Irkut Ready to Compete with Boeing and Airbus

Russian Aircraft Manufacturer company known as the Irkut claimed to be ready to rival the dominance of Boeing and Airbus. The company, as Xinhua news on Monday (14/11/2011) says MC-21 or in the Latin alphabet the MS-21 as a mainstay in the Dubai Air Show. "We designed the MC-21 as a fuel-efficient aircraft with lighter weight than Western-made," said Vice President of Sales and Marketing Irkut Budaev Kirill.

MC-21 aircraft has three modifications to the MC-21-200, MC-21-300, and MC-21-400. Tag of this series was in the range 69 million to 84 million U.S. dollars. "Over 20 percent cheaper than the price of Boeing 737," said Budaev.

Irkut now has 14,000 workers. Join the company which was formed in 2007 that the majority of shares controlled by the Russian government.

According to plan, test flying the MC-21 aircraft will be realized in 2013. Meanwhile, the first delivery in 2016.

Red Arrows Accident: Active Catapult Seats in the Earth, the Red Arrows Pilot Killed

Flt Lt Cunningham-Red Arrows Pilot Accident

A pilot member of the Red Arrows aerobatics team of the British Royal Air Force, Royal Air Force (RAF), was killed after the chair thrower in the aircraft to be active when the plane he was flying was still in the ground. Parties RAF said it was continuing to investigate the causes of these tragic incidents.

The incident occurred at the air base at RAF Scampton near Lincoln, eastern England, on Tuesday (8/11/2011) afternoon local time. The paramedics from East Midlands Ambulance and the Lincolnshire and Nottinghamshire Air Ambulance were sent to the crash site at 11:09 GMT or 18:09 pm yesterday.

The BBC reported, some T1 Hawk trainer aircraft used during this Red Arrows team was parked in one corner of the RAF Scampton base. Part one of the aircraft canopy looked shattered. The plane was later seen covered with tarpaulins.

Chris Boatman, a local resident who lives near the air base, said loud explosions heard from inside the base.

The RAF did not give details of the incident in more detail, including the identity of the pilot were killed. "It's not worth speculating about the cause of the incident until the investigation is completed," said Group Captain (Colonel equivalent) Simon Blake from RAF Scampton.

This is the second Red Arrows pilot who was killed in the last three months. A pilot again, Pilot Lt. John Egging, was killed after his plane crashed while performing in an airshow attraction in southern England.

Problems in the chair thrower Hawk T1 aircraft never found last year, prompting the British Ministry of Defense banned all aircraft types that flew in the UK for nearly a week for a checkup.

The End Stage of Process Indian Fighter Jet Bidding

Government of India, Friday (04/11/2011), will begin the bidding process to determine the winner of the final purchase contract with the middle-class multirole combat aircraft (medium multirole combat aircraft / MMRCA) for the Air Force (AU) it. The winner of this contract will supply the Indian Air Force with 126 new fighter jets.

"The meeting for this offer is scheduled to take place tomorrow," said a Defense Ministry source in India told Reuters on Thursday (3/11/2011).

Two fighter planes from European manufacturers, will compete to win a contract worth U.S. $ 9-14 billion (USD 80.7 to 125.5 trillion), the Dassault of France, which filed its flagship product, Rafale, and Eurofighters, a consortium of four European countries, with champion, Typhoon.

Both the Rafale and Typhoon are both featured in NATO air operations against Libya since March.

Previously, the offer MiG-35 aircraft from Russia, JAS-39 Gripen from Sweden, and the F-16 C / D and F/A-18E/F Super Hornet from the U.S. had already been rejected by India, April.

Another source at the Ministry of Defence India rejected speculation that the 126 aircraft orders will be divided into two equal for the Rafale and Typhoon. Force India likely to choose just one manufacturer to improve its combat capabilities.

"With the potential contract value reached U.S. $ 9-14 billion, this is the single biggest competition in the global air defense industry today and gives the two producers is an opportunity that is needed in key markets," said James Hardy, Editor Asia Pacific magazine Jane's Defence Weekly .

Eurofighters and Dassault stakes are equally huge competition to win the heart of government in India. If the Rafale lost, the manufacturer Dassault will lose orders from abroad and had to fight hard to win the competition in the United Arab Emirates and Brazil. Meanwhile, if Typhoon defeated, Eurofighters could only hope to win contracts from Japan and some other Asian countries.

Meanwhile, the U.S. Defense Department on Wednesday (2/11/2011) expressed its willingness to sell the fifth-generation fighter F-35 Lightning II, if India wants.

