Latest news with #CFIT
Finextra
21 hours ago
- Business
- Finextra
CFIT appointts Anna Wallace as CEO
Fintech growth quango, the Centre for Finance, Innovation and Technology (CFIT), has appointed the FCA's former head of innovation Anna Wallace as CEO. 0 Wallace will lead the innovation body into its next phase of work, as it continues to drive progress in areas including smart data, digital ID, financial inclusion, digital assets and AI. She begins her new role at CFIT on 1 September 2025, joining from the Gates Foundation, where she currently serves as senior program officer for consumer protection and RegTech, with a focus on financial inclusion and spurring regulatory technology. Previously, she was head of innovation at the Financial Conduct Authority, overseeing functions such as the FCA's Innovation Hub, Advice Unit and Regulatory Sandbox. Wallace also has direct experience of working with and investing in scale-up technology businesses, as an early-stage backer of FNA, Proto and Regnology, three companies addressing customer complaints, fraud and regulatory reporting respectively. CFIT was launched in 2023 with backing from HM Treasury and the City of London Corporation add is seeking to diversify its revenue through a mix of public and privately funded research and development projects. The organisation has coordinated multiple industry-wide coalitions on some of the biggest themes and emerging technologies in fintech. In March, CFIT published its blueprint for fighting economic crime through the introduction of Digital Company ID. Three industry-led working groups are building a prototype Digital Company ID, identifying use cases and setting trust and governance standards. In June, CFIT announced how its next industry-wide coalition, including Mastercard, Lloyds Banking Group and HSBC, will develop tech solutions to close the UK's SME credit gap. As CEO, Wallace will draw on her experience as co-founder and funder of the Cambridge Centre for Alternative Finance's SupTech Lab, which helps regulators and the private sector spin out new minimum viable products. She says: 'I'm excited to drive this work forward by delivering prototype solutions, roadmaps and policy proposals that build on our existing accomplishments, as well as through new coalitions and expanding into solving other fintech challenges including AI, tokenisation and digital assets. CFIT's success has relied on strong partnerships with government and industry, and I look forward to continuing that very successful collaboration.'
CBC
6 days ago
- CBC
TSB says weather, drug in pilot's system may have contributed to fatal chopper crash in B.C.
Social Sharing The Transportation Safety Board says a number of factors could have led to a fatal helicopter crash in British Columbia last year, but makes no final finding of the cause. The TSB said in a report on Thursday that the helicopter was on its way to a private residence near Sicamous, B.C., from High River, Alta., on Jan. 5, 2024, when it crashed 18 kilometres east of Revelstoke. It was located two days later in deep snow with its sole occupant, a student pilot, dead. The report said it took two days for a Canadian Armed Forces Cormorant helicopter to find the crash site because of bad weather and challenging terrain. The report said the man, who had passed his flying test, hadn't applied for his full licence yet. It also found there was an illicit substance in his blood that's not permitted when flying a helicopter. "This substance may derive from an illicit drug or from certain medications," the report said. "The investigation determined that the substance was present prior to death. However, it could not determine the source of the substance or whether the presence of the substance influenced the pilot's performance during the occurrence." The pilot had texted before the crash that he had encountered poor weather and would take a route along the Trans-Canada Highway through Rogers Pass, B.C. The report said a warm front in the area at the time was producing strong winds and reduced visibility with low clouds. As the helicopter neared Revelstoke, the visibility would have been further reduced by precipitation. "In this occurrence, the pilot performed multiple 360-degree left-turn orbits before striking terrain. After each orbit, the pilot rejoined the south side of the highway and continued flying toward Revelstoke at approximately 50 to 100 feet above the trees." The TSB said the helicopter was badly damaged in the crash. "The fuselage deformation and damage were consistent with a high-energy impact in a forward direction. The two main rotor blades were fractured at different lengths and deformed, while the main transmission was ejected," said the report. "The accident was not survivable because of the impact forces involved." The report did not provide an exact cause for the crash, but addressed Controlled Flight Into Terrain (CFIT). It said it often happens in low visibility, at night or in poor weather and reduces a pilot's awareness of the surrounding area. The TSB suggests pilots check the weather before a flight. The TSB is an independent agency that investigates air, marine, pipeline and rail transportation occurrences. It does not assign fault or determine criminal liability.
