One of Dubai's famed Jetmen killed in a crash in November failed to deploy the emergency parachute attached to the winged engines strapped to his back, an investigation found.
Investigators from the General Civil Aviation Authority gave no explanation why Vincent Reffet, 36, of Annecy, France, did not use his parachute in the fall during a training flight in the desert.
Describing Mr Reffet as an "experienced professional skydiver" and jetwing pilot, the investigators said a video from the November 17 crash appeared to show him lose control and go into a backflip, hovering about 240 metres above the ground.
Such backflips are common when wearing the wings and recoverable if the pilot thrusts forward through the flip, the report said.
The investigation could not determine why the pilot did not[deploy his chute]
Mr Reffet had experience coming out of those flips, but at higher altitudes, Associated Press reported, citing the findings.
"The risks of the 800-feet hover were discussed during the pre-flight briefing and, as a risk mitigation, it was decided to abort the flight and to deploy the pyro-rocket emergency parachute should the jetwing become uncontrollable," the report said.
“The investigation could not determine why the pilot did not choose this mitigation action.”
Video from a camera attached to Mr Reffet's helmet showed the parachute deployed only after he crashed to the ground. Prior to that, his hands moved as though he thought he could enter into a hover again, the report said. The jetwing showed no mechanical problems before or during the flight, investigators said.
The training flight was to simulate a take-off from the ground, a triangular flight and a jet-powered landing on a 244-metre platform, the report said. A helicopter at that altitude was to simulate the platform, but investigators found no sign it played a part in the crash.
Flight sponsors XDubai did not comment on the report, nor did Jetman Dubai, for whom Mr Reffet flew.
“The loss of Vince Reffet was devastating to his family, many friends, and colleagues," said a Jetman Dubai Spokesperson.
"Immediately following the accident, our top priority was to support both his family and colleagues, as well as provide our full assistance to the UAE General Civil Aviation Authority (GCAA) as they conducted their investigation into the circumstances of the accident.
"Our thoughts remain with Vince’s family and friends.”
Mr Reffet previously base-jumped off the Burj Khalifa, the world's tallest building, setting a world record. He earned gold medals while competing as a free-flying skydiver and competed as an extreme athlete.
Pilots for Jetman Dubai, founded by Swiss adventurer Yves Rossy, zip across the sky with a four-engine, carbon-Kevlar wing strapped to their backs. The wings can fly 50 kilometres, have a maximum speed of more than 400kph and can reach an altitude of 6,100 metres.
In 2015, Mr Reffet and Mr Rossy flew alongside an Emirates Airbus A380 double-decker jetliner over Dubai.
Oppenheimer
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Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
Brave CF 27 fight card
Welterweight:
Abdoul Abdouraguimov (champion, FRA) v Jarrah Al Selawe (JOR)
Lightweight:
Anas Siraj Mounir (TUN) v Alex Martinez (CAN)
Welterweight:
Mzwandile Hlongwa (RSA) v Khamzat Chimaev (SWE)
Middleweight:
Tarek Suleiman (SYR) v Rustam Chsiev (RUS)
Mohammad Fakhreddine (LEB) v Christofer Silva (BRA)
Super lightweight:
Alex Nacfur (BRA) v Dwight Brooks (USA)
Bantamweight:
Jalal Al Daaja (JOR) v Tariq Ismail (CAN)
Chris Corton (PHI) v Zia Mashwani (PAK)
Featherweight:
Sulaiman (KUW) v Abdullatip (RUS)
Super lightweight:
Flavio Serafin (BRA) v Mohammad Al Katib (JOR)
UAE - India ties
The UAE is India’s third-largest trade partner after the US and China
Annual bilateral trade between India and the UAE has crossed US$ 60 billion
The UAE is the fourth-largest exporter of crude oil for India
Indians comprise the largest community with 3.3 million residents in the UAE
Indian Prime Minister Narendra Modi first visited the UAE in August 2015
His visit on August 23-24 will be the third in four years
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016
Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017
Modi will visit Bahrain on August 24-25
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.”
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
MATHC INFO
England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)
New Zealand 7 (Try: Savea; Con: Mo'unga)
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How to help or find other cats to adopt
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
MEFCC information
Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.
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Company%20profile
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UAE currency: the story behind the money in your pockets