Report on UAE seaplane crash that killed four Americans ready in 'weeks'



ABU DHABI // A draft of the final accident investigation report on the seaplane crash that killed four Americans in Al Ain two years ago will be ready in weeks.
However, it will not be available to the public for at least two months, said a spokesman for the General Civil Aviation Authority, the investigating body. First it will be sent to the American National Transport Safety Board for a 60-day consultation period.
An interim report released last year said the crash was probably not related to engine failure.
The antique McKinnon G21G turboprop, also called a Grumman Goose, crashed on to the taxiway at Al Ain International Airport shortly after take-off on February 27 last year, killing all four people on board.
It was en route to Riyadh on the first leg of a week-long trip that would have made stops in Morocco and South America before ending up in Texas.
The plane was owned by Triple S Aviation, an aircraft sales and aviation business development company with a defence and foreign military sales division.
The final report is likely to focus on routine maintenance performed on the aircraft on the day of the flight.
The plane had been stored in a hangar at the airport for six months, and an extra fuel tank had recently been added.
One of the men aboard had posted on Facebook that they were refused access to the plane two days before the crash.
The interim report also noted that the crew told air-traffic controllers that they intended to perform a test flight because they had not flown the aircraft "for a while". The flight was pushed back an hour while they waited for fuel.
Landon Studer, 28, the owner of Triple S, was piloting the plane at the time of the crash. The company's international project manager, Joshua Hucklebridge, also 28, was also on board, along with two seaplane enthusiasts from the western US - Tyler Orsow, 25, and Chuck Kimes, 61, who is believed to have been the co-pilot.
"All of us are still waiting for the report," said Elaine White, Mr Hucklebridge's mother. "Somehow, knowing what happened might help take the place of the bewilderment we all feel."
Terry Campbell, Mr Orsow's mother and a close friend of Mr Kimes, is visiting the UAE to mark the second anniversary of the crash.
"They are always in our heart and on our mind," Ms Campbell said last year. "We are thankful for all the wonderful memories that help get us through the day. We are also thankful for the impact Tyler and Chuck's life had on others and the memories and stories they share."
Mrs White also intends eventually to visit the UAE and the crash site. "I know if I were there, I would want to stand in the place where the crash happened," she said. "I would want to see where the aircraft was hangared. I would want to speak to the first responders and to whoever was in the tower that day. That's a lot to hope for, but it is what I would wish."
US and UAE authorities worked together on the investigation. The plane was not required to have a data flight recorder.
jthomas@thenational.ae

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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.

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