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  1. ***Current Information, directly from the Official Canadian Civil Aircraft Register database.*** Aircraft Information Mark: CF-TCC Common Name: Lockheed Model Name: 10A Serial No.: 1116 Basis for Eligibility for Registration: CAR Standard 507.02, 507.03 - Type Certificate - TC551 Category: Aeroplane Engine: 2, Piston Max Take-Off Weight: 4581 kg 24 Bit Address: Bin=110000000011001001100011, Octal=60031143, Hex=C03263 Regional Office: Dorval Base of Operations: Montreal , Quebec, CANADA Manufacturer Information Manufacturer: Lockheed Aircraft Corporation Burbank, Calif. Country of Manufacture: U.S.A. Year of Manufacture: 1937 Registration Information Type of Registration: Private Owner Registered Since: 1984-05-17 Latest Certificate of Registration Issued: 2006-08-28 Registered Owner Information Name: Air Canada Address: Centre Air Canada, zip 1012 P.O. Box 9000, Station Airport City: Dorval Postal Code: H4Y 1C2 Province/Territory/State: Quebec Country: CANADA Region: Quebec Mail Recipient: Yes
  2. Curious, did anyone on this forum fly this aircraft or the aircraft type? Air Canada Marks its 85th Anniversary, Donates CF-TCC, Historic Aircraft From its Original Fleet to Winnipeg's Royal Aviation Museum of Western Canada Français NEWS PROVIDED BY Air Canada Sep 07, 2022, 11:37 ET The Lockheed L‐10A Electra arrives to permanent home for the public to enjoy Editor's Note: A video celebrating CF-TCC's arrival at the Royal Aviation Museum of Western Canada can be found here. MONTREAL, Sept. 7, 2022 /CNW Telbec/ - In celebration of its 85th anniversary, Air Canada today donated its historic aircraft, an original Lockheed L-10A Electra airplane to Winnipeg's Royal Aviation Museum of Western Canada. The iconic aircraft, the first fleet type flown by the carrier, made its final journey as it taxied from the Air Canada hangar at Winnipeg International Airport to the Museum at a handover ceremony. The airplane will go on permanent public display as an iconic piece of aviation history. In celebration of its 85th anniversary, Air Canada today donated its historic aircraft, an original Lockheed L-10A Electra airplane to Winnipeg’s Royal Aviation Museum of Western Canada. (CNW Group/Air Canada) The aircraft, with registration CF-TCC, was one of three purchased by Air Canada's forerunner, Trans-Canada Air Lines (TCA), in 1937. It was until recently one of only two Lockheed L10-A Electra aircraft still flying in the world. Named after a bright star in the Pleiades star cluster, the 10A Electra was the pride of the Lockheed Aircraft Corporation. In the 1930s, this twin-engine, all-metal monoplane was the exciting new face of commercial aviation. "There is no more fitting preservation and commemoration for one of our original aircraft than to have TCC be on permanent display in Winnipeg, which was one of TCA's original hubs when the airline began operations in 1937 thanks to its central location in our country. Air Canada has a long and rich history connecting Canadians from coast to coast which continues to this day, and it all started with the Lockheed L-10A 85 years ago. As we celebrate our 85th anniversary, we mark this milestone by ensuring that such an important part of Canadian aviation history will be available for Canadians and aviation enthusiasts to enjoy for many years to come," said Captain Murray Strom, Senior Vice President – Flight Operations at Air Canada. "We're very pleased that CF-TCC has landed at the Royal Aviation Museum and is now part of our permanent collection. This aircraft has ties to Winnipeg dating back to 1937 and to our museum in particular," notes Museum President & CEO Terry Slobodian. "Our museum was previously located in the original TCA hangar here in Winnipeg. The Lockheed Electra is a perfect picture of the early days of commercial air travel in Canada. We are grateful to Air Canada for their longstanding support of our museum and for entrusting us with this spectacular piece of aviation history." The History of CF-TCC CF-TCC was one of three L-10A aircraft purchased by Trans-Canada Air Lines. The L-10A aircraft type operated TCA's inaugural flight on September 1, 1937, a 50-minute trip from Vancouver to Seattle carrying mail and two passengers. TCA had acquired the route plus two Lockheed L‐10A aircraft from Canadian Airways. In that same month, TCA bought