The Seastar will be able to carry 12 passengers at more than

1. Juli 2014 at 7:03

Setting sail for the skies

When the Dornier Do26 took off on its first flight in May 1938, it was at the cutting edge of aviation technology, the latest in a rapid succession Canada Goose online of new seaplanes that promised uk canada goose outlet to revolutionise long distance travel.

It wasn’t to be. Despite being hailed as the „most beautiful flying boat ever built“, and impressing canada goose store the world the following year by flying buy canada goose jacket cheap from Germany to Chile carrying relief supplies to earthquake victims, the Do26 was shortlived the final one being retired in 1945. Seaplanes in general were rapidly falling out of fashion, rendered redundant by the sharp growth in the number of airports and airstrips. Their canada goose coats less aerodynamic bodies left them lagging behind as conventional planes grew faster, and they were about to be eclipsed completely by the dawning of the jet canadian goose jacket age.

Now though, the seaplane seems set for a surprise comeback. At the Singapore Airshow last month, the grandson of Dornier’s founder announced that after a gap of eight decades production is underway on the first new Dornier seaplane since the Do26. The Seastar will be able to carry 12 passengers at more than 200mph, and with a range of more than 1,000 miles. The first is due for delivery in 2018; the company says it has already taken 11 firm orders and options but expects to make 300 to 350 Seastars over the next 10 years in order to meet surging demand.

The Seastar was originally developed in the 1980s but never made it into commercial production. That has finally changed, thanks to a favourable tailwind from China the plane will be manufactured by Dornier Seawings, a joint venture between Conrado Dornier, whose grandfather canada goose black friday sale Claude founded Dornier in 1914, and two Chinese companies, Wuxi Industrial Development Group and Wuxi canada goose clearance Communications Industry Group. The plan is for two assembly lines running concurrently at Dornier’s base in Oberpfaffenhofen, Germany and in Wuxi, China.

„The Chinese see they have a huge market within their Canada Goose Outlet own country, with a long coastline and lots of inland bodies of water, combined with a poor infrastructure, so a seaplane offers great advantages,“ canada goose says Conrado Dornier.

He predicts 50 per cent of sales to governments for coastal patrols, search and rescue and so on, and 20 to 30 per cent to small commercial airlines, particularly those focused on leisure travel. „A seaplane allows you to develop tourist destinations and link them easily, safely and economically something you can’t do with a helicopter so it canada goose uk black friday opens up new opportunities in tourism, especially for the high uk canada goose end market, off the beaten track.“

Viking’s new 400S seaplane Heath MoffattMore surprising still is that the Seastar wasn’t the only new seaplane at Singapore. Also attracting attention was the Viking 400S, the first dedicated seaplane version of the company’s existing Twin Otter. The Canada Goose sale Canadian manufacturer currently adds floats to its conventional aircraft to make them amphibious, delivering two to three such planes per year, but hopes the 400S will lead to a rapid rise in orders. Deliveries are due to start early in 2017 and Viking anticipates sales of up to 100 over the next decade to keep up with „great demand in Southeast Asia, the Caribbean and southern Europe“.

While the key arconserve seaplane manufacturers refuse to release detailed sales figures, cheap Canada Goose the growing number of start up seaplane airlines suggests such bullish predictions could be justified.

Among them is Kerala Seaplane, which is due to begin services above the south western Canada Goose Online tip of India by next month. Using two 10 seater Cessna 208 Grand Caravan turbo props, it intends to connect Cochin, Trivandrum, Calicut, Alleppey and Kollam, buy canada goose jacket eventually expanding to reach Sri Lanka and the Andaman Islands. And while seaplanes inevitably carry associations with aviation’s „golden age“, today they are not necessarily restricted to the elite. Kerala Seaplane plans Canada Goose Jackets to price Cochin to Trivandrum tickets at Rs5,500 (58), for example, and Cochin to Alleppey at Rs3,500 (37).

A European Coastal Airlines seaplane flying towards Hvar in Croatia Studio Blagec SPLITLike other fledgling seaplane airlines, getting to this point has not been easy. Kerala Seaplane has been hit with strikes, delays in government permits, and opposition from local fishermen, which stalled the launch canada goose clearance sale for two years. In the Adriatic, Canada Goose Parka European Coastal Airlines had a similarly troubled gestation before its launch in 2014.

It traces its roots back to the 1990s, when a group of German airline pilots clubbed together to buy a 1947 Grumman Goose to fly around the lakes of Canada. In 1995, the pilots decided to move their Goose to Europe, but found that only Croatia would admit them. They went on to develop plans for a scheduled service around the Croatian islands, but failed to win permits, then in 2008 their chief financial officer was killed in a seaplane crash.

Official opposition finally softened when Croatia joined the EU in 2013, and the government canada goose uk outlet began enthusiastically promoting tourism. ECA won its licence on August 26 2014, and started services the following day. This year it will operate eight aircraft, canada goose factory sale flying domestically and to Pescara, Italy, and there are plans to expand to Greece, Montenegro, and Venice’s lagoon.

