Fitch Rates Boeing’s Proposed Senior Unsecured Notes ‘A’

NEW YORK CHICAGO, Oct 28, 2014 (BUSINESS WIRE) —
Fitch Ratings expects to assign an ‘A’ long-term rating to The Boeing
Company’s (BA) proposed issuance of approximately $850 million of senior
unsecured notes. The notes will be issued in three parts, with
maturities of 2017, 2021, and 2024. Proceeds will be used for general
corporate purposes, including funding of Boeing Capital Corporation
(BCC).

The Rating Outlook is Stable. The ratings cover approximately $9.1
billion of debt ($7.25 billion at BA and $1.85 billion at BCC), pro
forma for today’s issuance, recent maturities, and near-term maturities.
A full list of ratings is included at the end of this release.

Fitch notes that BCC had $500 million of debt mature on Oct. 27, with an
additional $150 million maturing next week. Today’s issuance will
continue the shift of external debt to the parent’s balance sheet and
away from BCC following Boeing’s full guarantee of BCC’s outstanding
public debt in early 2013. Fitch expects some of the proceeds of today’s
issuance could be lent to BCC

Article source: http://www.marketwatch.com/story/fitch-rates-boeings-proposed-senior-unsecured-notes-a-2014-10-28

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Can Smaller Tails Mean Greener Planes?

aerospace, green, flight, fuel, aerodynamicThe large amount of jet fuel required to fly an airplane from point A to point B can have negative impacts on the environment and—as higher fuel costs contribute to rising ticket prices—a traveler’s wallet. With funding from NASA and the Boeing Company, engineers from the Division of Engineering and Applied Science at Caltech and their collaborators from the University of Arizona have developed a device that lets planes fly with much smaller tails, reducing the planes’ overall size and weight, thus increasing fuel efficiency.

On October 8, the researchers—including Emilio Graff, research project manager in aerospace at Caltech and a leader on the project—were presented with a NASA Group Achievement Award “for exceptional achievement executing a full-scale wind-tunnel test, proving the flight feasibility of active flow control.”

Source: CalTech

An airplane’s tail forms a critical part of the control system that helps steer the plane during flying. During flight, air rushes around the vertical tail with great force and is deflected by the tail’s rudder—a moveable flap at the rear of the tail that can steer the plane by angling air to the left or right. By moving the rudder left or right, a pilot can move the air in one direction or the other, helping to keep the plane flying straight during a strong crosswind.

During the high speeds of flight, the air flow around the tail is so strong that the rudder can control the plane’s path with

Article source: http://www.engineering.com/DesignerEdge/DesignerEdgeArticles/ArticleID/8807/Can-Smaller-Tails-Mean-Greener-Planes.aspx

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Fairfield Flying Aces: Generations bond, imaginations soar with model planes

Men who once were active pilots and air crew chiefs are now passing their enthusiasm and know-how about flying to young people through a model plane workshop at the Fairfield Senior Center.

The program’s first session, called Build-A-Plane Day, took place Saturday morning.

In the center’s wood-working room, several members of the Fairfield Flying Aces Club guided young people in assembling rubber-band powered model planes that would later be flight tested. Together, the intergenerational group worked side by side, cutting, trimming and gluing the various aircraft parts, all the while discussing flight dynamics and theory.

Rick DeAngelis, 79, of Fairfield, who organized the Flying Aces Club in 2002, led the workshop. “We are 28 guys now, all members of the senior center,” he explained. “Half are former Air Force veterans, the other half are model airplane enthusiasts. We meet Wednesday afternoons from 1 to 3 p.m., flying planes that we’ve built at home in the gym here. We fly both rubber-band powered and micro-radio-controlled planes,” known as micro RCs.

When DeAngelis started the Aces, there were just a half dozen members, but it has grown quickly. Over time, the group decided to involve young enthusiasts. “RCs have gotten expensive while rubber-band-powered planes are much less expensive,” said DeAngelis. “They cost just $1.50 to build and are easier for kids. We don’t charge any fees for the workshop. I buy the kits and donate them.”

The “stick-and-tissue” kits, as they are commonly known, consist of balsa wood parts, plastic propellers and tissue paper.

DeAngelis said that his

Article source: http://www.fairfieldcitizenonline.com/news/article/Fairfield-Flying-Aces-Generations-bond-5855108.php

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Windowless Plane Would Let Passengers See World Around Them

If a window seat is enough to make you nervous on a flight, you might want to avoid a new kind of plane that could fly in as soon as a decade.