three additional Lockheed L‐10A aircraft, brand new, from the Lockheed factory for $73,000 each. These aircraft were dubbed the "Three Sisters" and carried the registrations CF‐TCA, CF‐TCB, and CF‐TCC. The first aircraft, CF‐TCA is now at the Canadian Aviation and Space Museum in Ottawa. CF-TCC last flew in 2018, and was one of two remaining Lockheed L‐10A Electra aircraft still flying in the world. After being operated by TCA from 1937 to 1939, CF‐TCC was sold to the Department of Transport – Canada. During the next 40 years, the aircraft was sold several times to various private corporations and individuals. In 1962, CF-TCC was leased by TCA and six of the original TCA pilots operated a commemorative flight across Canada on the occasion of TCAs 25th Anniversary. In 1975, a retired Air Canada employee recognized the faded old registration marks on the aircraft while attending an air show in Texas. Air Canada kept track of the aircraft until 1983, at which point the airline purchased back the aircraft, restored it, and flew it during the Air Canada 50th Anniversary celebrations in 1986. At the end of the Fifty stop Canadian tour, CF‐TCC was featured in the Air Canada pavilion during Expo 86 in Vancouver. Since 1986, the aircraft has been maintained in flying condition. Volunteers and support from the broader aviation community, including from Air Canada Maintenance and Flight Operations, over the years have dedicated thousands of hours of personal time and other contributions into keeping CF‐TCC flying for generations to enjoy. When not flying, the aircraft has been based in the Western Canada Aviation Museum in Winnipeg, Manitoba, or stored in Air Canada's Winnipeg hangar. On September 21, 2007, it recreated TCA's first flight from Vancouver to Seattle, marking Air Canada's 70th Anniversary. In 2012, as part of Air Canada's 75th Anniversary Celebrations, CF‐TCC made several air show and public appearances, showcasing Air Canada's heritage and the history of commercial aviation in Canada. In 2017 to mark the carrier's 80th anniversary, Air Canada's Lockheed 10A took to the skies for a cross country tour, beginning with a public appearance at the Royal Aviation Museum in Winnipeg. Along the way, the aircraft made stops in Vancouver, Calgary, Edmonton, Saskatoon, Regina, Winnipeg, Thunder Bay, Sudbury, Toronto, Ottawa, Halifax, Quebec City. In 2022, on occasion of Air Canada's 85th anniversary, the airline's Lockheed 10A made its final journey to the Royal Aviation Museum of Western Canada in Winnipeg. CF-TCC was taxied to the Museum from Air Canada's Hangar by the aircraft's long-time advocates and volunteers, Retired Captain Robert Giguere, Retired Captain Gerry Norberg, Retired Aircraft Maintenance Engineer George Huntington, and Air Canada Aircraft Maintenance Engineer Mike Clarkson. By the Numbers: 1937 Lockheed L‐10A Crew: 2 Pilots, 1 Flight Attendant (known as a Stewardess in 1937.) Capacity: 10 passengers Length: 38 ft 7 in Wingspan: 55 ft 0 in Height: 10 ft 1 in Empty weight: 6,454 lbs Max Weight: 10,500 lbs Powerplant: 2 × Pratt & Whitney R‐985 Wasp Junior SB, 450 HP ea. Cruise speed: 140 knots, 190 mph Range: 713 miles / 1,147 kilometres Normal Cruising Altitude: 6,000 – 10,000 ft Boeing 777-300ER (Air Canada's largest aircraft) Crew: 2 or 4 Pilots, up to 12 flight attendants Capacity: Up to 450 passengers Length: 242 ft, 9 in Wingspan: 213 ft, 3 in Height: 62 ft, 4 in Empty weight: 353,600 lbs Max Weight: 775,000 lbs Powerplant: 2 GE90-115B engines Cruise speed: 484 knots, 557 mph Range: 9,068 miles / 14,594 kilometres Normal Cruising Altitude: 35,000 ft About Air Canada
  3. A sure sign that things have changed and continue to change at WestJet when it comes to Labour. Major victory for WestJet workers at Toronto Pearson International Airport 3 August 2022Canadian Aviation News TORONTO, Aug. 3, 2022 /CNW/ – WestJet workers at Pearson International Airport have won a major victory in their right to representation as the Canada Industrial Relations Board (CIRB) certifies Unifor as their sole bargaining agent. “WestJet workers in Toronto have gained a voice in their workplace, joining with workers in Vancouver and Calgary as members of Unifor. These employees have tremendous experience to offer their employer as airlines face an increase in travel demand from pre-pandemic travel demand,” said Unifor Secretary-Treasurer Lana