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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

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 09.28.16: NEW DJI Mavic!, EAA's Next STC, Sean Tucker Honored

Also: LA Times v SMO, APS UAT Program, Gordon Bennett 2016, Tucson Control Tower, Hubble Find, Southwest Airlines, Iowa State Another new small unmanned aerial system is now on the>[...]

AeroSports Update: Sean Tucker Is Honored By The CAF

Aerobatic Pilot Sean Tucker Receives The 2016 Lloyd P. Nolen Lifetime Achievement In Aviation Award Aerobatic pilot Sean D. Tucker has been named the recipient of the Lloyd P. Nole>[...]

Elon Musk Outlines Vision For Martian City

Rockets Carrying As Many As 200 People Could Leave For The Neighboring Planet In 'Decades' No one can deny that Elon Musk thinks big, and in a speech at the International Astronaut>[...]

Dutch Investigators Release Findings In MH17 Shootdown

Determines That The Missile 'Came From Russia' The Buk missile that destroyed Malaysia Airlines Flight MH17 over eastern Ukraine in 2014 came from Russia, according to a Dutch-led >[...]

ForeFlight, SiriusXM Introduce Satellite Aviation Weather Service

Weather And Other Key Information Available Using The SXAR1 Portable Receiver Today ForeFlight and SiriusXM introduced SiriusXM Aviation weather service on the newest version of Fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC