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1. Aviation show set to unveil ventures of interest
Aviation show set to unveil ventures of international interest
The aviation trade-show Flair 2011 is set to publicly unveil a number of new products that are already gaining strong international interest and could change the face of aviation in New Zealand.
Flair 2011 is being held at the Te Kowhai airfield near Hamilton on 13, 14 and 15 October. It has been timed to attract people in New Zealand for the Rugby World Cup who might be buyers or investors. The show is also available to members of the public.
Event organizer, Shaun Mitchell of the Waikato Aviation Cluster, says some of the new products have been shown at the world-renowned airshow Oskkosh in Wisconsin USA, but haven’t been on view to the New Zealand public before.
“I think people will be surprised and impressed with what we have at Flair 2011. Some of the developments in aviation that we are show casing are genuinely world-leading.
“We are also able to give a comprehensive view at this trade show of where the aviation industry is at in New Zealand at the moment. So we believe there will be something for buyers, investors, enthusiasts or anyone considering a career in aviation,” says Shaun Mitchell.
There are ten new products being unveiled at Flair 2011. These include the world’s first helicopter with a carbon fuselage, a new UAV (unmanned aerial vehicle) for high-resolution mapping, a new aircraft designed for the courier industry in the United States and a breakthrough seaplane design.
There will also be aviation of more general interest, including a display of the Martin Jetpack, named by Time Magazine as one of the top 50 inventions for 2010. Inventor Glenn Martin will be holding public seminars along with a series of seminars from other international aviation experts who will be present at Flair 2011.
Flair 2011 is open to the public from 9am to 5pm at Te Kowhai airfield on Thursday, Friday and Saturday (13,14 and 15 October).
There are no tickets sales available prior to the event, with gate sales only. Tickets are $10 each day for Thursday and Friday and $15 for Saturday. A 3-day pass will be available for $25. Children under 14 years are $6 and under 5 years are free entry.
2. Investors snap up annuities despite low rates of return
WASHINGTON — Not too long ago, if you mentioned the word annuity to investors, their eyes glazed over. But now individual investors, panicked by stock-market sell-offs that threaten their retirement dreams, have been doing something new: asking for them.
Paradoxically, they are looking for these retirement insurance products that come with guarantees at a time when many annuity payouts are puny, thanks to ultra-low interest rates.
“This year will indeed be a record-setting one for the industry,” said Cathy Weatherford, president of the Insured Retirement Institute, an annuities trade group.
Sales of annuities hit $60.4 billion in the second quarter of 2011, up 10 percent from the second quarter of 2010, the group reported.
Savers have been piling both into variable annuities, which allow investors to choose underlying investments and are typically used to accumulate retirement savings, and into fixed annuities, which offer a guaranteed, preset monthly payment for life and are typically bought during a person’s retirement years.
For years, annuities got a bad rap for high fees, confusing choices and poor investment performance, which is why the uptick in sales worries experts such as Sheryl Garrett, a fee-only financial adviser in Kansas City, Mo. “For the most part, annuities have historically been oversold,” said Garrett, who doesn’t usually recommend annuities but has been getting questions about them from clients seeking security. “Right now, they may be being overbought.”
Low rates, low returns
The new demand for secure payouts is unsurprising, given the rocky returns posted by stocks.
Meanwhile, banks and bonds are paying minuscule interest. The benchmark 10-year U.S. Treasury is yielding less than 2 percent, near a generational low.
Although low interest rates are driving the hunt for income, those low rates also mean that immediate-
annuity payouts are exceptionally low, too. Buy-high, sell-low consumer investors might be racing to the right place at the wrong time.
“The resiliency of second quarter’s fixed-annuity sales is remarkable, given that interest rates were below those of the year-ago or prior quarters,” said Beacon Research President and CEO Jeremy Alexander. “Though rates have continued to decline, there has been a general flight to safety that may make the third quarter another strong one for fixed annuities.”