"If the Indian government wants to know more about purchasing F-35, we will be more than happy to talk with them," said U.S. Deputy Assistant Secretary of Defense for South Asia Robert Scher, in a report to Congress.

According to the agency thought the Stockholm International Peace Research Institute (SIPRI), India is the largest arms importer in the world, which accounts for 9 percent of the total value of global arms trade from 2006 to 2010.

India touted plans to spend the money worth up to 50 billion U.S. dollars in the next five years to strengthen its military. India's ambition was allegedly aimed at facing growing military strength of China and Pakistan.

About Equipment Lease - Equipment Leasing

Equipment Lease Benefits - Equipment Leasing Tips

equipment leasing

Equipment leases allow a business to finance equipment by paying monthly payments for a certain length of time. Monthly payments in an equipment lease include an agreed-upon interest rate.

Here are some benefits of equipment lease:

At first, equipment leasing provides a business with a way to keep cash flow to invest in other activities. Instead of paying upfront prices that can run into the thousands, leasing allows a business to spread out payments. Most leasing companies need a business to make a small down payment on the equipment being leased. Your down payment is usually the equivalent of two monthly payments for your equipment.

Secondly, you can get an approval decision on an equipment lease usually in short time, probably one to two business days. Equipment leasing companies seek to verify the existence of your business. A credit check is performed on your business. Most leasing companies require bank statements and tax returns of the past two years. New businesses might be approved for leases based on personal credit history. You might still get approved for an equipment lease with an unfavorable credit score. If you have a credit score of less than 600, you are likely to have a higher interest rate on the lease of your equipment.

At the end of your lease term, you have the option of renewing your lease, buying the equipment at fair-market value or returning the equipment to the leasing company. Some leases allow a business to skip payments. Deferred payments for 90 days and step-up leases are other options. Step-up leases allow a business to make small payments at first, then larger ones as your business grows. The leasing company usually retains ownership of the equipment.

In the last 30 days of your lease, commonly you are required to give your leasing company written notice of your intention to buy or give the equipment back. The buyout option allows a business to purchase the equipment for its fair-market worth. In case that you chose a lease agreement with a 10 percent lease buyout, you must pay 10 percent of the original purchase price. The benefit of a 10 percent lease is that you'll make lower monthly payments. Capital leases allow you to buy the equipment for $1 at the end of the lease, but you must make higher monthly payments.

Another benefit, your payments are 100 percent tax deductible, if the equipment you're leasing is used to operate your business, the equipment must be a necessity to operate your business for it to be considered 100 percent tax deductible. It might be the best argument for leasing equipment. If the equipment isn't used to operate your business, it might still qualify for a deduction, but not 100 percent. For instance, if you own a bakery and you're leasing an expensive mixer to bake cakes, your lease payments on the mixer are 100 percent tax deductible. If you lease a credit card machine, you might get a deduction but not a full one. The credit card machine is not a necessary piece of equipment used to operate your business.

Finance Equipment Financing

How to Get Finance Equipment?

Equipment Aircraft Financing

The process of equipment financing is not as frightening as finding the right financing provider. Equipment providers, local banks and business lenders offer their own incentives but you need to decide the right finance options for you. You need to weigh the cost of this equipment against the productivity it will yield in the future before you finance equipment.

Here are some tips to get finance equipment.

To begin with, you should learn from other small business owners who finance equipment in the early stages of their venture. You can avoid common pitfalls or barriers when searching for startup funds while your equipment finance experience is unique from other owners. Speak with local business owners and read equipment finance testimonials at Direct Capital to get a full picture

In the second place, consider trading in your old equipment to help finance new purchases when using the same provider. For example, you may be able to use a pressure washing machine that is already paid off to bring down the monthly payments on a new washer. Trade in value is far less than original price due to depreciation but it can help offset the expense of vital machinery.

Eventually, compare the financing options available through several companies that have similar inventories. While the price range is limited because a company cannot legally undersell the competition, financing fees and interest add up over several years.

Then, select a financing length that allows you to afford new equipment without excessive long-term costs. The appeal of 60 month financing options and their lower monthly payments should be overlooked for shorter-term agreements that do not compound as much interest. Keep in your mind that you should to wait to finance equipment until interest rates are on the way down. Most equipment financing contracts employ a variable interest rate because both companies and customers benefit from fluctuations in interest. Take advantage of low rates early in the repayment process by paying more than the minimum payment amount.

Lastly, negotiate certain aspects of financing with vendors you use on a regular basis. As your business grows, you will need equipment that can become prohibitively expensive without finding ideal financing. You can usually get a better value on trade-ins or lower monthly payments if you ensure a certain amount of business to the equipment provider.