Winnipeg Free Press
6 days ago
- Winnipeg Free Press
TSB says weather, illicit drug may have contributed to fatal chopper crash in B.C.
The Transportation Safety Board says a number of factors could have led to a fatal helicopter crash in British Columbia last year but it makes no final finding of the cause. The TSB said in a report on Thursday that the helicopter was on its way to a private residence near Sicamous, B.C., from High River, Alta., on Jan. 5, 2024 when it crashed 18 kilometres east of Revelstoke. It was located two days later in deep snow with its sole occupant, a student pilot, dead. The report said it took two days for a Canadian Armed Forces Cormorant helicopter to find the crash site because of bad weather and challenging terrain. The report said the man, who had passed his flying test, hadn't applied for his full licence yet. It also found there was an illicit substance in his blood that's not permitted when flying a helicopter. 'This substance may derive from an illicit drug or from certain medication,' the report said. 'The investigation determined that the substance was present prior to death. However, it could not determine the source of the substance or whether the presence of the substance influenced the pilot's performance during the occurrence.' The pilot had texted before the crash that he had encountered poor weather and would take a route along the Trans-Canada Highway through Rogers Pass, B.C. The report said a warm front in the area at the time was producing strong winds and reduced visibility with low clouds. As the helicopter neared Revelstoke, the visibility would have been further reduced by precipitation. 'In this occurrence, the pilot performed multiple 360 degree left-turn orbits before striking terrain. After each orbit, the pilot rejoined the south side of the highway and continued flying toward Revelstoke at approximately 50 to 100 feet above the trees.' The TSB said the helicopter was badly damaged in the crash. 'The fuselage deformation and damage were consistent with a high-energy impact in a forward direction. The two main rotor blades were fractured at different lengths and deformed, while the main transmission was ejected,' said the report. 'The accident was not survivable because of the impact forces involved.' The report did not provide an exact cause for the crash but addressed Controlled Flight Into Terrain (CFIT). It said it often happens in low visibility, at night or in poor weather and reduces a pilot's awareness of the surrounding area. The TSB suggests pilots check the weather before a flight. The TSB is an independent agency that investigates air, marine, pipeline and rail transportation occurrences. It does not assign fault or determine criminal liability. This report by The Canadian Press was first published July 24, 2025.
Mint
17-06-2025
- General
- Mint
Uttarakhand helicopter crash: Retired Lt Colonel Rajveer Singh Chauhan's wife bids teary farewell to her husband
The last rites of retired Lieutenant Colonel Rajveer Singh Chauhan, the pilot who perished in the recent Kedarnath helicopter crash, were held on Tuesday in Jaipur. The funeral procession was led by Singh's wife Deepika, a lieutenant colonel in the Army. She held her husband's portrait held close to her heart as people raised slogans of "Rajveer Singh Amar Rahein" (Long live Rajveer Singh). A large crowd, including family members, friends and fellow officers, gathered to pay their last respects at the funeral. The coffin was placed outside the family's Shastri Nagar residence, where floral tributes were offered. Sainik Kalyan Minister Rajyavardhan Rathore also visited the home to pay homage. Chauhan, 37, had served in the Indian Army for over 15 years before joining Aryan Aviation Private Ltd as a pilot in October 2024. He was the captain of the Bell 407 helicopter that crashed on Sunday morning near Gaurikund in Uttarakhand, claiming seven lives, including his own. Five adults, one infant and one crew member were on board the Aryan Aviation's Bell 407 helicopter operating in the "Shri Kedarnath Ji - Aryan Helipad, Guptkashi" sector that crashed on Sunday, the Civil Aviation Ministry said in a statement. The helicopter took off from Guptkashi at 05:10 AM and landed at Shri Kedarnath Ji Helipad at 05:18 AM before departing again at 05:19 AM for Guptkashi and is reported to have crashed near Gaurikund between 05:30 AM and 05:45 AM, the statement said. The ministry said that preliminary indications suggest that the probable cause of the crash may be Controlled Flight into Terrain (CFIT). The helicopter was reportedly airborne despite poor visibility and extensive clouding at the valley entry area. The exact cause will be determined through a detailed investigation by the Aircraft Accident Investigation Bureau (AAIB). Rajveer Singh Amar Rahein (Long live Rajveer Singh) Following the incident, the Chief Minister of Uttarakhand, Pushkar Singh Dhami, convened a high-level meeting, which was attended by senior officials of the Government of Uttarakhand, the Secretary (Civil Aviation), the DGCA, and associated teams. (With inputs from agencies) Key Takeaways The tragic helicopter crash highlights the risks faced by aviation professionals in challenging weather conditions. Controlled Flight into Terrain (CFIT) remains a significant concern in aviation safety, necessitating thorough investigations. The emotional impact of loss on families of service members emphasizes the importance of community support during such tragedies.
