Valued at £67 Billion, the Monarchy is Britain’s Greatest Treasure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Brand Finance estimates the capital value of the UK Monarchy as a business at £67.5bn
  • Monarchy’s annual contribution to the UK economy in 2017 is £1.766bn
  • Annual cost per head is less than £4.50 a year, equal to just over 1p a day

 

View the Brand Finance Monarchy 2017 report here

 

As the Queen and Duke of Edinburgh celebrate their Platinum Wedding Anniversary, leading brand and business valuation consultancy Brand Finance has estimated the total worth of the UK Monarchy. Growing every year since the inception of the study in 2012, the value of the British Monarchy now amounts to approximately £67.5 billion.

 

The Monarchy’s tangible assets – the Crown Estate, the Duchies of Lancaster and Cornwall, and the Royal Collection, including the Crown Jewels – account for £25.5 billion. The intangible value, understood as the present value of the benefits that the Monarchy is expected to bring the UK economy over the years, constitutes the remaining £42 billion.

 

Brand Finance estimates that in 2017 the Monarchy generated a gross uplift of £1.766 billion to the UK economy. The contribution includes the Crown Estate’s surplus as well as the Monarchy’s indirect effect on various industries. The respect for the institution boosts the price and volume premium of brands boasting a Royal Warrant or a Coat of Arms; the appeal of pomp and circumstance set in living royal residences draws millions of tourists; the mystique surrounding the Monarchy adds to the popularity of shows like The Crown and Victoria that offer a glimpse of the private lives of the Royal Family.

 

The economic benefits generated by the Monarchy come at a very low cost to the British nation, equal to only £4.50 per person per year or just over 1p a day. The overall costs of the Monarchy, totalling approximately £292 million, include the Sovereign Grant, earnings from the Duchies of Lancaster and Cornwall ceded to the Queen and the Prince of Wales, and security expenses, among others. A significant proportion of these costs is in fact incurred by residence maintenance, staff salaries, and travel expenditures required by any head of state.

 

David Haigh, CEO of Brand Finance, commented:

 

“Exactly 25 years ago, the Windsor Castle fire marked the nadir of the Queen’s annus horribilis when scandals drove the Monarchy’s popularity down. Today, its universal appeal translates to the attraction of Brand Monarchy offering considerable commercial benefits to all businesses and institutions associated with it.”

 

“The Monarchy is Britain’s national treasure, both symbolically and economically. Especially in the age of Brexit, Britain can rely on royal diplomacy to facilitate trade relations with the Commonwealth and the rest of the world.”

 

Winter wonderland at Munich Airport

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Christmas Market offers entertainment, treats, handicrafts and seasonal fun  

This year’s edition of the ever-popular Christmas Market is now open in the Munich Airport Center Forum (MAC). For the 19th straight year, the big covered space between the terminals has been turned into a winter wonderland. Visitors can stroll between more than 40 stands that offer seasonal foods and refreshments, local handicrafts and unique gift ideas. And at the heart of the market is the perennial highlight: the 600 square meter ice rink, where visitors can lace on skates or test their skills at Eisstockschiessen – Bavaria’s traditional broom-free version of curling. Skating is free of charge and rental skates are available at for a nominal fee.

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AES GLOBAL DEVELOPS RETROFIT SOLUTION FOR LF-ULD

 

AES GLOBAL DEVELOP RETROFIT SOLUTION FOR LF-ULD

 

(Braintree, UK – 20th November 2017) – Aerospace Engineering Solutions (AES), a UK based aerospace design and certification organisation, is pleased to announce it has developed a retrofit solution for the Low Frequency Underwater Locator Device (LF-ULD) for Airbus and Boeing aircraft single aisle aircraft family.

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Leonardo starts delivery of 16 AW101 Norwegian all-weather SAR helicopters

 First of 16 AW101 helicopters delivered to the Norwegian Ministry of Justice & Public Security for its All-Weather Search and Rescue Helicopter programme
 The AW101s will be operated by the Royal Norwegian Air Force and replace the Sea King helicopters currently in service
 The Leonardo AW101 is the most advanced SAR helicopter available today – capable of performing long range SAR missions – with over 220 units ordered worldwide
 Leonardo is providing a complete “turnkey” support solution comprising spares, technical support and training services

Rome, 20 November 2017 – Leonardo is pleased to announce that the first of 16 AW101 all-weather search and rescue helicopters has been delivered to the Norwegian Ministry of Justice & Public Security.

