Could The C-17 See Life In The Civilian Market? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne/NBAA2014 10.24.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.24.14 **
** Airborne/NBAA2014 10.22.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.22.14 **
** Airborne/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **

Mon, Mar 05, 2007

Could The C-17 See Life In The Civilian Market?

Report Says Boeing Receives Letter of Intent From Upstart Cargo Airline

Global Heavylift Holdings, looking to utilize military cargo planes for commercial purposes like carrying heavy and oversize machinery, plans to purchase new or used C-17s from Boeing, reported Bloomberg.

Global Heavylift has approached Boeing with a $10.8 billion letter of intent from Oppenheimer & Co. to fund the purchase, according to Myron Stokes, a Global Heavylift co-founder.

The planes would be used to carry heavy and oversize machinery, including oil rigs, bulldozers and mining equipment, and would be leased, Stokes said. The planes have a list price of $200 million.

"If you're developing new oil and gas, gold or diamonds, these things usually are not very easy to get to,' Stokes said. "C-17s are able to go wherever there's flat earth' for them to land."

Ironically, the announcement came just one day after Chicago-based Boeing reported it would cease production of the C-17 planes in mid-2009 due to a lack of orders. Boeing needs orders for 16 more planes to keep the line open, according to Dave Bowman, the aircraft's program manager.

Bowman said Saturday there has been interest in commercial use of the C-17s, although Boeing spokesman Rick Sanford couldn't immediately confirm the company has gotten a request from Global Heavylift.

"We have been speaking with serious companies that have a strong interest in obtaining derivatives of the C-17 for commercial use," Sanford said Sunday. "That will be moot unless we get the funding from the US government to keep that line open."

Global Heavylift's plans include purchasing 60 used planes from the government, which gives the military an opportunity to update its own inventory, or 30 new planes, Stokes said.

The company has also expressed interest in taking over Boeing's production line if the aircraft manufacturer is forced to cease making the C-17s.

Boeing has 190 US Air Force C-17s under contract and will deliver the 162nd of those next week, Bowman said. While the Defense Department added funding for 10 more planes in December, it didn't request money for new C-17s in the 2008 federal budget, which was released last month.

Global HeavyLift Holdings, LLC (GHH) is a Florida-based air cargo entity founded in 2002, and initially involved in developing the intellectual resources supporting development of infrastructure of an American-controlled heavy-lift operator.

FMI: www.boeing.com

Advertisement

More News

Airborne 10.24.14: AML's Innovations, NASA Preps For Mars, LightHawk Saves

Also: AW609 Pilots Honored, Airbus' VIP Cabin, FreeFlight's FTX-200, Quicksilver S-LSA Milestone During our visit this week to NBAA 2014, Jim Campbell had a chance to talk with Mar>[...]

Airborne at NBAA-10.22.14: Legacy 500, Universal InSight, BendixKing AeroWave

Also: GE Honda, Sagem's Active SideStick, Syberjet Update, Techno Aerospace Knows How to Party The FAA handed over certification papers for Embraer's Legacy 500 executive jet durin>[...]

Airborne 10.24.14: AML's Innovations, NASA Preps For Mars, LightHawk Saves

Also: AW609 Pilots Honored, Airbus' VIP Cabin, FreeFlight's FTX-200, Quicksilver S-LSA Milestone During our visit this week to NBAA 2014, Jim Campbell had a chance to talk with Mar>[...]

AD: Pacific Aerospace Limited Airplanes

AD NUMBER: 2014-21-02 PRODUCT: Pacific Aerospace Limited Model FU24-954 and FU24A-954 airplanes.>[...]

ANN's Daily Aero-Linx (10.25.14)

The Canard Zone An online forum by and for owners and builders of canard aircraft.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC