Plane Conversations

When we started our flight school, Wings of Eagles, ten years ago, we were looking for a new trainer that would be efficient, safe and fun to fly. We wanted to do something different and reach a different market of people interested in learning to fly by offering new aircraft with the latest technology.

At that time, most flight schools were using 20-year-old Cessna 152s and 172s as their primary trainers. I learned to fly in those aircraft and there’s nothing wrong with learning to fly in a 20 year old trainer; but, it is not the most inspiring sight.  When you are thinking about learning to fly, you’re not looking for an aircraft that has a worn down paint job, a ratty interior, and radios from a different era of electronics.  You’re looking for an aircraft that looks like the future, which is why we chose the Da-20 Katana because it represented just that – the future. When the Da-40 Diamond Star came out we were in line and bought one of the first ones made – serial number 42.

Through the last ten years, these aircraft have proven to be great trainers: so, we have kept Diamond Da-20s and Da-40s in the mix, even  as we have upgraded the fleet.

Like all general aviation aircraft manufacturers, Diamond has had a rough ride in the past two years, but they have hung in there, and now it looks like they are on the verge of some new, innovative aircraft that will keep them in the future game of private and general aviation. 

A post on Flight Global this past week written by Flight International’s Kate Sarsfield of Flight International says that Diamond Aircraft has secured an investor to help them complete the certification of the D-jet.

This is great news for the industry. There is room between the high performance piston aircraft (Cirrus) and the new light jets (Embraer Phenom and Cessna Mustang) for a single engine jet primarily focused at the market of owner-flown aircraft buyers.  

At a price of 1.9 million, which is roughly half of the Phenom 100, and nearly 1 million less than the TBM850, this aircraft would be positioned well in the market to sell.

Kate Sarsfield also mentions other innovations and product offerings that Diamond is working on:

Dries (CEO of Diamond) admitted at the show that Diamond has been forced to diversify its product line and widen its target market to “survive the economic downturn.” A number of projects are in the works, including: 

• Designing wing spar boxes for the Russian MC-21 airliner, which is set for service entry in 2017.
• Building a Mercedes-based V-6 turbo diesel engine for the DA50 DiamondStar piston single
• Designing and building a “future small aircraft” powered by twin turbo diesels. The six-seat variant will have twin 270hp (200kW) engines, while the eight-seat model will have two 400hp engines. Both aircraft will have fly-by-wire controls, an automatic landing system for use in case of pilot incapacitation and be available in pressurised and unpressurised versions.

• Developing two new V-8 turbo diesels – one with 350hp and the other with 550hp.
• Developing a light aircraft driven by a hybrid combination of a 55hp Wankel rotary engine and a 40-50kW electrical motor. Dries said an aircraft will make its debut at next year’s show.

Meanwhile, Diamond has European approval for its 170hp AE300 Austro engine powered DA40 piston single – now called the DA40NG.

Much of what is mentioned has to do with diesel engine technology for aviation. The diesel technology will eventually catch on in a big way for two reasons:

1. The supply of aviation gasoline is limited in most parts of the world and will probably not get better, but here is always an available supply of jet fuel and eventually a bio jet fuel will be on the market.
2. The diesel engine is more economical and eventually will be more reliable.

 So, hats off to Diamond for being forward-thinking and innovative.

 I look forward to seeing the D-jet and diesel variants of the Da-40 and Da-42 Twin star flying here in the US.

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The Next Economic Paradigm is a very simple idea yet the overwhelming majority of people have absolutely no idea what we’re talking about.  The strangest part of this work is the knowledge that eventually this will become completely obvious to everyone and the transformation, from beginning to end, will take a very short period of time.

My greatest curiosity is imagining when and how this moment will arrive.

I recently saw the latest Star Trek re-boot where an old Dr. Spock encountered the exiled young Space Propulsions Engineer named Montgomery Scott who had been convicted of attempting a mash-up between warp drive and atomic particle transporting with the commander’s pet schnauzer – where the term “mash-up” was implied to be quite literal.

Um,…the dog wags the tail.

The epiphany came when the older Spock suggested that Scotty’s approach was backward.  Instead of assuming that Space was stationary and the spacecraft was moving, Scotty should assume that the Space is moving and the spacecraft is stationary.

In one fell swoop, all the calculations finally made sense.  A good theory became practical.  All those nasty side effects – like bringing the schnauzer atoms back together – were no longer a problem.  Lo and behold, the Federation was saved.

Of course everyone knows what warp drive is and what transporters do, yet the science involved with their actual construction of these devices remains intensely complex.  The same can be said for our financial system. Everyone knows how to buy a can of tuna fish, but the actual formulation of that transaction is intensely complex.

We have developed a vast set of processes, techniques, and infrastructure around the basic idea that markets are dynamic.  Everyone knows that markets change and move and they behave in many strange ways in response to price inputs, scarcity, surplus, legislation and ideology.

Meanwhile, people are defined by what they consume – like red dots and blue dots on a political district chart, demographic data points, owner/renter, winner/loser, jobbed /not jobbed, young /old, first class/coach, etc.

And that is just the way it is … and the only way it can be.

Now suppose Dr. Spock was to beam down and suggest that markets are static and people are dynamic.  Imagine everyone staring at the can of tuna just sitting there, lonely, dusty and static, doing absolutely nothing except being a can of tuna on a stationary shelf, in an inanimate “market”.

The epiphany is that human knowledge assets are completely and irrevocably tangible in every way, shape, and form. Humans allocate and trade social capital, creative capital, and intellectual capital with each other in infinite ways, sometimes resulting in a can of tuna in a market.

All knowledge assets are tangible in the right exchange system.

I wonder what they will call it?

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