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Gatwick’s Airport Community App wins prestigious ‘Business IT Innovation of the Year’

Gatwick Airport,UK, May 2000, In-Press (CGA134)

  • Chartered Institute of IT Awards seen as benchmark for outstanding performance throughout the IT industry
  • Pioneering Airport Community App now being used or trailed by ten other airports worldwide
  • Gatwick also picks up two Digital Entrepreneur Awards

Gatwick’s Airport Community App won ‘Business IT Innovation of the Year’ at the prestigious BCS – Chartered Institute for IT – awards, which are widely seen as the benchmark for outstanding performance throughout the UK IT industry.

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Boeing, Avolon Finalize Deal for 75 737 MAX Airplanes

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Agreement includes firm orders for 55 MAX 8s, 20 MAX 10s and options for 20 MAX 8s

Dublin-based lessor joins growing customer base of the 737 MAX 10, the newest member of Boeing’s 737 MAX family

SEATTLE, Nov. 19, 2017 /PRNewswire/ — Boeing (NYSE: BA) and Avolon, the international aircraft leasing company, today finalized an order for 75 737 MAX airplanes. The confirmed order is for 55 MAX 8s and 20 MAX 10s, with options for 20 additional MAX 8s.

The agreement, announced as a memorandum of understanding at the 2017 Paris Air Show, is valued at nearly $11 billion at list prices including the 75 firm and 20 option aircraft.

Launched at the 2017 Paris Air Show, the MAX 10 will have the lowest seat-mile cost of any single-aisle airplane. The new airplanes will bolster Avolon’s airplane portfolio to meet growing customer demand in the narrow-body market segment.

“Today’s order for Boeing’s newest 737 MAX airplanes will strengthen Avolon’s position as a leading lessor in the global commercial aviation market,” said Avolon CEO, Dómhnal Slattery. “This is the largest single order that we have placed with Boeing to date and underscores the scale of our ambition and the strength of our business. We have experienced strong interest in our initial MAX orders and this incremental order reflects this demand. With over 140 MAX aircraft now in our owned and committed fleet, we are confident that the superior economics and solid reliability of the 737 MAX family of airplanes will continue to allow our customers to grow their businesses profitably for many years to come.”

Headquartered in Dublin, Ireland, Avolon is one of the world’s leading aircraft leasing firms, with an owned, managed and committed fleet of 915 aircraft as of September 30, 2017. Avolon also has the youngest owned fleet amongst the top three lessors and an order book of exclusively new technology aircraft.

“Today’s order solidifies Avolon’s commitment to providing their customers with the most efficient, technologically advanced airplane on the market,” said Boeing Commercial Airplanes President and CEO Kevin McAllister. “We are honored that the 737 MAX family of airplanes will become a key part of Avolon’s world-class fleet as they look to leverage the surging demand for narrow-body airplanes in markets around the world.”

The 737 MAX is the fastest-selling airplane in Boeing history, having surpassed 4,000 total orders from 92 customers. The MAX family incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

Bittium exhibits products and solutions for authority and soldier communications at Milipol exhibition in Paris

Oulu, Finland, November 20, 2017 – Bittium will exhibit its newest products and solutions for authority and soldier communications at Milipol exhibition in Paris, France November 21-24. At the event Bittium will showcase the secure and strong Bittium Tough Mobile™ 4G/LTE smartphone and the related Bittium Secure Suite™ back-end system that have received official Confidential level encryption product classification as the first smartphone based solution in the world. Exhibited will also be a selection of different special accessories and software solutions that have been designed for demanding police and military use cases.

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NASA Launches NOAA Weather Satellite Aboard United Launch Alliance Rocket to Improve Forecasts

NASA Launches NOAA Weather Satellite Aboard United Launch Alliance Rocket to Improve Forecasts

Delta II Rocket Roars to Life Launching JPSS-1
At Vandenberg Air Force Base’s Space Launch Complex 2, the Delta II rocket engines roar to life. The 1:47 a.m. PST (4:47 a.m. EST), liftoff begins the Joint Polar Satellite System-1, or JPSS-1, mission. JPSS is the first in a series four next-generation environmental satellites in a collaborative program between NOAA and NASA.
Credits: NASA

NASA has successfully launched for the National Oceanic and Atmospheric Administration (NOAA) the first in a series of four highly advanced polar-orbiting satellites, equipped with next-generation technology and designed to improve the accuracy of U.S. weather forecasts out to seven days.

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