Payne. “It is imperative that workers have a strong voice in future decisions at WestJet to ensure fairness and job protection with the airline.” Unifor applied with the Canada Industrial Relations Board on July 11, 2022, to certify Unifor as the union for 374 WestJet workers at Toronto Pearson International Airport. On July 29, 2022, the CIRB certified Unifor as the sole bargaining agent after declaring that a majority of the workers signed membership cards. “This is an important step in creating more stability, predictability and protection. I’m happy that collectively we have found our voice as we move toward fairness with fair treatment for ourselves, our co-workers and our families,” said Michelle Lindo-Collins, WestJet Customer Service Agent. As airline travel rebounded post-pandemic, workers in Toronto have often faced increased pressures as frontline representatives with the public when plans did not go as expected due to flight delays, cancellations and long wait times at the airport. “Our collective efforts to sustain the day-to-day operation and hold onto what WestJet represents have weighed on us all through these difficult times. Along with Unifor, we hope to build on the momentum to see change here in Toronto. We look forward to growing WestJet and positively impacting our guests throughout their travel plans,” said Keaton Cole, WestJet Customer Service Agent. “I’m happy to join my co-workers in Calgary and Vancouver as members of Unifor. United together, we look forward to growing WestJet while providing good jobs and benefits to employees who provide exceptional daily service,” shared Wesley Watson a Customer Service Agent in the baggage department. Unifor represents 7,500 airport agents at other airlines, including Air Canada, Jazz, Porter, First Air, Calm Air and more. In all, Unifor represents more than 16,000 workers across the airline industry. Unifor is Canada’s largest union in the private sector and represents 315,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.
  4. Exclusive-Airbus axes remaining A350 jet deal with Qatar -sources By Tim Hepher - 4h ago © Reuters/IMAD CREIDIFILE PHOTO: Surface damage seen on Qatar Airways' airbus A350 parked at Qatar airways aircraft maintenance hangar in Doha PARIS (Reuters) -Airbus has revoked its entire outstanding order from Qatar Airways for A350 jets, severing all new jetliner business with the Gulf carrier in a dramatic new twist to a dispute clouding World Cup preparations, two industry sources said. Exclusive: Airbus axes remaining A350 jet deal with Qatar Airways -sources (yahoo.com)
  5. Snowbirds cancel Penticton performance following incident in Fort St. John By Kathy Michaels Global News Posted August 3, 2022 8:36 am The Canadian Forces Snowbirds cancelled their Penticton Peach Festival performance in the wake of an incident in Fort St. John. A 431 Air Demonstration Squadron CT-114 aircraft was headed to Penticton Tuesday, where the rest of the Snowbirds were at that time preparing for the Penticton Air Display. Maj. Trevor Reid, public affairs officer with the Canadian Armed Forces, told Global News the CT 114 Tutor aircraft suffered some damage during takeoff from the North Peace Regional Airport in Fort St. John. The pilot and sole occupant of the plane was not injured and an investigation is ongoing. In a statement, Peach Fest organizers said they’ve been told the aircraft won’t be flown while a Royal Canadian Air Force flight safety team investigates the cause of that incident. While the Snowbirds are out, Peachfest organizers said that Canadian Forces Skyhawks will still perform Wednesday night, the opening night of Peach Fest, at 5 p.m., landing in Okanagan Lake Park. The Snowbirds and Skyhawks will also be at the Penticton Airport at 10 a.m. to meet with the public and will have an opportunity for people to view the Tutor aircraft up close.
  6. Interesting how PC. works it way into our daily life. eg. the Head Line is " Cougar euthanized after child attacked over August long weekend" Not so long ago the headline would have likely have been: "Cougar hunted down, shot and killed after child attacked over August Long Weekend" To use the term "euthanized" is simply to sugar coat the truth and spare some folks tender feelings and is rather dumb. Likely the same folks who consume meat but refuse to come to grips on how the meat comes to their table.