New solutions
The annuities industry is trying to meet investor concerns by refining products. ING USA Annuity and Life Insurance Co. now allows investors to benchmark their annuities to short-term interest rates so they can take advantage of rising rates in the future.
The New York Life plan is a deferred fixed annuity so that savers can spread out their purchases of annuities over years, presumably taking advantage of rising interest rates along the way.
Retirees who want to lock in immediate fixed annuities can do that gradually by spreading out their purchases so they end up buying several smaller annuities over years instead of buying them all at once.
Consumers also should make sure they aren’t paying too much for the warm comfort they think they are getting from annuities.
“The monthly payouts of the best and worst deals among financially secure insurers usually vary by about 20 percent. That’s a 20 percent difference in your monthly income every month of your life,” said Bob Carlson, editor of “Retirement Watch” newsletter.
3. ExecuJet Aviation Group’s sales continue to grow through 2011
Swiss-headquartered, ExecuJet Aviation Group reports a continued growth in new and pre-owned aircraft sales since the beginning of the year, and is predicting the trend will continue well into 2012.
Year on year figures show its deliveries in 2011 increased by almost 100%, with aircraft sales revenues up by 90%. “We’ve never been busier, margins are growing and the amount of aircraft we’re working with is expanding” says Andrew Hoy, Managing Director of ExecuJet Aviation Trading, the sales arm of the ExecuJet Aviation Group. During this spring ExecuJet experienced a peak in activity with six aircraft being sold across five continents in less than four months - with lead times as short as six weeks in some cases. In two specific acquisition agreements, ExecuJet were trusted to find, refurbish and deliver aircraft without the principal seeing the aircraft prior to delivery. “They climbed the air stairs, turned right and smiled,” added Hoy.
Two Learjet 45s were sold to Europe from South Africa; a Global Express was shipped to China; a European Learjet 60 was sold to the burgeoning Brazilian market; a number of Challenger 300’s were delivered to China and a Global Express changed hands from South Africa to the USA. Each of the deliveries was handled by ExecuJet, reflecting the end to end service the 20-year old business offers.
Other ExecuJet aircraft sales have seen deliveries of a Challenger 605 to Asia, a further Learjet 60 to the USA from Australia, and a CJ3 moving from South Africa to the USA. Wide bodied, long range aircraft have been the most requested category and requests for the GIVs have risen significantly. The aircraft’s reliability and a gradual increase in their pricing, owing to demand, has seen this sector of the market particularly active. The current price point for smaller jets has encouraged serious buyers to purchase and the narrow body market is also seeing movement with cash deals prevailing in this sector. Hoy suggests that, "in spite of market uncertainty businesses are still operating and need to move their executives around. The trend by scheduled airlines to reduce frequencies and routes has resulted in a growing need for business aviation options. We are pleased to say that the executive aircraft is being recognised as an increasingly valuable business tool again.”
ExecuJet only International member of the North American Retail Association (NARA)
ExecuJet is also gaining recognition in the American market where aircraft sales have been slower than normal. Formally invited by the North American Retail Association to join the group ExecuJet is now the only international member, a position allowing them to maximise access to the American aviation market. Hoy adds: “Along with direct clients, we are now in the position where we find other aircraft brokers wanting to buy from us which indicates the levels of service we have achieved. We happily share market information with other NARA members”
ExecuJet prides itself on adding value to the transaction right up to being on board for the delivery flight. Provision of support for Pre and Post Inspection (PPI) aspects of the sale has created stronger relationships which results in a seamless acquisition process for the clients. The sales business aims to be transparent in its sales process and works with either an acquisition agreement or a mandate to sell which avoids the historical back to backing of aircraft sales. Since the launch of its sales division in 2009, ExecuJet has focused on selling new aircraft and pre-owned models across all manufacturers. “The team has quickly established an excellent reputation and this trust from the market has considerably supported its expanding sales business.
