[Peetwo]

A Fox in the Dept & miniscule's chookhouse shed?

Reference from above in a short exercise of joining the dots  :

YSCB in stoush with RAAA -

The following is a link for the RAAA submission to the Productivity Commission inquiry into the airports: https://www.pc.gov.au/__data/assets/pdf_...rports.pdf

Case study 8

Canberra Airport
For Canberra Airport, Airservices Australia has been obliged to put the following warning in its En Route Supplement Australia: “During strong westerly winds TURB may be experienced in touch down area LDG RWY 35” This warning of turbulence resulted from airline pilots complaining about a safety issue arising from severe turbulence caused by a hangar that was built too close to the runway. The hangar could have been placed further away from the runway if the land behind the hangar was not being used for non-aeronautical commercial development. Additionally, the ATSB undertook an investigation as a result of an Air Safety Incident Report relating to severe wind turbulence over the threshold of Runway 12 at Canberra due to buildings being too close to that threshold. The report was released in 2011 and noted s i g n i f i c a n t shortcomings and a commensurate reduction in safety as a result of poor consideration of the effect of non-aeronautical developments near Runway 12.

It must be noted that some airports achieve the balance between aeronautical and nonaeronautical development and Essendon Airport is a good example where significant non-aeronautical development has taken place without compromising aeronautical infrastructure. P2 - Note how the RAAA have cleverly stepped around the YMEN DFO prang by stating that they haven't compromised 'aeronautical infrastructure (ps will come back to this bollocks statement very soon)  

Unfortunately for the RAAA took umbrage to the above case study and responded to the PC inquiry with this... :

This submission is related to the Regional Aviation Association of Australia (RAAA) submission dated September 2018 which alleges that Canberra Airport has experienced a reduction in safety due to the wind effects of development too close to Runway 12.

We would like to definitively go on record noting that every building, aviation and commercial, has been approved, both before and after construction, through proper channels which include aviation safety regulators, CASA and Airservices. These allegations are not supported by fact.

Further, the Qantas Hangar and the Majura Office Park buildings have been in position for more than ten years. Aviation users have continued operations since the buildings were complete. We have heard from pilots, who have used this airport for decades, both before and after the construction of these buildings, that from time to time, planes have experienced turbulence due to combinations of Canberra’s unique terrain, and varying wind directions and velocities. This happened sporadically before construction of these buildings, as well as after. There is no pattern of increased claims of turbulence.

Additionally, over the past 20 years, we have had rare turbulent events on 35 Arrival in North Easterly wind (no buildings near), including heavy landings. We log all of these events.

We take allegations of any potential threat to safety very seriously, and Canberra Airport’s risk analysis warns ‘pilots of the rare potential weather event,’ a practical, reasonable and diligent safety management tactic.

Thank you for your consideration in this matter, and please let us know if you have any additional queries.

 

And also from the RAAA submission:

The Importance of Regional Services This is recognised by different Governments and various schemes exist to assist in the provision of regional air services. At the Commonwealth level there is the Enroute Charges Scheme, the Remote Aviation Access Program and the Remote Areas Services Subsidy while at the State level there are some route subsidies, notably in Queensland. These generally target very remote areas but regional aviation also provides essential air services in not so remote areas. A number of local governments value the need for essential air services by partnering with small airline operators to open new routes or re-establish closed routes throug h incentive deals in relation to passenger charges or other start-up costs. Some have assisted the introduction of routes by arranging meetings with and surveying local businesses to gauge the level of support for a new or re-introduced route. For example, Essendon Airport and Sharp Airlines and Coffs Harbour Airport and Corporate Air. 

Case study 5

Essendon Airport
Essendon is in close proximity to Melbourne Airport and has to compete with them to attract airline and corporate operators. When it became apparent that existing operators at Essendon were experiencing difficulties with arrivals and departures due to airspace conflicts with Melbourne Airport, Essendon engaged an independent expert at their own expense to consult with Airservices Australia in order to improve the Air Traffic Services into their airport. While the RAAA takes nothing away from Essendon Airport management, who are genuinely interested in fostering aviation at their airport, it must be noted that this is a rare case where market power does not exist. 