  7. How L3Harris created US special operators’ new plane to hunt and strike terrorists By Stephen Losey Aug 2, 03:51 PM The L3Harris Sky Warden will be used to pressure terrorist groups in places like Africa, where airspace is largely permissive. (L3Harris) WASHINGTON — U.S. Special Operations Command’s new Armed Overwatch aircraft will be able to carry multiple weapons configurations and modular sensors that can be quickly swapped out as well as be disassembled for deployment within hours. The AT-802U Sky Warden, made by L3Harris Technologies and aircraft manufacturer Air Tractor, is SOCOM’s pick for a rugged plane that can carry out intelligence, surveillance and reconnaissance, close air support, and strike missions against terrorist groups in austere locations such as parts of Africa. In an interview with Defense News on Tuesday, Luke Savoie, president of L3Harris Technologies’ ISR sector, said the company’s use of model-based engineering and modular open systems allowed it to design a low-cost aircraft tailored to deliver what special operators need in the field. SOCOM wants Armed Overwatch planes so it can continue to pressure extremist groups, such as Somalia’s al-Shabab, in areas with largely uncontested airspace, while the Air Force shifts its primary focus and more elaborate fighters and bombers toward potential high-end threats in Europe and Asia. Armed Overwatch planes could also take over at least some of the missions carried out by the U-28 Draco ISR aircraft, which is aging and expensive to maintain. L3Harris’ indefinite delivery, indefinite quantity contract to deliver as many as 75 Sky Wardens will be worth up to $3 billion, with an initial contract award for $170 million. The trust factor L3Harris began work on what would eventually become the Sky Warden in March 2020, shortly after SOCOM released its Armed Overwatch solicitation. Savoie said the company started with “no preconceived notions.” Rather than beginning with a list of must-haves for the airplane, as traditional requirements-based engineering might dictate, Savoie said L3Harris’s designers used model-based systems engineering to consider why a Sky Warden pilot might need certain capabilities and the best way to fill those needs. L3Harris also sought to ensure the capabilities are tightly integrated to reduce the crew’s workload and take advantage of automation whenever possible, he said. “In special ops, it comes down to that” trust, Savoie said. “The guy on the ground isn’t looking for dots on [a] map, on a tablet or something on his wrist. He’s looking for the confidence that someone talking in his ear knows what they’re talking about, and not having to second guess that.” That led L3Harris to refine the kind of sensors and software this plane would need and how it would integrate the systems, he said. The company talked to those who have carried out this mission before to make the Sky Warden as user-friendly as possible. “End users … constantly remind us, ‘I like to look through my gun sight, I don’t like to look at my arm, at a tablet,’” said Savoie, a former U-28 and AC-130 pilot. Users also emphasized the importance of instant communication, with no latency, for an airplane carrying out an Armed Overwatch mission, Savoie said, as well as the need to streamline the information presented to the pilot. To build the air frame that would become Sky Warden, L3Harris teamed up with Air Tractor, which typically builds agricultural and firefighting aircraft. The company had worked with Air Tractor on previous programs, such as surveillance aircraft for Jordan in the mid-2010s and other projects involving sensor, weapons and software integration. But, Savoie said, with its added strike capabilities, Sky Warden was much more complicated than the Jordanian surveillance planes. L3Harris created three prototype Sky Wardens. One was fully missionized, with all the modifications to do everything an operational Armed Overwatch plane would have to do. The company sent that prototype to Eglin Air Force Base in Florida last summer for SOCOM’s evaluation. Four other companies also demonstrated their prototypes to SOCOM in 2021 and early 2022. A second prototype was built for L3Harris’s own flight tests and to qualify the plane’s autopilot. L3Harris also built a third Sky Warden prototype to test and certify the aircraft’s strengthened, high-load wing to ensure it could carry up to 6,000 pounds of external ordnance. Savoie said Sky Warden can be easily prepared for deployment on a C-17 or C-5 mobility aircraft. The plane can be disassembled in about 7 hours, loaded on a cargo plane, and then reassembled in about the same amount of time once it’s reached its destination, he said. L3Harris brought a Sky Warden to May’s Special Operations Forces Industry Conference in Tampa, Florida, where it demonstrated how quickly the breakdown and reassembly process could take place. “It’s a pretty compact form,” Savoie said. The per-unit cost of a Sky Warden will vary depending on its configuration and capabilities, Savoie said, but declined to identify a figure. L3Harris’ contract also includes providing training systems, mission planning systems, support equipment, spares and logistical support. Air Tractor aircraft have carried weapons before, such as 50-caliber guns and 7.62 miniguns, Savoie said. The Sky Warden could be armed with six weapons stations, with the laser-guided 2.75-inch Advanced Precision Kill Weapon System, or APKWS, rocket being its primary weapon. Sky Warden could also carry GBU-12 Paveway laser-guided bombs, Savoie said, and L3Harris is close to having it capable of carrying the AGM-114 Hellfire missile. And Sky Warden has the infrastructure to handle as many as eight common launch tube-based weapons such as the AGM-176A Griffin, he said. Construction of the Sky Wardens will begin at Air Tractor’s Olney, Texas facility. Once those airframes are built, they will be shipped to L3Harris’s modification center in Tulsa, Oklahoma, where work to modify them for the Armed Overwatch mission will take place. Savoie said L3Harris will manufacture parts for the modifications at its Greenville, Texas facility. L3Harris will also do software work for the plane at its Nashville, Tennessee facility, and sustainment activities will be done at Rockwall, Texas. Engineering work will be done at L3 locations in Waco, Greenville and Plano, Texas. Various other L3Harris sites will provide sensor, radio and weapons release capabilities, Savoie said. About Stephen Losey Stephen Losey is the air warfare reporter at Defense News. He previously reported for Military.com, covering the Pentagon, special operations and air warfare. Before that, he covered U.S. Air Force leadership, personnel and operations for Air Force Times. AFSOC hopes its Armed Overwatch plane will be able to pressure violent extremist groups in austere places like Africa, where the airspace is largely permissive.
