Tag: rescue (Page 6 of 6)

Seven South Koreans Dead in Danube River Boat Disaster

May 31, 2019 / WIL BALDWIN

BUDAPEST (Reuters) – Hungarian rescue officials said there was little chance of finding survivors after a boat with South Korean tourists on board sank on the Danube River in Budapest, with seven people confirmed dead and 21 missing.

The boat was cruising when it collided with a larger luxury passenger boat during a rainstorm on Wednesday evening, causing it to capsize and sink with 33 South Korean tourists and tour guides and two Hungarian crew aboard.

“I wouldn’t say there is no hope, rather that there is a minimal chance (of finding survivors),” Pal Gyorfi, a spokesman for the Hungarian national ambulance service, told the M1 state broadcaster.

“This is not just because of the water temperature, but (also) the strong currents in the river, the vapor above the water surface, as well as the clothes worn by the people who fell in,” he added.

Police said the smaller boat turned on its side and sank within seconds of the collision under a bridge near Hungary’s parliament building.

They said a criminal investigation was under way to determine the cause of the accident. Police declined to say if the bigger vessel, the 135-meter (443 ft) Viking Sigyn, put out any signals for help.

Police said its investigation yielded evidence that raised personal responsibility, so it questioned the Viking Sigyn captain, a 64-year-old Ukrainian, as a suspect, and later moved to take him into custody for reckless misconduct in waterborne traffic leading to mass casualties.

Police said it initiated the formal arrest of the captain, identified as C. Yuriy from Odessa.

Officials said the hull of the Mermaid, a 27-meter (89-ft) double-decker river cruise boat, had been found on the riverbed a few hundred meters from its usual mooring point.

A crane ship docked near the wreck on Thursday in preparation for recovery operations and divers prepared equipment. Police said the rescue efforts were hampered by high water levels, strong currents and bad visibility.

“Those who were trapped in the hull or were stuck underneath can be lifted only once the wreckage is pulled out,” a police statement said.

Hungarian Prime Minister Viktor Orban offered his condolences to Seoul. South Korean President Moon Jae-in said the authorities would work with the Hungarian government to investigate the cause of the accident.

“What’s most important is speed,” Moon said in Seoul.

Some South Korean relatives of those on board started to depart for Hungary. Several family members were seen at Incheon International Airport in Seoul on Thursday night.

South Korean rescue teams and officials including South Korean Foreign Minister Kang Kyung-wha also left for Budapest on Thursday. She will hold a news conference with Hungarian Foreign Minister Peter Szijjarto at 0730 GMT on Friday.

Reporting by Gergely Szakacs, Marton Dunai and Krisztina Than; Additional reporting by Hyonhee Shin, Joyce Lee, Do Gyun Kim and Minwoo Park in SEOUL; Editing by Jon Boyle, Ros Russell and Richard Chang

Hellenic Navy Receives First Updated P-3 Orion Patrol Aircraft

May 17, 2019 / WIL BALDWIN

Leaders from the Greece Ministry of National Defense; Hellenic Air Force, Navy and Army; Lockheed Martin and Hellenic Aerospace Industries participated in a ceremony for the delivery of the first modernized P-3 Orion. (Photo special to Lockheed Martin)

ATHENS, Greece, May 17, 2019 – Representatives from the Hellenic Navy, Lockheed Martin (NYSE: LMT) and Hellenic Aerospace Industry (HAI) hosted a ceremony on today at HAI’s facility near Athens, Greece, for the delivery of the first P-3B maritime patrol aircraft (interim solution aircraft) as part of the Hellenic Navy P-3B maritime patrol aircraft mid-life upgrade and modernization program implementation.

The event was attended by senior leaders from the Greek government and the Hellenic ministry of National Defense, the Hellenic Navy and Air Force, as well as representatives from the U.S. Embassy in Athens, Lockheed Martin and HAI. Local government officials also attended the ceremony.

The government-to-government agreement between the United States and Greece was announced in 2015, providing for the re-activation of one Hellenic Navy P-3B Orion maritime patrol aircraft, which is the aircraft delivered today. This agreement also includes the modernization of four Hellenic Navy P-3B aircraft through the Mid-Life Upgrade (MLU) Program.

MLU kits provide an extension of service life by 15,000 flight hours. In addition, this contract provides for phased depot maintenance; a Greece indigenous mission integration and management system; new avionics; and other ancillary hardware and services.