Aviation NEWS By
Neha Jain
Aviation NEWS Reporter
1. Aviation show set to unveil ventures of interest
Aviation show set to unveil ventures of international interest
The aviation trade-show Flair 2011 is set to publicly unveil a number of new products that are already gaining strong international interest and could change the face of aviation in New Zealand.
Flair 2011 is being held at the Te Kowhai airfield near Hamilton on 13, 14 and 15 October. It has been timed to attract people in New Zealand for the Rugby World Cup who might be buyers or investors. The show is also available to members of the public.
Event organizer, Shaun Mitchell of the Waikato Aviation Cluster, says some of the new products have been shown at the world-renowned airshow Oskkosh in Wisconsin USA, but haven’t been on view to the New Zealand public before.
“I think people will be surprised and impressed with what we have at Flair 2011. Some of the developments in aviation that we are show casing are genuinely world-leading.
“We are also able to give a comprehensive view at this trade show of where the aviation industry is at in New Zealand at the moment. So we believe there will be something for buyers, investors, enthusiasts or anyone considering a career in aviation,” says Shaun Mitchell.
There are ten new products being unveiled at Flair 2011. These include the world’s first helicopter with a carbon fuselage, a new UAV (unmanned aerial vehicle) for high-resolution mapping, a new aircraft designed for the courier industry in the United States and a breakthrough seaplane design.
There will also be aviation of more general interest, including a display of the Martin Jetpack, named by Time Magazine as one of the top 50 inventions for 2010. Inventor Glenn Martin will be holding public seminars along with a series of seminars from other international aviation experts who will be present at Flair 2011.
Flair 2011 is open to the public from 9am to 5pm at Te Kowhai airfield on Thursday, Friday and Saturday (13,14 and 15 October).
There are no tickets sales available prior to the event, with gate sales only. Tickets are $10 each day for Thursday and Friday and $15 for Saturday. A 3-day pass will be available for $25. Children under 14 years are $6 and under 5 years are free entry.
2. Investors snap up annuities despite low rates of return
WASHINGTON — Not too long ago, if you mentioned the word annuity to investors, their eyes glazed over. But now individual investors, panicked by stock-market sell-offs that threaten their retirement dreams, have been doing something new: asking for them.
Paradoxically, they are looking for these retirement insurance products that come with guarantees at a time when many annuity payouts are puny, thanks to ultra-low interest rates.
“This year will indeed be a record-setting one for the industry,” said Cathy Weatherford, president of the Insured Retirement Institute, an annuities trade group.
Sales of annuities hit $60.4 billion in the second quarter of 2011, up 10 percent from the second quarter of 2010, the group reported.
Savers have been piling both into variable annuities, which allow investors to choose underlying investments and are typically used to accumulate retirement savings, and into fixed annuities, which offer a guaranteed, preset monthly payment for life and are typically bought during a person’s retirement years.
For years, annuities got a bad rap for high fees, confusing choices and poor investment performance, which is why the uptick in sales worries experts such as Sheryl Garrett, a fee-only financial adviser in Kansas City, Mo. “For the most part, annuities have historically been oversold,” said Garrett, who doesn’t usually recommend annuities but has been getting questions about them from clients seeking security. “Right now, they may be being overbought.”
Low rates, low returns
The new demand for secure payouts is unsurprising, given the rocky returns posted by stocks.
Meanwhile, banks and bonds are paying minuscule interest. The benchmark 10-year U.S. Treasury is yielding less than 2 percent, near a generational low.
Although low interest rates are driving the hunt for income, those low rates also mean that immediate-
annuity payouts are exceptionally low, too. Buy-high, sell-low consumer investors might be racing to the right place at the wrong time.
“The resiliency of second quarter’s fixed-annuity sales is remarkable, given that interest rates were below those of the year-ago or prior quarters,” said Beacon Research President and CEO Jeremy Alexander. “Though rates have continued to decline, there has been a general flight to safety that may make the third quarter another strong one for fixed annuities.”
