Business jet

A business jet, private jet, or bizjet, or simply B.J., is a jet aircraft designed for transporting small groups of people. Business jets may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries, and some are used by public bodies, government officials or the armed forces.

History

1950s first flight

The Lockheed JetStar, seating ten passengers and two crew, first flew on 4 September 1957. 204 aircraft were produced from 1957 to 1978, powered by four 3,300 pounds-force (15 kN) Pratt & Whitney JT12 turbojet engines, then Garrett TFE731 turbofan for a 44,500 pounds (20.2 t) MTOW, then two General Electric CF700 turbofans.

The smaller, 17,760 pounds (8.06 t) MTOW North American Sabreliner first flew on 16 September 1958. Powered by two Pratt & Whitney JT12 turbojet engines then Garrett TFE731, more than 800 were produced from 1959 to 1982.

1960s first flight

The 25,000 pounds (11 t) MTOW British Aerospace 125 first flew on 13 August 1962, powered by two 3,000 pounds-force (13 kN) Armstrong Siddeley Viper turbojets. Its engine were replaced by Garrett TFE731, then Pratt & Whitney Canada PW300 turbofans. Almost 1,700 aircraft were produced between 1962 and 2013 after being marketed as the Hawker 800.

Turkmenistan

Coordinates: 40°N 60°E / 40°N 60°E / 40; 60

Turkmenistan (ⁱ/tɜːrkˈmɛnᵻstæn/ or ⁱ/tɜːrkmɛnᵻˈstɑːn/; Turkmen: Türkmenistan/Түркменистан, pronounced [tyɾkmeniˈθtan]) is a country in Central Asia, bordered by Kazakhstan to the northwest, Uzbekistan to the north and east, Afghanistan to the southeast, Iran to the south and southwest, and the Caspian Sea to the west.

Turkmenistan has been at the crossroads of civilizations for centuries. In medieval times, Merv was one of the great cities of the Islamic world and an important stop on the Silk Road, a caravan route used for trade with China until the mid-15th century. Annexed by the Russian Empire in 1881, Turkmenistan later figured prominently in the anti-Bolshevik movement in Central Asia. In 1924, Turkmenistan became a constituent republic of the Soviet Union, Turkmen Soviet Socialist Republic (Turkmen SSR); it became independent upon the dissolution of the Soviet Union in 1991.

Turkmenistan possesses the world's fourth largest reserves of natural gas resources. Most of the country is covered by the Karakum (Black Sand) Desert. Since 1993, citizens have received government-provided electricity, water and natural gas free of charge.

Net worth

Net worth (sometimes called net or wealth) is the total assets minus total outside liabilities of an individual or a company. Net worth is used when talking about the value of a company or in personal finance for an individual's net economic position.

Put another way, net worth is any asset owned minus any debt owed. Net worth can be a negative number if one's debt owed is greater than the value of the assets owned.

Companies

Net worth in business is generally based on the value of all assets and liabilities at the carrying value which is the value as expressed on the financial statements. To the extent items on the balance sheet do not express their true (market) value, the net worth will also be inaccurate. On reading the balance sheet, if the accumulated losses exceed the shareholder's equity, it is a negative value for net worth.

For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time.

Net worth in this formulation is not an expression of the market value of the firm: the firm may be worth more (or less) if sold as a going concern.

Turkmenistan Airlines

Turkmenistan Airlines (Turkmen: Türkmenhowaýollary) is the flag carrier airline of Turkmenistan, headquartered in Ashgabat. It operates domestic and international passenger and cargo services mainly from its hub at Ashgabat International Airport.

History

The State national service Turkmenistan Airlines was founded on 4 May 1992. In 1992, Turkmenistan Airlines became the first airline in the former Soviet Union to purchase a Boeing 737-300. In April 1993, Turkmenistan became a full member of the International Civil Aviation Organization (ICAO).

The first flight on a cargo aircraft IL-76 was completed April 19, 1993 from Ashgabat-Brest.

Since 2001, the airline has been phasing out its aging Soviet-era fleet to make way for a modern fleet of Boeing 717's, which are extensively used for service on domestic routes. They purchased seven 717 series aircraft to perform flights in Turkmenistan. The first of these aircraft was presented at the MAKS air show in 2001.

April 29, 2009 in Ashgabat flew the new aircraft Boeing 737-700. On 2 September 2009, Boeing announced that Turkmenistan Airlines had confirmed an order for 3 Boeing 737-700 aircraft worth $192 million. Autumn airline supplemented by three airliners of Boeing. On May 8, 2013, a Boeing 737-800 was delivered to Turkmenistan Airlines, arriving in Ashgabat, on June 3, 2013 a fourth Boeing 737-800 arrived., and on December 18, 2013 a fifth Boeing 737-800 arrived.

Boeing 777

The Boeing 777 is a family of long-range wide-body twin-engine jet airliners developed and manufactured by Boeing Commercial Airplanes. It is the world's largest twinjet and has a typical seating capacity for 314 to 451 passengers, with a range of 5,235 to 9,500 nautical miles (9,695 to 17,594 km). Commonly referred to as the "Triple Seven", its distinguishing features include the largest-diameter turbofan engines of any aircraft, six wheels on each main landing gear, fully circular fuselage cross-section, and a blade-shaped tail cone. Developed in consultation with eight major airlines, the 777 was designed to replace older wide-body airliners and bridge the capacity difference between Boeing's 767 and 747. As Boeing's first fly-by-wire airliner, it has computer-mediated controls. It is also the first commercial aircraft to be designed entirely with computer-aided design.

The 777 is produced in two fuselage lengths as of 2014. The original 777-200 variant entered commercial service in 1995, followed by the extended-range 777-200ER in 1997. The stretched 777-300, which is 33.25 ft (10.1 m) longer, followed in 1998. The longer-range 777-300ER and 777-200LR variants entered service in 2004 and 2006 respectively, while the 777F, a freighter version, debuted in February 2009; these variants all feature General Electric GE90 engines and extended raked wingtips. The earlier 777-200, -200ER and -300 versions are equipped with GE90, Pratt & Whitney PW4000, or Rolls-Royce Trent 800 engines. The 777-200LR is the world's longest-range airliner, able to fly more than halfway around the globe, and holds the record for the longest distance flown non-stop by a commercial aircraft.