Feb 2004
Posts: 603
Likes: 65
From: South of UK
Err, not what I meant. He has nothing of value to a prospective buyer until his machine flies. Until then it's an ego trip and an engineer's dream.
Guest
Joined: Jul 2017
Posts: 840
Likes: 236
Jason Hill has posted an "Economic Benefits Summary" on the planning portal.
http://publicaccess.staffsmoorlands....ageName=333638
extracts:
- Hill’s turnover will rise from £250m to £1.5bn between 2025-2032 with 97% of all aircraft
being purchased by overseas customers
- Hill will bring 500 ultra-high net worth clients to our global headquarters every year and
will stay in the area along with their families for two-week periods, offering a significant
boost to the hospitality sector
- Our visiting ultra-high net worth customers will spend a further £1.5m in-area with the hospitality
sector while they stay for two-week periods with their families**.
- Hill has agreed to provide an operating base, free of charge for the Stoke Air Ambulance,
providing critical care and emergency responder cover to the Staffordshire Moorlands
area.
- Some trepidation by residents and members is understandable in the short term*,
* I think the people who currently face the prospect of living next to a busy heliport might disagree with that!
** Will all 500 people really bring their families?
http://publicaccess.staffsmoorlands....ageName=333638
extracts:
- Hill’s turnover will rise from £250m to £1.5bn between 2025-2032 with 97% of all aircraft
being purchased by overseas customers
- Hill will bring 500 ultra-high net worth clients to our global headquarters every year and
will stay in the area along with their families for two-week periods, offering a significant
boost to the hospitality sector
- Our visiting ultra-high net worth customers will spend a further £1.5m in-area with the hospitality
sector while they stay for two-week periods with their families**.
- Hill has agreed to provide an operating base, free of charge for the Stoke Air Ambulance,
providing critical care and emergency responder cover to the Staffordshire Moorlands
area.
- Some trepidation by residents and members is understandable in the short term*,
* I think the people who currently face the prospect of living next to a busy heliport might disagree with that!
** Will all 500 people really bring their families?
Last edited by PPRuNeUser469990; 26th July 2023 at 14:17.
Joined: Jul 2011
Posts: 187
Likes: 37
From: N/A
And those people are going to buy a non proven, cheap, small, non-IFR certified, single engine helicopter??? 😂😂😂 I am pretty sure they will go for S-70, H160/175 or AW169/189… I think only the “wannabe” just made millionaire might go for a cheap, but good looking “show-off” vehicle..
Joined: Jun 2016
Aviation Qualifications: CPL
Posts: 1,318
Likes: 387
From: Brantisvogan
It's ultra-high net BS.
The one's I know on the list are tighter than the proverbial ducks arse.
That might actually align with his estimates as it only equates to 214 squid per day per family, accommodation, travel and so forth.
The one's I know on the list are tighter than the proverbial ducks arse.
That might actually align with his estimates as it only equates to 214 squid per day per family, accommodation, travel and so forth.
Joined: Feb 2004
Posts: 603
Likes: 65
From: South of UK
Joined: Apr 2000
Aviation Qualifications: ATP+Mil
Posts: 10,959
Likes: 1,814
From: EGDC
Guest
Joined: Jul 2017
Posts: 840
Likes: 236
I don't understand how he can say he is giving the "stoke air ambulance" a free helipad, when a) they don't exist yet, and b) this has not been part of the Hill planning permission. Just seems like something Hill have suddenly said to sway the planning decision.
I bet the local residents are fuming.
I bet the local residents are fuming.
Joined: Jul 2002
Aviation Qualifications: ATPL(H)
Posts: 3,054
Likes: 57
From: UK
I don't understand how he can say he is giving the "stoke air ambulance" a free helipad, when a) they don't exist yet, and b) this has not been part of the Hill planning permission. Just seems like something Hill have suddenly said to sway the planning decision.
I bet the local residents are fuming.
I bet the local residents are fuming.