The Editor's Letter

It happened: Barrack Obama won. Great news, but he will have a lot to do to keep up with the level of expectation placed upon him. There is a joke going around that the winner of the US election should ask for a recount, so great is the crisis that the USA and the world now faces.

This crisis has hit helicopters and even jets. Ireland was one of the first places to feel the effects, with Irish helicopter pilots streaming across the UK and into Europe looking for jobs, and helicopters going so cheap that you could pick up two for the previous price of one. Even insurance has been hit, as companies downsize and jet owners keep one flying while mothballing the rest of the fleet: ground-risk saves money for the owner but gives a lot less to the insurance companies, which may lead to premiums rising next year...