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ISSN 1172-4153 | Volume 2 | Issue 22 |
| 23 January 2009
How safe is flying?
on the
INSIDE HILLARY’S MISSION
Air NZ crash may be
The Middle East beckons Page 5
linked to other mishaps By Ian Wishart
A string of inflight failures on Airbus jetliners are prompting speculation about the safety of the planes. This afternoon, Airbus announced new safety check procedures for its A320 craft as a result of preliminary investigations into the Air New Zealand crash in the Mediterranean.That warning comes only 24 hours after revelations that the A320 that ditched miraculously in NewYork’s Hudson river last Friday had suffered an inflight failure just two days earlier. In Air New Zealand’s case, initial data from the black box recorders has confirmed the jetliner suffered a massive power surge just as it was coming in to land after a test flight, pushing its nose sharply upwards. Because the plane was so close to the ground the pilots had no opportunity to correct the problem before the plane’s engines stalled and it plunged into the sea. In the NewYork incident,an aircraft that aviation experts say is the same one that crash-landed in the Hudson River experienced engine problems in midflight just two days before, according to passengers. They recalled hearing a series of thunderous bangs about 15 minutes after US Airways Flight 1549 from LaGuardia Airport to Charlotte, N.C., took off on January 13. “It sounded like luggage was dropped on a metal floor, but times a thousand,” said Steve Jeffrey, a passenger on the flight.
Crossfire
PROFITS OF DOOM
Auckland, Jan 23 – An innocent driver was shot and killed in Auckland today and another wounded after a huge police chase, set off by a simple bag snatch in the west of the city. In a confusing climax on the lanes of the north western motorway near Western Springs and Auckland Zoo,
On Jan. 13, flight attendants told passengers the plane would return to LaGuardia, but moments later, the pilot announced the problem had been resolved, said Jeffrey. According to Jeffrey and other passengers,the pilot said the Airbus A320’s right engine had experienced a “compressor stall”– an infrequent but resolvable problem that occurs when airflow into a jet engine is disrupted somehow, aviation experts said.
events ended as police vehicles surrounded a stopped white van and a light truck. The offender, armed with a sawn-off .22 rifle and captured at the scene, had apparently tried to commandeer one or both vehicles at gunpoint. The violence ended in a shootout.
Just after Christmas, a Qantas Airbus A330 suffered a system malfunction that then shut down the plane’s autopilot controls. Initial media reports linked it to a“nearby”US military facility that sends Very Low Frequency radio signals to submarines, but aviation investigators noted the base was hundreds of nautical miles from the plane when the incident happened. Experienced pilots frequenting an aviation forum
Mortgage rates plunge again Wellington, Jan 23 – The outlook for prospective house buyers keeps getting better, as does the size of the relief for owners renewing mortgages. Today, Kiwibank and BNZ became the latest banks to cut rates in response to falling wholesale funding costs. The BNZ’s one and two-year standard/flybuys rate drops 100 basis points to 5.99 percent and the new BNZ classic six-month rate is 5.95 percent. BNZ said 6 percent has historically been an important threshold for customers.
Curson’s analysis
Motorist killed during shootout
Kiwibank took its one-year fixed rate to 5.99 percent, the lowest one-year rate Kiwibank has offered since August 2003. The six-month rate is now 6.49 percent. All other fixed terms were 6.99 percent, with the two-year rate edging down 0.01 percent, and the three to five-year rates dropping 0.11 percent, Kiwibank said. Kiwibank chief executive Sam Knowles said the home loan market was very competitive. On Wednesday, the December Home Loan Afford-
ability report from financial information website www.interest.co.nz showed homes are the most affordable they have been in four years, but are still unaffordable for many and credit rationing by banks isn’t helping. The improvement in affordability was driven largely by lower interest rates in the wake of the Reserve Bank’s 150 basis point cut in the Official Cash Rate (OCR) to 5 percent in early December. It is widely expected to cut the OCR to 4 percent next Thursday.
Before and after... trust Olympus The new E-410 from Olympus For more information contact H.E. Perry Ltd.phone: 0800 10 33 88 | email: sales@heperry.co.nz | www.olympus.com
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