As well as the growing demand from developing countries and a tourism industry in search of ever more remote destinations, the seaplane’s resurgence has been helped, more prosaically, by the canada goose outlet toronto factory development of appropriate legislation and regulation. When a small Scottish airline, Loch Lomond Seaplanes, started up in 2004 (becoming the UK’s first seaplane service for 50 years) it found existing rules wouldn’t cover larger seaplanes.

Even more enticing are rumours of plans for a Canada Goose Coats On Sale new seaplane route flying from London

Among the casualties of that lack of legislation was AirSea Lines, a Greek Canadian company based in Corfu. Despite Greece being ideal for seaplanes with more than 200 inhabited islands and often only slow ferry links the airline folded after four years in 2008, blaming bureaucratic hurdles. When, in 2013, the Greek parliament passed legislation setting out a legal framework for seaplane operations, businessman Nicolas Charalambous sensed an opportunity. He quickly set up Hellenic Seaplanes, offering charter services with a single leased seaplane.

In June, however, the airline cheap canada goose uk will launch the country’s only scheduled services, allowing tourists to leap between Volos, the Sporades islands, Skyros, Patmos, Thessaloniki, Tinos, Corfu, and Paxos. „Existing travel methods are so time consuming that ’same day‘ business trips are uneconomical and weekend travel of any distance is not viable,“ says Charalambous.

He is busy licensing „waterdromes“ around Greece and hopes to develop a network of more than 100 plans buoyed by a 9 per cent increase in tourism last year. „Tourism is the heavy industry of Greece,“ says Charalambous. „Even with the unstable politics, touristic projects are low risk, high value. No crisis can stop us.“

More seaplane services have started recently in Turkey, Vietnam and Sri Lanka, and other new aircraft are on the horizon. The Aviation Industry Corporation of China is currently assembling the AG canada goose uk shop 600, the world’s biggest seaplane, able to carry 50 passengers. The first flight is due to take place this year.

Back in Scotland, Loch Lomond Seaplanes has just taken delivery of a brand new 10 seat Cessna 208 Caravan and next month will start scheduled services from Loch Lomond to the Isle of Skye. More enticing, however, are rumours of plans for a new route from the UK capital. David West, managing director and chief pilot, canada goose coats on sale remains tight lipped but admits plans for London are „well advanced“ and that proving flights have taken place, starting from a conventional land airport and landing on water, 25 minutes out of the city.

Trains function so well over there

24. April 2014 at 4:45

Aboard America’s neglected passenger trains

NEW YORK (Reuters Life!) Anyone who wants to travel by train from the United States uk canada goose outlet third biggest city, Chicago, to Houston must board a bus for part of the journey.

Amtrak, the national passenger rail operator, no longer directly serves Houston, canada goose coats on sale the country fourth largest city from the north; a bus connects from Longview, Texas.

Such is Canada Goose Online the sorry state of passenger rail travel in the United States, says James McCommons in on a Train: The Embattled Future canada goose store of Passenger Rail Service.

McCommons, a journalism professor at Northern Michigan University, spent a year riding Amtrak Canada Goose Jackets trains, logging 26,000 miles. He interviewed rail advocates, freight executives, politicians and train crews and passengers about how to improve rail travel, relieve highway canada goose clearance sale congestion and cut energy use. a third world country when it comes to passenger canada goose factory sale rail. How did it get this way?

A: had a private system versus the public Canada Goose Parka system like other countries have. We let it go to seed. After World War Two it was easier to replace trolley systems with buses. Amtrak is a quasi public entity created to take money canada goose uk outlet losing passenger operations away from freight railroads. The idea was Amtrak would somehow become profitable, canada goose coats but it had mandates from Congress that were in conflict, to maintain a nationwide system and create efficiencies to make money. Amtrak never done that. There also been animosity with the freight buy canada goose jacket railroads.

Q: What should be done to improve the system?

A: federal government will have to match state funds just like it did with the interstate highway system. The Feds have a huge role to play in standardization of equipment, prioritizing routes, and negotiating canada goose uk shop with the freight railroads, which own most of the infrastructure.

changed in 2008. Car companies are talking about smaller cars. Some realization cheap Canada Goose Parkas happened that oil prices are eventually going to rise. I even saw a change of attitude (among) the freight railroads. I think it canada goose black friday sale going to be incremental, absent some sort of national crisis, like uk canada goose $7 gas. passenger rail?

