Travel

If Mitsubishi studied pigs and aviation closer

In 2007, CM suggested that the Mitsubishi Regional Jet (MRJ) was doomed to failure at the concept stage.

All the tea leaves were there to be read. A simple study of the widely available Boeing & Airbus 20-yr commercial market forecasts at the time revealed how the regional jet market was set to shrink 40% in favour of larger jets.

Yet the Mitsubishi Aircraft Corp (MAC) pushed on ahead regardless hoping for a 20% share of a collapsing market. What would possess a company to target a dying segment with a product that wasn’t a game changer? A plane that promised to use composites to reduce weight yet was forced back to conventional alloys and to resize because customers had no demand for the original design.

With 90% of the regional market occupied by Bombardier and Embraer, airlines get great efficiencies by sticking to the same brands during upgrade cycles – minimal marginal costs required to train ground staff and pilots. For airlines to pursue a brand new aircraft that offered little in terms of superior economics nor extensive after sales services, it was always going to be the Achilles’ heel for MAC.

Airlines would not only take on extra costs to train existing staff, but would run huge financial risks with leased MRJ’s (now called the Spacejet to rebrand the failure) if they needed to downsize fleets because there would be next to no other airlines to sell or release them to unlike Bombardier & Embraer. Pilots who chose to be certified to fly the Spacejet also risked limited career options if an airline collapsed.

So it is refreshing to read this great summary on Wolf Street of how terribly the aircraft program is (not) progressing in 2019.

It would make a great Harvard Business Review study on how not to crack into a market.

How Gold is made

Take a nerdy 5 minutes to see how gold is made. This was at Sovereign Hill in Ballarat, Victoria. The same 3kg bar has been smelted 90,000 times. No changes to purity whatsoever. Maybe that’s why it has long been regarded as hard currency for over 5,000 years.

Thank the progressive left for this

Image may contain: one or more people

Top marks to the progressive left for generating so much horsesh*t that allows this type of behaviour. If you need an emotional support anything outside of a blanket, you probably shouldn’t be flying. What if CM wanted to bring an emotional support elephant? Why are my rights not equally respected? Supporting mental health is one thing. Caving to the preposterous is another.

One has to wonder whether this violates FAA rules as regards airline safety in an emergency. Will airlines have to retrofit all fleets with horse-sized life jackets?

Sir Elton is on to something big here folks

Sir Elton is on to something. He vigorously defended the use of his private jet by Prince Harry and Meghan by saying he’d offset the emissions via Carbon Footprint (CF) so the flights were carbon neutral.

CM decided to input the figures of what a return trip to Ibiza followed by a return trip to Nice would cost the lovely couple to offset their evil ways using CF’s calculator. Turns out there is no “private jet” setting on the CF website leaving CM to use first class as a default.

The return trip from the UK to Ibiza would only require £2.00 each. The UK-Nice run would also run £2.00 return. So for the grand total of £8.00, their carbon emissions could technically be paid for on CF. CM notes that if the flights were combined then the cost drops to £3.71 each, a saving of 58p!

To splurge, Sir Elton could select the ‘UK tree plant’ for £12.90 (incl 20% VAT) each for a grand total of £51.60. Kenyan reforestation options are £9.50.

We don’t know how much Sir Elton paid for his offsets. One would hope his billions did a bit more than £8.00 or worse, £7.42 on a package offset.

Perhaps the $100s of billions of tax dollars spent (wasted) on renewables every year could be abolished and easily replaced by the generosity of pop stars paying to plant trees in Kenya! Who knew?

You’ll never guess how we can Save the Planet

Here is a credit card business model bound to fail. Johan Pihl, one of the founders of Doconomy, is launching a new credit card in collaboration with the UN Climate Change Secretariat and Mastercard. It cuts your ability to spend when you’ve hit your “carbon” limit, not your financial one. Now we will be able to stop our rampant plastic use with, you guessed it, plastic!  Although Doconomy claims the card will be made from bio-sourced material. Sadly the silicon chip will require high energy intensity to make. At least air pollution is good for something as it will be the main source of the ink.

