Jetpack Man flies during the 2018 Red Bull Air Race World Championships in Cannes. The FBI has launched a probe after pilots landing at Los Angeles airport over the weekend reported seeing an unidentified person in a jet pack flying right next to them. AFP
Jetpack Man flies during the 2018 Red Bull Air Race World Championships in Cannes. The FBI has launched a probe after pilots landing at Los Angeles airport over the weekend reported seeing an unidentified person in a jet pack flying right next to them. AFP
Jetpack Man flies during the 2018 Red Bull Air Race World Championships in Cannes. The FBI has launched a probe after pilots landing at Los Angeles airport over the weekend reported seeing an unidentified person in a jet pack flying right next to them. AFP
Jetpack Man flies during the 2018 Red Bull Air Race World Championships in Cannes. The FBI has launched a probe after pilots landing at Los Angeles airport over the weekend reported seeing an unidenti

'Only in LA': Man in a jetpack seen soaring 900 metres above Los Angeles airport


Hayley Skirka
  • English
  • Arabic

Two airline pilots reported seeing someone on a jetpack on their approach to Los Angeles International Airport on Sunday.

The Federal Bureau of Investigation has reportedly launched a probe into the incident.

A recording of aircraft communications at LAX captures the moment an American Airlines pilot reported the incident.

“Tower, American 1997 – we just passed a guy in a jetpack,” the pilot says around five minutes into the recording.

The air-traffic controller asks him to clarify where he saw this.

"On the left side, maybe 300 yards [275 metres] or so, about our altitude," clarifies the captain.

The sighting is backed up by a second pilot who contacts the tower to say that he saw the same thing.

“We saw the guy pass us by on a jetpack,” says the captain.

An air traffic controller monitors jets on the runway. Courtesy American Airlines
An air traffic controller monitors jets on the runway. Courtesy American Airlines

Listeners on LiveATC.net, a streaming network for aircraft communications, then hear the controller tell a JetBlue flight to be aware of a possible jetpack nearby, before calling in the incident.

“Person on a jetpack reported, 300 yards out of the LA final at about 3,000 feet," he states. Then he adds: "Only in LA."

The report was confirmed by the Federal Aviation Authority.

How high can jetpacks fly?

Jetpacks have a come a long way since they were first introduced and can now fly much higher and faster than initial models. A height of about 900 metres is at the upper range for many jetpacks, so the thrillseeker spotted by the airline pilots was pushing their limits.

However, earlier this year, a Dubai pilot reached double that height. Jetman Dubai soared above JBR for three minutes on a jetpack flight that reached an altitude of 1,800 metres as part of an Expo2020 stunt.

Many jetpacks require operators to be licensed pilots and in the United States, jetpacks must be registered with the Federal Aviation Administration.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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