The Facts
spendthrift - the items have always been demonised as a target for anyone looking at corporate excesses - and not surprisingly after the chief executives of various American car makers flew in them to Washington to beg for bailout cash. This will have a direct impact on the way companies are seen to be using the money they were given by the government - public money. Jets will still undoubtably be purchased, but it is the lavishness, luxury and extravagance of these jets that is key. At a time when we are being urged to recycle, many corporations may opt to pick themselves up something less expensive - a second hand jet, many of which are sold as near to new as possible. So where should the industry turn next? How can changes be made that can lead to an upturn in industry spend that won’t look bad from economical or environmental angles? Hines Aircraft have the solution in a greener, cheaper aircraft. Their new light aircraft is powered by a brand new propulsion system which is as quiet as a glider, has long range travel capabilities at near-jet speeds and has 50% lower operating and maintenance costs than current technology. Bizarrely, it is actually more fuel efficient and cheaper on a theoretical journey from Toronto to Miami than a Buick driving the journey on the road. The Hines H325 six seat green aircraft burns 10 gallons of fuel per hour as opposed to the typical 90 of a standard jet.
The team are headed up by Paul Hines, a 30 year pilot and creator of the concept. Working
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The base cost is $1.2m compared to $2.7m for a Cessna Mustang
It uses 9.8 gallons of fuel per hour compared to the 298 gallons the Hawker 850Xp burns
The cabin can take up to 6 passengers
Takes unleaded fuel as well as 91 Auto
Has a maximum range of 2,650 miles, over a 1000 more than a Socata TBM850
alongside him are Iain Burnett, the ex-CFO at Boeing Toronto; Harold E. Rafuse, a 46 year aerospace exec and former White House Science and Technology Advisor and a team of aircraft designers and avionics experts. They have completed computer simulations of the propulsion system and done the preliminary designs. To move onto phase 2 of their project they are looking for investment of $20+ million, for phase 3 $100 million and $30 million for phase 4 to be completed 2012.
To find out more about Hines Aircraft and their new propulsion system, visit hinesaircraft.com
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