Next this from the Oz yesterday:

Rich-listers in $100m super fund deal to help airport take off

Billionaire Lindsay Fox and fellow rich-lister Max Beck have clinched a deal for their Essendon Airport to raise $100 million in long-term debt from three Australian superannuation funds.

AustralianSuper, the country’s biggest industry super fund, Cbus and fund manager IFM Investors have agreed to lend the money to Mr Fox and Mr Beck’s privately held Essendon Fields over 10 years in a deal understood to be led by Westpac’s institutional bank.

The groundbreaking deal follows that of billionaire Anthony Pratt, who last year arranged with AustralianSuper and IFM to lend $150m to his cardboard box maker and paper recycling firm Visy over 10 years in a deal also led by Westpac.

He has expressed interest in making further agreements with super funds in Australia, and is using the $150m to refinance existing senior debt.

As owners of private companies, the billionaires and rich-listers do not have access to equity markets, making them more reliant on traditional bank financing.

Mr Pratt has promoted the super funds as an alternative source of money. His 2017 deal was one of the first by a large, privately owned Australian company with super funds, and was similar to deals worth more than $500m he has struck in the US in the past two decades to drive the rapid growth of Visy’s sister company Pratt Industries.

A source told The Australian that the Essendon Fields deal mirrored the one arranged by Mr Pratt last year.

Essendon Fields is jointly owned by long-time friends Mr Fox, a transport magnate, and Mr Beck, a property developer.

The duo’s rapid construction at Essendon has left the precinct with a book value of about $1 billion.

The long-term debt will help continue property development at the airport precinct, where management want to build more office towers to complement the large car yard zone and Hyatt Place hotel and conference centre that was opened last year.

It also comes at a time when bank lending practices have come under close scrutiny at the banking royal commission.

Mr Fox, who made the bulk of his estimated $3.56bn fortune from the Linfox logistics and trucking giant, has expressed some frustration with the banks, while Mr Pratt has previously enlisted the help of former Prime Minister Paul Keating to promote his cause.

Mr Pratt has championed the idea of convincing super funds about the merits of lending to Australia’s large and medium-sized businesses, which could allow corporations to bypass the traditional bank lenders or equity markets to fund their expansion plans.

His Pratt Industries has funded the building of several paper mills in the US, typically with money raised in long-term 25-year debt from pension and super funds.

Last year, Pratt Industries had a super fund bond raising of $200m of 30-year debt, which was a mixture of tax-exempt and taxable bonds.

Mr Pratt has previously revealed that all of the debt he has raised in the US has been long-term and at fixed rates, whereas in Australia that figure is closer to 40 per cent.

Another rich-lister, Christian Beck — no relation to Max Beck — last year reportedly raised $350m for his search and software business InfoTrack.

The money was raised from a variety of institutions throughout Asia, including Singapore and Hong Kong, along with Australian and Canadian pension funds, and was arranged by Goldman Sachs and JPMorgan.

Essendon Airport is the biggest corporate jet base in Australia and still runs an operating airport.

It has the largest car dealership precinct in Australia with 15 car sellers.

Its owners are keen to build more office towers.

They plan to roll out one every 18 months.

Mr Fox and Mr Beck paid $22 million to the federal government for a 99-year lease 17 years ago on land that is about 11km from the Melbourne CBD.

Which all kind of makes sense of the miniscule's impromptu YMEN visit back on August 9 2018:



...and dare I say it the ATSB topcover - "the pilot did it" - snowjob of the YMEN DFO accident investigation: http://www.auntypru.com/forum/post-9339.html#pid9339

Ah yes money talks - 


MTF...P2