  8. How artillery sent by Canada and allies is helping — and not — on Ukraine’s front lines Ashleigh Stewart - 2h ago Deep within a thicket of trees near Ukraine’s eastern front lines, a group of soldiers hurriedly dismantle a pile of branches to reveal a long barrel underneath, aimed straight at the Russian border. © Braden Latam.Ukrainian soldiers fire an M777 howitzer near the front lines in the Kharkiv region. The men rush around the back of the M777 howitzer, loading its chamber with an artillery round and then standing back, fingers in their ears and mouths agape to protect their eardrums, as a deafening explosion rings out across the countryside. They do this between 100 and 130 times per day, between the three M777s in this position, in a hidden location in the southern Kharkiv region. This week, Global News was escorted to the secret M777 location near the front lines in Kharkiv to observe the long-range artillery in operation. Canada sent a number of M777s to Ukraine in April, as part of a $130-million support package, and has since sent millions more in replacement barrels and ammunitions, among other lethal aid. Long-range artillery has become crucial in attempts to turn the tide of the war, allowing Ukrainians to target Russian troops and locations from farther away, in turn preventing further strikes on Ukrainian forces. “Artillery is saving the blood of the infantry. We need them to save troops,” Andriy, the battalion’s deputy commander and an artillerist, tells us. Read more: Exclusive — Ukrainian commander apologizes to dead Canadian’s mom for not being able to ‘save her son’ Canada, the United States and Australia have donated the M777s being used by Ukrainian soldiers in Kharkiv. These 155-millimetre towed howitzers have a range of up to 30 kilometres. But to really make an impact, several soldiers say, they need more long-range artillery. While they’re grateful for the weapons being donated by the international community, the much-lauded American-made High Mobility Artillery Rocket System, also known as HIMARS, is the golden goose.Loaded: 87. They have more than twice the range of the M777s – up to 70 kilometres. The U.S. has sent 16 to Ukraine so far. But both systems have been sent in with the same purpose: to arm the Ukrainian military with more sophisticated, western weaponry. “Their weapons are Soviet weapons … and here, ours are more technological, more professional,” battery commander Yevhen says. “They are easier to use.” The battalion doesn’t know which country their M777s has come from, but it’s possible this one is at least in part Canadian – it was damaged and needed parts swapped out to fix it, Andriy says. It has destroyed “a lot” of Russian weapon storage facilities, infantry, warehouses and “hidden commander points,” the soldiers say. The current location of the M777s is deep within eastern Ukrainian farmland, strategically hidden from view by thick shrubbery. As we approach, Andriy, who is also the driver of our military escort, instructs us to turn our phones onto airplane mode. Russian troops otherwise track clusters of GPS signals to identify soldiers’ locations. Passing through the countryside, the scars and new landmarks the war has brought this unassuming rural community are everywhere: a school lies in ruins, with holes blown out of its walls and roof, targeted by an attack in June; an unexploded rocket nose down in a patch of trees; a crater in the road the size of a car inflicted by a Russian Uragan rocket. At one stage, we pass by a cluster of barrels, pointed toward the sky. Fakes, Andriy says with a smile, which have successfully fooled Russian drones in past weeks. The actual M777 position is in a nondescript location among yellow pastures. We pass by a Starlink satellite dish and descend into a thicket of trees, where about 20 men have been camped for about a month. They’ll move and set up somewhere new when the Russians figure out their location and respond with counter-shelling, battery commander Yevhen explains. The current position is a simple setting: a small tarpaulin stretched between two trees to provide some reprieve from the elements, several trenches carved into the dirt and a few planks of wood fashioned into a countertop, where the soldiers boil water atop a single-burner gas stove and ceramic bowl to make us coffee. Empty propellant cylinders have been recycled to build shelters. The loud “booms” of artillery fire can be heard nearby. About 50 metres away, one of the M777s lies in wait underneath a pile of branches, propellant containers and ammunition stored beside it between the trees. Yevhen travelled to Germany to receive training on operating the gun. He then returned and taught his troops how to use it within about two weeks, he says. This isn't the first time they've fought together – this battalion was previously stationed in the Donbas. They’ve now been using the M777s for three months and were one of the first battalions in Ukraine to receive them. Yevhen says the weapon is lightweight, accurate and easy to camouflage and has worked well to support the infantry on the front lines. He says he is grateful for the ongoing support from Canada. In June, Defence Minister Anita Anand announced the provision of 10 replacement barrels for the M777s as part of a $9-million military aid package. Canada also earlier sent some 20,000 rounds of artillery, worth $98 million, that work with weapons