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Post by noooby on Mar 30, 2017 7:42:44 GMT 12
For parachutes, I take it ballistic chutes (I'm thinking A-4 Skyhawk) are not able to be used? From memory those suckers had weights around the outside of the chute and when the chute fired the weights were flung out and opened the chute really quick. I'm sure an A-4 driver (Barnsey? ) or S&S or Armourer would be able to give us the low down on the chute. But it does seem to be what these guys need.
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Post by Peter Lewis on Mar 30, 2017 18:23:08 GMT 12
I don't think the end can be very far away now. Pity.
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Post by lesterpk on Mar 31, 2017 0:05:36 GMT 12
Yes, the Skyhawks chutes had a ballistic spreader fitted. Basically a hand grenade with ejecting weighted slugs that threw the periphery of the chute out to inflate it instantly.
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Post by fwx on Sept 4, 2017 19:57:16 GMT 12
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Post by Peter Lewis on Sept 5, 2017 9:18:01 GMT 12
I don't think the end can be very far away now. Pity.
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Post by The Red Baron on Sept 5, 2017 18:11:15 GMT 12
They would have been better off investing in a trailer load of bricks.From day one it was obvious this would never go anywhere. Still looking at the latest incarnation if they keep developing it they will eventually invent a helicopter.
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Post by Dave Homewood on Oct 6, 2017 11:36:11 GMT 12
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Post by ErrolC on Oct 6, 2017 16:55:37 GMT 12
Having listened to the interview (at the start, after a few minutes of introductions etc), I get the feeling that any Cantabrians who contact the Avgeeks could arrange to do a 'roving correspondent' visit, try out the simulator, and do a spot for the show.
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Post by Dave Homewood on Oct 6, 2017 17:55:13 GMT 12
I found the interview extremely strange, the guest gives the listener an impression that they have only been working on the prototype for the past two years and it's an all new concept. There was no mention of the designer Glenn Martin and the fact he worked on the design for 30 years or more to get it to this point, and he eventually left the company in 2015 with his dream concept unfulfilled.
The guest talks about how they are working on adding a parachute device to make it safe - the company has been telling the media that for years. All of it seemed like a rehash of old media spin in fact.
Also no mention of the fact the company seems to be on the brink of financial collapse. In August they had to lay off staff and sell their hangar. Then they were suspended from the stock exchange early in September for failing to finalise their annual accounts. And then when they finally did they posted a $24 million loss! That is really not good in a market like NZ.
All the optimism and plans talked about in the interview is exactly what we've been hearing since they first went public and honestly I don't see any progress. I seriously doubt the level of interest that was initially shown by potential users several years back is still there now. I feel sorry for them but it all seems a bit of a lost cause.
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Post by Deleted on Oct 7, 2017 13:55:49 GMT 12
Wait wait wait: someone being interviewed about a company they still work for DIDN'T mention any negatives?
In all seriousness, hopefully Kiwis who listen to this show get in touch with the hosts to update them.
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chasper
Flight Lieutenant
Posts: 90
Member is Online
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Post by chasper on Oct 8, 2017 15:48:39 GMT 12
Had a coffee with someone in the company recently and they said that the infusion of cash from the Chinese investor was purely to give them the time to grab the IP before shutting the business down and taking what they had back to China. Management are apparently encouraging their key engineers to look for other employment. Assume that we shall see a delisting and closure about April next year.
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Post by Peter Lewis on Oct 10, 2017 16:10:11 GMT 12
I see that they have registered a new one, Martin Aircraft Series 1 ZK-KCS c/n S1.5, as at 21st September.
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Post by Dave Homewood on Sept 27, 2018 17:19:25 GMT 12
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Post by The Red Baron on Sept 27, 2018 22:09:23 GMT 12
I cant believe this has gone on for 10 years,I predicted the outcome from the start,this had no more chance of flying than a sack of wet bricks.
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Post by thebrads on Sept 27, 2018 23:05:55 GMT 12
Heard a rumour years back that the filmed test flight to 5000ft culminated in a very rapid and destructive descent back to ground zero which was kept very quiet lest it scare off investors. Anyone evidence of?
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Post by The Red Baron on May 23, 2019 22:13:08 GMT 12
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Post by l29 on May 23, 2019 22:33:16 GMT 12
Turners auctions sold a lot of there stuff off a couple of weeks ago. Not much there, just crap really.
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Post by Peter Lewis on Oct 21, 2021 7:42:34 GMT 12
INTERNATIONAL LIQUIDATION TENDER AND ONLINE AUCTION After 30 years of development and over 50 million in investment this iconic startup companies assets must be sold. All technology, Jetpack prototypes and associated equipment is for tender. The Martin Jetpack is a unique flying machine that was nearing production when the company closed. This is an opportunity to own one of these unique machines or for an enterprising organisation to finish the development and bring it to market with most of the hard work already done. www.skylarc.co.nz/auctions/mac/?fbclid=IwAR3HpT516ll8_Wv5nuYrwecAJ2RLbjBsJQh9czg0t8aXfvARlG3ysOB9yGI
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Post by oj on Oct 21, 2021 13:19:36 GMT 12
It was rendered obsolete by the type of power-plant. Your opportunity lies in converting it to the latest electrically-powered aircraft configuration.
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Post by Dave Homewood on Apr 11, 2022 17:49:30 GMT 12
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