UK-based tech innovation company Centre for Process Innovation (CPI) hopes to be among the first to design a windowless aircraft. Instead of windows, the plane would have high-definition, flexible screens to show what’s happening outside, as it soars through the air.

See also: Elon Musk Is Worried Flying Cars Could Fall on Your Head

outside-flight

Image: CPI

In other words, there are no actual windows in the plane’s passenger section; the displays create the illusion that the cabin walls are transparent.

The concept for windowless aircrafts with displays isn’t entirely new. A Paris-based company has a similar project in development, and there’s also a design in the works for a windowless jet. But CPI believes the vision could become a reality within 10 years.

The imaging you’d see from the panels would come from mounted cameras outside of the aircraft that the developers say could offer an unobstructed panoramic view, meaning no visible wings or engines. Users could adjust the settings and use the displays for in-flight services, the company said.

The plane would use OLED screens (a high-end, thin-film display technology) with protective coatings made to preserve the displays for its lifetime.

Passengers would also be able to see and set their screen to show a live

Article source: http://mashable.com/2014/10/27/windowless-plane-oled/

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Behind the Wheel of the Bespoke Bentley

In Crewe, in the northeast of England, Noel Thompson is using an ordinary kitchen fork to punch a perforated line into a lovely piece of burgundy leather. He’s one of 3,700 employees who make one of the world’s most coveted luxury goods, the Bentley, and Thompson’s will be just one pair of hands working for nearly four hours to make each steering wheel. He’s creating the holes that his neighbor will then hand-sew together, securing the leather around the metal wheel. There’s only one machine stitch on the entire wheel, used to ensure an even pressure across the leather.

This fork-hole-punching could be a metaphor for the company’s overall manufacturing, how it toes the line between the bespoke, handmade 95-year history of the car while incorporating new machinery and leading technology. There were, Thompson tells me, a variety of other methods, including machines, tried for hole-punching but, he says, “we’ve gone back to the old way of doing it.” Simply put, every Bentley is still handmade, but the company has adopted machinery to streamline processes and to avoid human error and save time on the production line (likely the influence of the Germans; VW purchased Bentley in 1998). The leather for the steering wheel, for example, is cut by a computer-controlled machine—intentionally a little small so that it will be stretched taut as the team hand stitches it around the metal wheel. At her Coronation Festival in 2013, The Queen of England was shown a demonstration, in Buckingham Palace

Article source: http://www.thedailybeast.com/articles/2014/10/27/this-bentley-has-your-name-on-it.html

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Jerrie Mock in the ‘Spirit of Columbus’ (All photos from Facebook page of …

How had I, a kid in northern Ohio then and stuck on Amelia Earhart from an early age, missed that? Well, as I learned from my recent casual polling, I was far from alone in missing Jerrie’s adventure and not recognizing her name.

But think about it; it makes sense that we all knew of Amelia. When Earhart was flying in 1937, it was the between-the-wars Golden Age of Flight. Charles Lindbergh crossed the Atlantic nonstop in 1927. There were air races, barnstorming, round-the-world flights. Commercial airlines began, including luxurious (!) long-distance flights. There were dirigibles and seaplanes. Amelia was a natural for the era: dashing, adventurous, and modern. She had a great silver plane, a Lockheed Electra 10E, and married savvy book publisher and publicist extraordinaire George Putnam.

Jerrie Mock 1964 (Columbus Dispatch)
Amelia Earhart 1937 (Wikimedia Commons)

By the 1960s, the Space Age had arrived. We were chasing Sputnik and looking at pictures from the far side of the moon. Science was about rockets and computers. Astronauts like Alan Shepherd and John Glenn were king, and the universe beyond earth took over our imagination.

So, what did we miss by missing Jerrie Mock?

Jerrie was a mix of unconventional and conventional. She was interested in flying even as a child. She studied aeronautical engineering at The Ohio State University in 1943. She dropped out to marry, had two kids and later a third. She earned

Article source: http://www.theatlantic.com/national/archive/2014/10/the-flying-housewife/381940/

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Fitch Rates Boeing’s Proposed Senior Unsecured Notes ‘A’

Local News

York man, 76, sentenced to 5 years for soliciting boy

Article source: http://www.heraldonline.com/2014/10/28/6465919/fitch-rates-boeings-proposed-senior.html?sp=/100/773/385/

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