New solutions
The annuities industry is trying to meet investor concerns by refining products. ING USA Annuity and Life Insurance Co. now allows investors to benchmark their annuities to short-term interest rates so they can take advantage of rising rates in the future.
The New York Life plan is a deferred fixed annuity so that savers can spread out their purchases of annuities over years, presumably taking advantage of rising interest rates along the way.
Retirees who want to lock in immediate fixed annuities can do that gradually by spreading out their purchases so they end up buying several smaller annuities over years instead of buying them all at once.
Consumers also should make sure they aren’t paying too much for the warm comfort they think they are getting from annuities.
“The monthly payouts of the best and worst deals among financially secure insurers usually vary by about 20 percent. That’s a 20 percent difference in your monthly income every month of your life,” said Bob Carlson, editor of “Retirement Watch” newsletter.
3. ExecuJet Aviation Group’s sales continue to grow through 2011
Swiss-headquartered, ExecuJet Aviation Group reports a continued growth in new and pre-owned aircraft sales since the beginning of the year, and is predicting the trend will continue well into 2012.
Year on year figures show its deliveries in 2011 increased by almost 100%, with aircraft sales revenues up by 90%. “We’ve never been busier, margins are growing and the amount of aircraft we’re working with is expanding” says Andrew Hoy, Managing Director of ExecuJet Aviation Trading, the sales arm of the ExecuJet Aviation Group. During this spring ExecuJet experienced a peak in activity with six aircraft being sold across five continents in less than four months - with lead times as short as six weeks in some cases. In two specific acquisition agreements, ExecuJet were trusted to find, refurbish and deliver aircraft without the principal seeing the aircraft prior to delivery. “They climbed the air stairs, turned right and smiled,” added Hoy.
Two Learjet 45s were sold to Europe from South Africa; a Global Express was shipped to China; a European Learjet 60 was sold to the burgeoning Brazilian market; a number of Challenger 300’s were delivered to China and a Global Express changed hands from South Africa to the USA. Each of the deliveries was handled by ExecuJet, reflecting the end to end service the 20-year old business offers.
Other ExecuJet aircraft sales have seen deliveries of a Challenger 605 to Asia, a further Learjet 60 to the USA from Australia, and a CJ3 moving from South Africa to the USA. Wide bodied, long range aircraft have been the most requested category and requests for the GIVs have risen significantly. The aircraft’s reliability and a gradual increase in their pricing, owing to demand, has seen this sector of the market particularly active. The current price point for smaller jets has encouraged serious buyers to purchase and the narrow body market is also seeing movement with cash deals prevailing in this sector. Hoy suggests that, "in spite of market uncertainty businesses are still operating and need to move their executives around. The trend by scheduled airlines to reduce frequencies and routes has resulted in a growing need for business aviation options. We are pleased to say that the executive aircraft is being recognised as an increasingly valuable business tool again.”
ExecuJet only International member of the North American Retail Association (NARA)
ExecuJet is also gaining recognition in the American market where aircraft sales have been slower than normal. Formally invited by the North American Retail Association to join the group ExecuJet is now the only international member, a position allowing them to maximise access to the American aviation market. Hoy adds: “Along with direct clients, we are now in the position where we find other aircraft brokers wanting to buy from us which indicates the levels of service we have achieved. We happily share market information with other NARA members”
ExecuJet prides itself on adding value to the transaction right up to being on board for the delivery flight. Provision of support for Pre and Post Inspection (PPI) aspects of the sale has created stronger relationships which results in a seamless acquisition process for the clients. The sales business aims to be transparent in its sales process and works with either an acquisition agreement or a mandate to sell which avoids the historical back to backing of aircraft sales. Since the launch of its sales division in 2009, ExecuJet has focused on selling new aircraft and pre-owned models across all manufacturers. “The team has quickly established an excellent reputation and this trust from the market has considerably supported its expanding sales business.
USA Aviation NEWS
Aviation NEWS By
Neha Jain
Aviation NEWS Reporter
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