Evangelos Apostolakis, Greece’s minister of National Defense (MoD), welcomed the delivery of the first interim solution P-3B Maritime Patrol Aircraft of the Hellenic Navy and underlined the operational benefits of their upgrading program of at a national and international level. The MoD stated that this program meets the optimal cost-effectiveness solution, underlining at the same time its contribution to the reinforcement of the domestic defense industry.

The P-3 Orion is the model in maritime patrol and reconnaissance aircraft, and is used for homeland security, anti-piracy operations, humanitarian relief, search and rescue, intelligence gathering, antisubmarine warfare and, recently, to assist in air traffic control and natural disaster relief support. The Hellenic Navy operated the P-3 fleet for 15 years.

“The Hellenic Navy needed enhancements and improvements for its maritime patrol aircraft. The delivery of this first aircraft will cover, initially, an operational requirement of vital importance, while the Hellenic Navy prepares for the delivery of the fully modernized P-3s in the coming years,” said Rear Adm. Nikolaos Tsounis, chief of the Hellenic Navy General Staff.

Work on the Hellenic Navy P-3s is performed at HAI facilities in Greece, as well as at Lockheed Martin’s facilities in Marietta, Georgia, and Greenville, South Carolina. Lockheed Martin is the Original Equipment Manufacturer (OEM) of the P-3 Orion.

“Today we are especially proud as the delivery of this first aircraft, represents an important step in enhancing Greece’s maritime patrol capability. The P-3 MLU and Avionics Modernization Program provides state-of-the-art operational advantages to the Hellenic Navy to not only support present mission requirements, but future ones as well,” said Karmyn Norwood, vice president of International Programs for Air Mobility & Maritime Missions at Lockheed Martin. “This program also exemplifies the power of partnership, from the support of the U.S. Navy and the Hellenic Navy to the outstanding work delivered by the HAI team. Together, we provide the best resources and value to Greece.”

The domestic defense industry in Greece is providing 30 percent of the overall program value, drawing considerable industrial, financial and technological benefits for the autonomous operation and support of the specific weapon system.

“Through this program, the Hellenic Aerospace Industry was given the opportunity to participate in a program of high technical and operational value,” said Zacharias Gikas, chairman of the HAI Board of Directors. “HAI salutes the delivery of this first aircraft as a significant achievement in the effort for a successful program integration. HAI management and employees will continue to effectively work together in delivering the best possible results to the Hellenic government and the Hellenic Navy.”

Find out more about the P-3 Orion here: http://www.lockheedmartin.com/P3

Jet Airways to Suspend Operations After Banks Reject Funding

April 17, 2019 / WIL BALDWIN

MUMBAI/NEW DELHI, April 17 (Reuters) – India’s embattled Jet Airways Ltd is set to temporarily halt operations from Wednesday onward after its lenders rejected the airline’s plea for emergency funds, three sources from inside the company said on Wednesday.

The airline, saddled with roughly $1.2 billion of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about $217 million from its lenders, as part of a rescue deal agreed in late March.

Separately, two sources at state-run banks told Reuters on Wednesday that the lenders had rejected the 4 billion rupees ($58 million) that Jet had sought to keep itself temporarily afloat, while its lenders attempted to identify an investor willing to acquire a majority stake in the airline and attempt to turn it around.

“Bankers did not want to go for a piecemeal approach which would keep the carrier flying for a few days and then again risk having Jet come back for more interim funding,” said one of the bank sources directly involved in Jet’s debt resolution process.

All five sources declined to be named as they have not been authorized to discuss the matter with media.

Jet and its lead lender State Bank of India (SBI) did not immediately respond to requests for comment.

($1 = 69.4120 Indian rupees)

(Reporting by Tanvi Mehta and Promit Mukherjee in Mumbai and Aftab Ahmed and Aditi Shah in New Delhi; Writing by Euan Rocha; Editing by Susan Fenton)

Icelandic Coast Guard Upgrades to Airbus Rescue Helicopters

April 4, 2019 / WIL BALDWIN

Reykjavik, Airbus Helicopters is supporting the Icelandic Coast Guard (ICG) with the entry into service of two Airbus H225 heavy search and rescue (SAR) helicopters as the first step in a renewal of the agency’s helicopter fleet.

The aircraft are replacing two of the ICG’s three existing Airbus AS332L1 Super Pumas, the first of which entered service in 1995. They are being leased from Norwegian helicopter lessor Knut Axel Ugland Holding AS and will both be in service by the end of April 2019. The ICG plans to purchase permanent replacements for all three aircraft in its fleet by 2022.

Airbus Helicopters is providing pilot and technician training on key features of the H225 and ongoing maintenance and support under an HCare Smart Parts By the Hour contract.