sent by NATO allies, including the M777s. However, if he had a choice, a delivery of HIMARS systems would make more of a difference, Yevhen says. Whereas the M777s need to be towed behind a vehicle, the HIMARS system is a self-drive, sitting on a wheeled chassis, meaning it is more mobile. The crew can drive the HIMARS to a new location before the enemy has a chance to shoot back. The M777s can also only shoot one round at a time, whereas the HIMARS system can shoot multiple rounds at once. While the U.S. has armed Ukraine with more HIMARS systems, it has stipulated that the weapon cannot be fired into Russian territory, over concerns it could be seen as foreign interference and could escalate the war. Poland and the Baltic states have also recently put in multi-million-dollar HIMARS orders to bulk up their defence systems. In the meantime, the Ukrainians have dug in for the long haul. Here in this community, normal village life and the top-secret military location that is now housed within it have become intrinsically linked. Less than a few hundred metres from the M777s’ position, a farmer is out in his tractor tending to his crops. Combine harvesters plough the fields. Two older men on bicycles pedal down the dusty road, fishing rods propped up on their handlebars. A shirtless man trundles down the road atop a trike. A family waves at military vehicles from the roadside. Men in military uniform relax outside a small store, smoking and chatting. Ammunition must be delivered every day, he explains, so military vehicles are now a common sight around here. The locals don’t seem to mind; Andriy waves to them all as he drives past, and they wave back. Nearby, row upon row of sunflowers – Ukraine is the world’s largest exporter of sunflower oil, and it is also the country’s national flower – swathe the countryside in a bright yellow glow. It is a cruel juxtaposition to the brutality of the war raging nearby. As he deposits us back to our meeting place, Andriy farewells us with a stark message. “I hope our next meeting with you will be in the main square in Moscow,” he says. “After our victory.”
  9. CRYPTO WORLD Homeless, suicidal, down to last $1,000: Celsius investors beg bankruptcy judge for help PUBLISHED TUE, AUG 2 20222:21 PM EDTUPDATED 29 MIN AGO Some of the 1.7 million Celsius customers ensnared by the alleged fraud are now directly pleading with the Southern District of New York to help them get their money back. It is the latest sign that bankruptcy court has become the de facto arbiter of crypto policy in the U.S. :44 Crypto Crackdown: Why federal charges over an alleged Ponzi scheme may only be the tip of the iceberg Celsius Network, once a titan of the crypto lending world, is in bankruptcy proceedings and facing down claims that it was running a Ponzi scheme by paying early depositors with the money it got from new users. Some of the 1.7 million customers ensnared by the alleged fraud are now directly pleading with the Southern District of New York to help them get their money back. Christian Ostheimer, a 37 year-old living in Connecticut, wrote in a letter included in court exhibits that he trusted Celsius with his retirement savings and has lost more than $30,000, which has brought him into “unsurmountable tax complications.” “It is in your hands, honorable judge to make this a different case were not the lawyers, the attorneys, the big corporations and managers get paid out first but the little man, the mom and pop, the college grad, the granny and grandpa — all those many small unsecured creditors — so that they are not like usual at the end of the chain where they lose everything,” writes Ostheimer. The question of who gets repaid first — should that day ever come — looms heavy over the bankruptcy proceedings. At its peak in October 2021, CEO Alex Mashinsky said the crypto lender had $25 billion in assets under management. Now, Celsius is down to $167 million “in cash on hand,” which it says will provide “ample liquidity” to support operations during the restructuring process. Celsius owes its users around $4.7 billion, according to its bankruptcy filing. That filing also shows that Celsius has more than 100,000 creditors, some of whom lent the platform cash without any collateral to back up the arrangement. The list of its top 50 unsecured creditors includes Sam Bankman-Fried’s trading firm Alameda Research, as well as an investment firm based in the Cayman Islands. Those creditors are likely first in line to get their money back, leaving smaller retail investors holding the bag. Unlike the traditional banking system, which typically insures customer deposits, there aren’t formal consumer protections in place to safeguard user funds when things go wrong. Celsius spells out in its terms and conditions that any digital asset transferred to the platform constitutes a loan from the user to Celsius. Because there was no collateral put up by Celsius, customer funds were essentially just unsecured loans to the platform. Also in the fine print of Celsius’ terms and conditions is a warning that in the event of bankruptcy, “any Eligible Digital Assets used in the Earn Service or as collateral under the Borrow Service may not be recoverable” and that customers “may not have any legal remedies or rights in connection with Celsius’ obligations.” The disclosure reads like an attempt at blanket immunity from legal wrongdoing, should things ever go south. On July 