Pihl said, “we realized that putting a limit that blocks your ability to complete the transaction is radical…but it’s the clearest way to illustrate the severity of the situation we’re in...Imagine if the consumer would pick up our app and actually look at their footprint and that’s the basis for whether they buy something or not,”

Perhaps we should ask all UN staffers to use it as their business credit card. If Doconomy lived up to its promises, most would have their carbon limit triggered when paying for flights to the next COP summit halfway around the globe. That would be a plus!

It uses the Åland Index to identify the CO2 of every transaction. CM encourages everyone to have a play with the carbon calculator.

For instance, if one spends 100 euro in a supermarket, the carbon footprint is almost the same as spending 100 euro in a department store. So regardless of whether one buys 100 euro of fruit or 100 euro of plastic-packaged flash-fried instant noodles, the impact of 4,902g of CO2 footprint is the same. Buy a 100 euro bottle of perfume or 100 euro of cuff links at a department store, the impact is still 4,293g. What you probably didn’t know is that smoking has a lower carbon footprint than buying groceries on a euro for euro basis. If smokers ever wanted an excuse to repeal these oppressively high taxes on tobacco, surely we should be getting Extinction Rebellion to add it to the list of demands because of the lower carbon footprint that can be achieved.

Whatever you do, don’t buy your loved one flowers! 100 euros of flowers has a 4,696g impact. That 200 euro Valentine’s dinner will add 15,928g. However, will the app calculate the 200 euro bottle of wine to celebrate an anniversary at 2x the 100 euro bottle? Yes it will.

If you do online gambling, 100 euro will cost 38,066g. You guessed it, if you spent 1,000 euro (exactly the same transaction time and keystrokes) it will cost 380,660g. Just shows how woefully inaccurate these carbon calculators are. To save the planet, instead of fuelling a gambling addiction,  you can cut your impact on the social fabric of society and save 90% by filling your car (118,600g of CO2) with 100 euro of fuel and enjoy a spiritual country drive to avoid regular attendance at Gamblers Anonymous.

Hotels – same thing. 100 euro on a hotel has 1/4 the emissions of a 400 euro hotel. Presumably if one is a master of Trivago or Hotels Combined website one can cut the emissions on exactly the same hotel room by the level of the discount. Who knew being environmental was so simple?

Doconomy states,

With DO, you get actual refunds from connected DO stores, based on the carbon impact of your purchase. We call it DO credits…The refunds can be used to compensate for the carbon footprint of your purchase. You can direct it to UN-certified carbon offset projects, or invest in sustainable funds. If you choose to invest in a fund, you must add the same amount as the value of your DO credit. You choose.”

Damn. How much will one have to spend to get enough DO credits to make an impact on a sustainable investment fund?

What a joke. As soon as the UN is involved in any such project we can absolutely guarantee the outcome will be a farce.

Boeing raises 20yr forecast

Boeing reports airlines will need around 44,000 new commercial aircraft worth $6.8 trillion by 2038, vs. 43,000 planes worth $6.49 trillion estimated in 2018. The biggest demand will remain for single-aisle jets. 32,420 narrow-body planes are likely to be built.

So much for the fear of global warming induced by air travel. In total, planes are 2% of human induced CO2. Or 0.00024% of the CO2 in the atmosphere.

Although the International Air Transport Association (IATA) wilted to the gun held to its head by the UN. The IATA has got behind the movement to do its bit for climate change. In a two page flyer, it covered the idea that we reckless passengers must consider our carbon footprint but at the same time help the U.N. raise $40bn in taxes, sorry ‘climate finance,’ between 2021 and 2035.

The reality is if Greta Thunberg receives an invite by the Queensland government to lecture on climate change she can rest easy that the footprint in the air will be so tiny because there isn’t a diesel electric train to get here.