The 11-tonne category, twin-engine H225 is the latest member of Airbus Helicopters’ Super Puma family with more powerful engines providing a smoother ride and enhanced performance compared to the AS332L1.

Equipped with state-of-the-art electronic instruments and a 4-axis autopilot system, the H225 offers outstanding endurance and fast cruise speed, and can be fitted with a wide range of SAR equipment. Operated by two pilots, it can be configured with up to 18 seats or six stretchers.

The H225 and military H225M are benchmarks in SAR and combat SAR and are operated by 20 nations worldwide.

Commander S.G. Sindri Steingrimsson, Director Flight Operations at the ICG said: “The experience with our current fleet of Super Pumas has been excellent through the years. Overall they have done a fantastic job for us here at the Icelandic Coast Guard, in some of the most challenging conditions for aircraft SAR operations in the world. We fully expect that the new Super Pumas will add great value to the safety and security of our operations, increasing capability and reliability while at the same time modernising our technological standards to meet current needs.”

The attached photo shows one of the new leased aircraft.

About Airbus
Airbus is a global leader in aeronautics, space and related services. In 2018 it generated revenues of € 64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Alitalia Future Uncertain as easyJet Quits Talks

March 18, 2019 / WIL BALDWIN

LONDON (Reuters) – The future of Alitalia was plunged further into uncertainty on Monday after British budget airline easyJet pulled out of talks to rescue the Italian carrier two weeks before a deadline to save it.

EasyJet said it had decided to withdraw from the process after discussions with Italy’s state-controlled railway Ferrovie dello Stato Italiane and U.S. airline Delta Air Lines.

Alitalia was put under special administration in 2017 after workers rejected the latest in a long line of rescue plans, leaving the government once again seeking a buyer to save the airline.

Ferrovie is racing against the clock to meet deadline of the end of the month set by the Italian government to present a rescue plan for Alitalia, and had been in talks with easyJet and Delta over a possible deal.

But the parties had not seen see eye to eye on the structure of a deal. Without an industrial partner fully on board, a source said last week that Alitalia could soon find itself in trouble since neither Ferrovie nor the state have the skills to run the carrier.

Delta said it was still in talks with Ferrovie.

“Discussions remain ongoing as Alitalia is a long-standing partner of Delta,” the U.S. airline said in a statement.

Alitalia and Ferrovie could not immediately be reached for a comment.

EasyJet, whose shares were unaffected by Monday’s announcement, had said several times it was interested in Alitalia’s short-haul operations and positions at primary airports.

A source familiar with the talks said easyJet still believed it could be a good partner for Alitalia, but that a deal was not feasible with the current approach.

“EasyJet pulled out because it wanted to control (Alitalia’s) Milan hub and use it for point-to-point flights. This could not be done,” another source with knowledge of the matter said.

EasyJet said it remained committed to Italy, as a key market for the company.

“We continue to invest in the three bases in Milan, Naples, (and) Venice,” it said in a statement.

(Reporting by Alistair Smout in London and Sangameswaran S in Bengaluru; Additional reporting by Agnieszka Flak in Milan and Giselda Vagnoni in Rome; Editing by Keith Weir and Mark Potter)

British pilot Kate McWilliams became the world’s youngest ever commercial airline captain at age 26 with easyJet.

Sikorsky HH-60W Combat Rescue Helicopters Prepare for Flight Test

February 27, 2019 / WIL BALDWIN

Fully assembled aircraft tracking to first flight

WEST PALM BEACH, Fla., Feb. 27, 2019 /PRNewswire/ — Two fully assembled HH-60W Combat Rescue Helicopters (CRH), built by Sikorsky, a Lockheed Martin company (LMT), are preparing for their maiden flights, which will occur before mid-year at the Sikorsky West Palm Beach site in Florida.

Two HH-60W Combat Rescue Helicopters are at the Sikorsky Development Flight Center in West Palm Beach, Florida, in preparation for flight test. Photo courtesy of Sikorsky.

Both aircraft, which are being built for the U.S. Air Force, were transported late last year to West Palm Beach following final assembly at Sikorsky’s facility in Stratford, Connecticut. The aircraft test readiness review was completed in October 2018. The CRH HH-60W flight test team is currently preparing both aircraft for flight by conducting final installation of instrumentation and ground run testing. This marks formal entry into the flight test program that culminates in Ready Assets Available (RAA), allowing the Air Force to declare Initial Operational Capability (IOC).