A: seen some change with the Canada Goose online Obama Administration $8 billion (rail) stimulus package. The best way is if that money flows to the few states that have cheap canada goose uk already been working with Amtrak, and with the freight railroads, to create corridor trains (linking major cities). Popular support is growing. ever have a rail system like Europe

A: you go to California or Florida, there canada goose clearance are places with the density to support bullet trains. I don think you see bullet trains running across the country, but you need cross country trains to connect disparate high speed networks. up to Portland (Oregon) Canada Goose sale is beautiful. I like the Empire Builder, particularly along the border between Washington and Oregon. Amtrak does run a lot of good buy canada goose jacket cheap trains. In Europe, I like the train from Paris to Stuttgart and Munich. Trains function so well over there.

Q: What is it about trains that fascinate people?

A: a nice way to travel. A big part of Canada Goose Coats On Sale it is not canada goose uk black friday getting there, but the journey. I like the community of people you meet on the train. You dine with people, you have the time to sit back. For professionals, it a cheap Canada Goose great time to work.

Q: In your travels you often came across rail fans who are derisively called What are they like?

A: folks are great. There some nerdiness involved, but they were also canada goose great sources of information, such as why the train wasn moving.

lot of people love trains. The advocates, and me on this trip, we separated ourselves a bit from those folks because we canadian goose jacket don want to seem like foaming rail fans. We advocating for trains because trains make sense Canada Goose Outlet for America.

That is among the highest monthly tallies for 2012

22. Januar 2014 at 3:11

Spreads widen as new issues underperform

HONG KONG, Sept 26 (IFR) Asian credit markets extended their losing streak on Wednesday as investors canada goose uk outlet struggled to digest new issues and aggressive pricing at a time of slowing economic growth.

Total G3 canadian goose jacket currency bond sales from Asia, excluding Japan, has already topped USD12.5bn in September. That is among the highest monthly tallies for 2012, Canada Goose Coats On Sale already the busiest year on record.

The itraxx Asia ex Japan investment grade index widened out to 142/144bp from Tuesday 136/137bp, with the recent Canada Goose Online issues being the notable underperformers.

been a very strong month for supplies at a time when we are canada goose factory sale near the year tights. Some indigestion was natural, said a Singapore based trading head who Canada Goose Outlet said the uk canada goose outlet selling was not aggressive, terming it a Canada Goose sale correction

Doosan Infracore 30NC5 bonds were the outperformers today, with the long bonds tightening to 249bp from a reoffer of canada goose outlet nyc 265bp despite an canada goose uk shop unusual structure.

Analysts said the fair value for the bond should be in the 240bp region and there was more room for spreads to tighten.

In contrast, recently issued bank Canada Goose Jackets bonds from Thailand and Malaysia underperformed with buy canada goose jacket cheap Indian deals canada goose clearance holding steady.

Bangkok Bank 2018s are Canada Goose online trading at around 215/205bp canada goose compared with last week reoffer price of 212.5bp. The 10 year tranche of that offering is off in a big way trading at 240/230bp compared with the reoffer of 215bp, representing more curve steepening.

are worried about canada goose store showing offers on the screens, afraid they will get hit.

Malaysian lender Maybank Lower Tier 2 also suffered Canada Goose Parka on canada goose coats on sale account of its size. The USD800m offering was priced at 260bp but is now trading closer to 300bp. Acquisition concerns are also expected to prolong the weak run.

Maybank was named as one of the suitors for GE 32.98% stake in Thai lender Bank of Ayudhya. Since then, GE has sold a 7.6% stake in the bank to institutional investors and the shareholding now stands reduced to 25.3%.

is the only market in which the group does not have a commercial banking platform to complement its brokerage business, said OSK analyst Keith Wee, who added that Maybank could a smaller scale bank canada goose clearance sale with turnaround potential in that country.

CITIC Bank Lower Tier 2 bonds buy canada goose jacket are trading at 345/335bp compared with the reoffer price of 325bp.

Indian paper is cheap Canada Goose holding up relatively well with the IDBI 2018s at 368bp and NTPC 2017 at 304/300bp just around cheap canada goose uk the re offer spread of 370bp and 305bp.

Traders say hopes of improving macroeconomic conditions and reforms are driving this performance, with buying from canada goose black friday sale retail and real money investors.

The ICICI 2018s are at 335bp, State Bank of India 2017s at 305bp and EXIM Bank, the only Indian bank in the EMBI index, is at 275bp. ICICI 2018s were sold at 400bp, SBI at 375bp and EXIM at 355bp.

The high yield space continues to see recent offerings trade canada goose uk black friday below their issue price, with Trade and Development Bank of Mongolia level of canada goose coats 96 versus a reoffer of 99.676 one of the reasons behind Xacbank decision to put off its dollar bond debut.

Other uk canada goose recent deals which are trading below reoffer are Fantasia at 97 versus an issue price of 99.472.

Bumi 2017 continued to be volatile rebounding on some bottom fishing purchases to 75/77, a gain of around 5 points even as S lowered the rating to B+ from BB. Analysts said the company bonds are already trading at CCC levels comparing it with Hidili which trades at similar yields of canadagooseparkasoutlet 18% 19%.