19, Celsius published a document detailing next steps for customers. In it, they say their chapter 11 bankruptcy plan will “provide customers with the option, at the customers’ election, to recover either cash at a discount or remain ‘long’ crypto,” but it is unclear whether customers will ever see their money again. The entire process lays bare just how much of crypto regulation in the U.S. happens by enforcement. The Securities and Exchange Commission has effectively become one of the industry’s top regulators in the country, including weeding out Ponzi and pyramid schemes, and it appears that some precedent will be set in U.S. bankruptcy court in coming months as lawmakers deliberate over formal legislation on Capitol Hill. Pleas from investors In the hundreds of letters officially submitted to the court, retail investors beg to be put at the front of the line to receive their money back. Flori Ohm, a single mother of two college-bound daughters, says that her family has been “severely impacted both in financial and mental health” by the bankruptcy which has left her funds stranded on the platform. Ohm, who also supports her parents, says she can’t sleep or focus on work. “I am struggling hard [to make a] living,” she writes. Jeanne Y Savelle, who describes herself as a “little retired old lady” living on a fixed income, says she turned to Celsius in search of a way to supplement her monthly Social Security check to stretch her dollar amid record levels of inflation. “I purchased my small amount of crypto hoping just to earn enough to help me weather a few years, kind of a safety net,” said Savelle. “Yes, I know, buyer beware but I agree that there has been way too much deception.” Others have lost everything. California resident Stephen Bralver says he has less than $1,000 left in his Wells Fargo checking account — now his only source of funds to provide for his family since Celsius suspended all withdrawals. “There is absolutely no way that I can continue to provide without access to my assets at Celsius,” he writes to Judge Martin Glenn, who is overseeing the Celsius bankruptcy proceedings in New York. “This is an EMERGENCY situation, simply to keep a roof over my family and food on their table,” continues Bralver’s letter. Sean Moran of Dublin writes that he lost the family farm in Ireland and his family is homeless. “Can’t believe that they lied to us on the weekly AMA about not trusting banks whilst all along they we’re wolfs in sheep clothing false promises and misleading information.” He continues, “I’m mentally unstable. Family are distraught with my decisions of trusting Celsius and promising them a better future.” Beyond the financial devastation described in each of these letters, one recurring theme centers around a sense of betrayal over the breach of trust between Celsius CEO Alex Mashinsky and his customers. Three weeks after Celsius halted all withdrawals due to “extreme market conditions” — and a few days before the crypto lender ultimately filed for bankruptcy protection — the platform was still advertising in big bold text on its website annual returns of nearly 19%, which paid out weekly. “Transfer your crypto to Celsius and you could be earning up to 18.63% APY in minutes,” read the website on July 3. Ralphael DiCicco, who disclosed holdings of roughly $15,557 in crypto assets on Celsius, said he was fooled by the marketing. “I believed in all the commercials, social media and advertising that showed Celsius was a high yield, low risk savings account. We were ensured that our funds are safer at Celsius than in a bank,” writes DiCicco. “This money is pretty much my life savings...I hope you can find it the best interest of all parties involved to pay back the smaller investors first...before any restructuring occurs,” continued DiCicco. Travis Rodgers of Phoenix says that he was told on numerous phone calls to Celsius Network, as recently as two days before it locked depositors’ accounts, that there was no danger to client assets and zero probability of bankruptcy. Rodgers says that he recorded several of those calls. He claims his Celsius holdings total $40,000 across eleven cryptocurrencies, including Cardano’s token ADA. The weekly ask-me-anything events hosted by Mashinsky on YouTube are mentioned in multiple letters, including one sent in by Stephen Richardson, who itemizes the many ways in which he feels Mashinsky deceived the public in order to lure new customers into the scheme. Richardson says he watched every single Friday AMA since signing up. “Alex would talk about how Celsius is safer than banks because they supposedly don’t rehypothecate and use fractional reserve lending like the banks do,” writes Richardson. “I currently have six figures worth of crypto locked in my Celsius account unable to be withdrawn, despite Alex’s claims mere hours before withdrawals were closed that nobody has any issue withdrawing from Celsius and that everything you hear to the contrary is simply ‘fud.’” Some have even contemplated suicide if they can’t retrieve their funds. Katie Davis appeals to Judge Glenn about the $138,000 that she and her husband have stranded on the Celsius platform. “The thought of losing that amount of money is horrifying,” Davis writes. “If I do not get that back, I will end my life as the loss will impact my family and I significantly,” she shares. Mashinsky did not immediately respond to CNBC’s request for comment.