“Having these initial HH-60W helicopters in West Palm Beach for flight test is an exciting time for the Sikorsky team. It is the first step toward a low rate initial production decision later this year, which will allow Sikorsky to provide a constant production flow of aircraft to the warfighter,” said Greg Hames, Sikorsky director, Combat Rescue Helicopter program. “This is the point in the program when Sikorsky begins providing new aircraft into the warfighters’ hands, initiating transition to the vastly more capable and reliable HH-60W Combat Rescue Helicopter.”

The first of the two HH-60W aircraft will enter flight test with the new Tactical Mission Kit. The integration of sensors, radar, and multiple defense systems will bring added intelligence into the cockpit, enhancing pilots’ situational awareness to complete missions, which is key to improving aircraft and isolated personnel survivability. Sikorsky’s HH-60W team completed the System Configuration Test Readiness Review milestones for the Tactical Mission Kit last year.

The HH-60W hosts a new fuel system that nearly doubles the capacity of the internal tank on a UH-60M Black Hawk, giving the Air Force crew extended range and more capability to rescue those injured in the battle space. The CRH specification drives more capable defensive system, vulnerability reduction, weapons, cyber-security, environmental, and net-centric requirements than currently held by the HH-60G.

“Our team is working every day to build and deliver a superior quality helicopter to the U.S. Air Force for this critical mission,” added Hames. “Both Sikorsky and the Air Force remain committed to achieving a low rate initial production decision this year and getting this much-needed aircraft to our air men and women out in the field.”

A total of nine aircraft will be built in Connecticut during the Engineering Manufacturing Development (EMD) phase of the program ― four EMD aircraft and five System Demonstration Test Articles. The Air Force program of record calls for 112 helicopters to replace its aging HH-60G Pave Hawk helicopters.

For more information, visit www.lockheedmartin.com/crh.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

India’s Jet Airways Recovery Still On Shaky ground

February 21, 2019 / WIL BALDWIN

Feb 21 (Reuters) – India’s Jet Airways Ltd has approved a rescue deal by the lenders of the carrier reeling under a net debt of 72.99 billion rupees ($1.02 billion), but doubts linger over whether the bailout would help it clear dues on time.

The resolution plan will make Jet’s lenders its largest shareholders and fix a near 85 billion rupee funding gap.

Jet has been steadily losing market share to its rival and low-cost carrier IndiGo, which is owned by InterGlobe Aviation Ltd.

The airline has also seen its share price suffer as it navigated through several negotiations with its lenders and shareholders.

For an interactive graphic on the airline’s market value, click https://tmsnrt.rs/2V2ef8x

Jet takes the resolution plan to its shareholders on Thursday, where it will seek their approval to convert debt into 114 million shares.

Here are some major developments in Jet’s story:

Aug 3 – Jet denies report that it cannot fly beyond 60 days, and dismisses conjecture of stake sale

Aug 9 – Airline defers board meet for first-quarter results

Aug 11 – After State Bank of India chairman says Jet’s loan is on the bank’s watch list, Jet says it is regular in payment obligations to all banks

Aug 20 – Sources tell Reuters that private equity firm TPG Capital is considering investing in Jet, but is not close to finalising a deal

Aug 27 – Jet posts loss for the June-quarter, says it will inject funds and cut costs by more than 20 billion rupees in two years

Sept 6 – Jet says it paid salaries to 84 percent of its employees after reports emerge that pilots warned ‘non-cooperation’ over salary default

Oct 4 – Rating agency ICRA downgrades https://www.icra.in/Rationale/ShowRationaleReport/?Id=73861 the company’s long term loans and NCDs

Oct 18 – Report says Indian conglomerate Tata Group is in talks to buy stake in Jet. Jet calls report “speculative”

Oct 30 – U.S.-based Delta Air Lines Inc expresses interest to buy Jet stake from promoter Naresh Goyal and Etihad Airways

Nov 5 – Report says Tata aims to buy the 51 percent stake in the airline owned by Naresh Goyal, and Etihad Airways’ 24 percent stake, and merge Jet with Vistara

Nov 12 – Jet posts third straight quarterly loss

Nov 13 – Tata Sons begins due diligence to buy Jet, reports say

Nov 15 – Shares surge nearly 25 percent following reports that the debt-laden airline was nearing a rescue deal with Tata Sons; another report says the Indian government asked Tata to explore buying Jet

Nov 16 – Tata Sons says discussions on Jet is preliminary and no proposal has been made

Nov 22 – Independent director Ranjan Mathai resigns, citing rising pressure from other commitments

Dec 3 – Jet says it will stop providing free meals to most domestic economy class passengers from January

Dec 5 – Jet and Etihad Airways have been holding rescue talks with Jet’s bankers, sources tell Reuters