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Business Standard
16-06-2025
- Politics
- Business Standard
U'khand CM briefs PM Modi, Amit Shah, aviation minister on chopper crash
Uttarakhand Chief Minister Pushkar Singh Dhami has briefed Prime Minister Narendra Modi, Union Home Minister Amit Shah, and Union Civil Aviation Minister Ram Mohan Naidu on the tragic helicopter crash in Rudraprayag that claimed the lives of all seven people on board. A high-level meeting was convened immediately after the crash, he said. In a post on X, CM Dhami stated, "Honourable Prime Minister Shri @narendramodi Ji, during his foreign visit, held a telephonic conversation from Cyprus and obtained detailed information regarding the Rudraprayag helicopter accident. During the conversation, the Prime Minister expressed deep condolences for those who lost their lives in this tragic incident." "He (PM Modi) was also informed about the important decisions taken in the high-level meeting convened immediately after the accident. In relation to this unfortunate incident, a detailed briefing was also given via telephone to Honourable Union Home and Cooperation Minister Shri @AmitShah Ji and Honourable Union Civil Aviation Minister Shri @RamMNKJi. The central leadership has assured all possible assistance," CM Dhami wrote Five adults, one infant and one crew member were on board the Aryan Aviation's Bell 407 helicopter operating in the "Shri Kedarnath Ji - Aryan Helipad, Guptkashi" sector that crashed on Sunday, the Civil Aviation Ministry said in a statement. The helicopter took off from Guptkashi at 05:10 am and landed at Shri Kedarnath Ji Helipad at 05:18 am before departing again at 05:19 am for Guptkashi and is reported to have crashed near Gaurikund between 05:30 am and 05:45 am, the statement said. The ministry said that preliminary indications suggest that the probable cause of the crash may be Controlled Flight into Terrain (CFIT), with the helicopter reportedly airborne despite poor visibility and extensive clouding at the valley entry area. The exact cause will be determined through a detailed investigation by the Aircraft Accident Investigation Bureau (AAIB). Rescue operations by NDRF and SDRF teams are currently underway at the crash site. Following the incident, a high-level meeting was convened by Chief Minister of Uttarakhand Pushkar Singh Dhami at 11 am attended by senior officials of the Government of Uttarakhand, Secretary (Civil Aviation), DGCA, and associated teams. In the meeting immediate actions have been taken, which include suspending all operations of Aryan Aviation for the Char Dham Yatra with immediate effect. Two helicopters belonging to TransBharat Aviation --VT-TBC (PIC: Capt. Yogesh Grewal, CPL(H)-1453) and VT-TBF (PIC: Capt. Jitender Harjai, CPL(H)-1046)--were found to have been airborne under similar unsuitable weather conditions. Accordingly, the licenses of both pilots have been suspended for six months. All charter and shuttle helicopter operations in the region have also been suspended on June 15-16, as a safety precaution. The Uttarakhand Civil Aviation Development Authority has been directed to hold a comprehensive review with all operators and pilots before any resumption of services, to ensure full alignment with safety protocols. UCADA will also establish a dedicated Command-and-Control Room to monitor real-time operations and ensure immediate escalation of any risk indicators. Directorate General of Civil Aviation has been directed by the Ministry of Civil Aviation, to immediately post officers from Airworthiness, Safety, and Operations to actively oversee all helicopter activity in the Kedarnath valley and rigorously review the functioning of the UCADA Command-and-Control Room. The Ministry of Civil Aviation has reiterated that aviation safety is non-negotiable and that no operator should undertake flights in violation of weather-related and other protocols. The Ministry has issued strict instructions to DGCA to enforce all extant provisions with full authority and to ensure that discipline in flying operations is maintained at all costs, given the sanctity of human life. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