  10. Canadian Snowbirds and SkyHawks fly into Penticton for Peach Fest By Jasmine King Global News Posted August 1, 2022 7:15 pm The Penticton Peach Fest is set to kick off in just a few days. Ahead of the activities, the Snowbirds and SkyHawks are getting prepared for the Penticton Air Display. Jasmine King has the details. The Penticton Peach Fest is set to kick off in just a few days. Ahead of the activities, the Canadian Snowbirds and Skyhawks are getting prepared for the Penticton Air Display. The SkyHawks, Canada’s only military parachute team, and the Canadian Forces Snowbirds will be performing Wednesday night. “We’re going to be flying right over the water, by the waterfront area and the pier. What you can expect is our full up high show, if the weather cooperates,” said Capt. Ari Mahajan, pilot of Snowbird 3. He promises a full, 30-minute show. “We’re going to be doing loopings, rolling and we’re going to do crosses, our full show.” he Snowbirds had a hazy landing Monday morning due to a fire burning in the South Okanagan. The smoke greatly affects what type of show they can offer and how many tricks they can do. “Smoke from forest fires can be very challenging. Obviously, it reduces the visibility, not just on the ground but also in the air, so smoke aloft can be a little bit of a concern,” said Capt. Erik Temple. “We’re going to be monitoring very closely what’s going on, talking with NAV Canada and the other agencies to make sure the show is safe first and foremost.” The Penticton Peach Fest performance is around the halfway point of their summer show season. Mahajan said he is grateful he gets to fly with the Snowbirds team. “To be able to take the show everywhere across North America and showcase to the public what we do, hopefully representing the men and women of the Canadian Armed Forces, yes, it’s amazing.” READ MORE: Okanagan Dream Rally roars through valley The Skyhawk and Snowbird performances mark day one of the festival and the pilots are excited to experience the South Okanagan and what it offers. They are asking Penticton boaters to avoid the area where they will perform. We would love it if all watercraft, boats, paddleboards, and kayaks can just remain clear of the water towards the south side of the lake. That’s what we need in order to perform aerobatics, so we need that area to be clear or we have to change the show,” Temple said. The SkyHawks performance starts at 5 p.m. and the Snowbirds show kicks off at 6 p.m. on Wednesday night.
  11. Updated Timeline for ADS-B Performance Mandate in Canada – Canadian Aviation News (wordpress.com)
  12. U.S. FAA issuing new safety directive on Boeing 777 airplanes 2h ago ReactComments WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) on Tuesday issued an airworthiness directive for all Boeing 777 airplanes over safety concerns. The directive was prompted by high electrical resistance within the gust suppression sensor because of corrosion. The FAA said the gust suppression function is a non-essential feature that provides a minor improvement to ride quality during lateral wind gusts at low airspeeds. Airlines must disable the gust suppression function within three months or before 75,000 total flight hours. The directive requires disconnecting connectors and capping and stowing wires attached to affected modules. (Reporting by David Shepardson)
  13. Let consider necessary vs just because travel ' Ignoring the fixed costs of the aircraft. - We must then total the additional fuel costs, increased maintence (due to hours flown) - Cost of accommodation and food for security staff. - Taking a foreign vacation when he could be showing an example by taking a "staycation" like the majority of Canadian Tax Payers.
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