Dec 6 – Jet tells its pilot union it will clear all salary dues by April, a source tells Reuters

Dec 7 – ICRA cuts https://www.icra.in/Rationale/ShowRationaleReport/?Id=75657 Jet rating yet again

Dec 14 – Goyal’s penchant for control has come up as a major obstacle as the airline tries to negotiate a rescue deal, several people who have worked closely with him or known him over the years tell Reuters

Jan 2, 2019 – The airline says it has delayed payment to a consortium of Indian banks, led by SBI; ICRA cuts rating again

Jan 10 – Jet proposes to creditors that it will catch up with debt payments in arrears by September, and from April will meet debt payments as they come due, according to a document seen by Reuters

Jan 11 – Some aircraft lessors were prompted to explore taking back aircraft from Jet, people familiar with the matter told Reuters. Etihad is not “in any position to sink new equity into Jet at this juncture”, says a person familiar with Etihad’s position.

Jan 14 – Report states Goyal is likely to step down from the board and give up majority control

Jan 16 – TV channel reports that Etihad offered to buy Jet shares at a 49 percent discount and immediately release $35 million.

Jan 17 – Top creditor SBI says Jet’s lenders are considering a plan to resolve its debt issues, amid further reports that Goyal is willing to invest 7 billion rupees in the airline and pledge all his shares but wants to retain a 25 percent stake.

Jan 24 – India capital markets regulator says it has no “view” on relaxing norms for a Jet bailout

Jan 25 – Etihad appoints Alvarez & Marsal to conduct due diligence on Jet, sources tell Reuters

Jan 30 – Jet denies its aircraft had been grounded by GE Capital Aviation Services

Feb 1 – Jet agrees to most conditions set by Etihad Airways for a lifeline, a report says

Feb 8 – Airline grounds four aircraft after failing to make payments to lessors

Feb 14 – Jet’s board approves a rescue deal which will make its lenders its largest shareholders and fix a near 85 billion rupee funding gap

Feb 15 – Jet is seeking an $840 million bailout from shareholders and a state-backed fund, Business Television India reports

Feb 21 – International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources tell Reuters

($1 = 71.2325 Indian rupees)

(Compiled by Arnab Paul and Chris Thomas in Bengaluru; Editing by Subhranshu Sahu and Rashmi Aich)

Etihad Reaches Deal for Rescue of India’s Jet Air

January 14, 2019 / WIL BALDWIN

(Bloomberg) — Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd. in a move that will see the Abu Dhabi-based carrier double its stake to 49 percent, according to television reports.

Etihad is in talks to lift its holding from the current 24 percent, India’s BTVI channel reported Monday, citing unidentified people familiar with the matter. CNBC-TV18 said that Jet founder Naresh Goyal’s stake could drop to 20 percent from 51 percent, and that he’ll stand down as chairman.

Shares of Jet Airways closed 16 percent higher in Mumbai, where it is based. The company ranks as India’s biggest full-service airline, but has failed to post a profit in nine of the past 11 fiscal years. Cash is running short as fare wars depress revenue and turbulent oil prices increase costs.

An increase in Etihad’s Jet stake would come at a time when the Persian Gulf carrier is cutting thousands of jobs and shrinking its fleet amid mounting losses from over-expansion and failed investments. India remains an attractive prospect because of the size of its travel market and the pace of growth.

Etihad said in an email that it does not comment on rumor or speculation.

Jet didn’t immediately respond to requests for comment, though it said in a filing earlier that it had made no decision requiring a stock-market disclosure. People with knowledge of the matter said last week that the airline is seeking funds from investors including Etihad.

The deal, if it goes through, will give the third-biggest Mideast carrier more say over Jet’s operations and its day-to-day management, with Goyal’s voting rights capped at 10 percent, BTVI said. Indian regulations cap airline ownership by foreign operators at 49 percent, and also prohibit them from taking control.

Etihad, which lost $3.5 billion over two years, last week scrapped orders for 10 Airbus SE A320neo aircraft and revealed plans to cut 50 pilot posts this month. Chief Executive Officer Tony Douglas has put the brakes on a costly bid to challenge bigger Gulf rivals Emirates and Qatar Airways, saying he’ll focused more on local needs rather than carrying passengers between continents.

–With assistance from Layan Odeh and Sam Nagarajan.

To contact the reporter on this story: Anurag Kotoky in London at akotoky@bloomberg.net

To contact the editors responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net, ;Anthony Palazzo at apalazzo@bloomberg.net, Christopher Jasper, John Bowker

For more articles like this, please visit us at bloomberg.com

Image from http://www.boeing.com

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