aerolinee itavia spa was one of the principal private italian airlines in the 1960s until its collapse in the early 1980s , after the infamous aerolinee itavia flight 870 crash , also known as the ustica disaster .

its head office was in rome .

it opened in 1958 .

aerolinee itavia

on this day : the downing of aerolinee itavia flight 870 | in times gone by . . .
gps coordinates of aerolinee itavia flight 870 , italy . latitude : 38 . 8395 longitude : 13 . 4253
1980 : aerolinee itavia flight 870 destroyed over italy ( possibly shot down by a french jet ) . circumstances unclear .
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aerolinee itavia flight 870 crashed on 27 june 1980 , killing all on board , while en route from bologna to palermo .
aerolinee itavia dc - 9 i - tigi at pisa airport in june 1973 . this aircraft was destroyed in the crash of flight 870 .
on the 27 th of june , 1980 , aerolinee itavia flight 870 disappeared from the sky during a flight from bologna to palermo , italy .
the lack of evidence , the conspiracy theories , and the criticisms being exchanged between the countries involved recall another unsolved aviation case : aerolinee itavia flight 870 .
aircraft . operations were suspended in 1961 , but resumed in 1962 , now under the name of aerolinee itavia . the herons had been disposed off and now the
1 january 1974 ; aerolinee itavia f28 - 1000 ; near turin , italy : the aircraft had an accident during landing . three of the four crew members and 35 of the 38 passengers were killed .
a police officer near rome guarded the reconstructed wreckage of itavia flight 870 , in 2003 .
the reassembled itavia plane displayed at the museum for the memory of ustica . luca ghedini / wikimedia
rome , itavia 870 . 115 miles to prs [ raisi vor , near palermo ] , maintaining 250 .
itavia 870 , when ready , cleared to 110 , report leaving 250 and passing 150 . [ no answer ]
itavia operated a domestic network , which was again suspended in late 1980 . eventually , the airline was replaced by
what caused the itavia dc - 9 to crash during a flight from bologna to palermo has been one of italy’s enduring mysteries .
the airline was formed under the name of società di navigazione aerea itavia in 1958 and started domestic services a year later using de havilland dove and de havilland dh . 114 heron aircraft . operations were suspended in 1961 , but resumed in 1962 , now under the name of aerolinee itavia . the herons had been disposed off and from summer 1963 , the larger turboprop and pressurised handley page dart herald airliner was being used . the heralds continued to be flown until 1973 .
on june 27 , 1980 , aerolinee itavia flight 870 , a douglas dc - 9 - 15 departed from bologna to palermo crashed in the tyrrhenian sea under controversial circumstances , which involve an explosion caused either by a bomb on board or an air - to - air missile attack . all 81 passengers and crew on board died . this disaster is remembered as the ustica massacre .
on june 27 , 1980 , an aerolinee itavia dc - 9 took off from bologna in italy , carrying 77 passengers and four crew members . bound for palermo in sicily , the plane flew for 51 minutes before disappearing from radar screens . a few hours later , wreckage from the dc - 9 was spotted in the tyrrhenian sea near the island of ustica . all 81 people onboard had died .
itavia operated a domestic network , which was again suspended in late 1980 . eventually , the airline was replaced by aermediterranea , a subsidiary of alitalia and ati , in 1981 .
itavia 870 is cleared to palermo via firenze , amber 14 ; climb and maintain flight level one - niner - zero . read back and call when ready for take - off .
a lesser discussed incident , though one of similar magnitude , occurred on the evening of june 27 , 1980 . aerolinee itavia flight 870 was a mcdonnell douglas dc - 9 - 15 that left guglielmo marconi airport for palermo , sicily , and was in its final descent before landing when the pilots aboard were overheard over radio making “sounds of surprise” from the cockpit . within moments , the plane would crash into the tyrhennian sea near the island of ustica .
there is still no official final report regarding the disaster . the italian media have labelled the crash of the now - defunct itavia airline as one of the biggest cover - ups in italian history .
itavia 870 , ready for start - up . [ flight ih870 is running about two hours late due to small technical problems and heavy weather that has disrupted normal air traffic over italy that day ]
aerolinee itavia flight 870 , which was flying from bologna to palermo , crashed in the sea near ustica island in june 1980 . it was deemed mysterious , but it k * * * * * all 77 passengers aboard including four crew members . it later earned the nickname “ustica massacre . ” the authorities pointed out that the cause could’ve either been engine failure or act of terrorism . in 1989 , though , it was later found out that a missile shot down the airplane .
the crash of itavia 870 is an enduring aviation mystery . was the plane bombed or shot down ? if the plane was shot down , why , and by who ? if it was bombed , why , and by who ?
aerolinee itavia flight 870 , also known in the italian media as the ustica massacre (
strage di ustica
) , was an italian flight that suffered an in - flight explosion while in route from bologna , italy to palermo , italy . it was a regularly scheduled flight from guglielmo marconi airport in bologna , italy to palermo international airport in palermo , italy . the flight departed 2 hours late at 8 . 08 pm cet on 27 june 1980 . at the controls of the mcdonnell douglas dc - 9 - 15 that evening were captain domenico gatti and first officer enzo fontana .
[ due to some scallopping of the firenze vor , ih779 and ih870 are now about 8 miles left of the amber 14 ' s centerline ] itavia 779 , proceed direct to campagnano [ vor ] , 160 heading from present position . also 870 take 160 heading .
rome — itavia flight 870 was entering the final leg of a routine domestic trip from bologna , italy , to palermo , sicily , one clear summer evening when it suddenly plunged into the tyrrhenian sea near the small island of ustica , killing all 81 people aboard .
itavia 870 , rome , do you read ? [ no answer . two other traffic are requested to relay the calls to ih870 , but no answer is ever get from the dc - 9 . all 81 people on board perished in this yet to be explained crash ]
after the crash it was alleged that italy , relatively friendly with libya , allowed libyan aircraft to fly close behind italian domestic aircraft , to escape detection . on the night that itavia 870 crashed , gaddafi himself was planning to fly , back to libya . he was warned of an assassination attempt , and did not fly - itavia 870 was simply in the wrong place , at the wrong time . alternatively , itavia 870 was caught in a dogfight , again caught in the wrong place , at the wrong time . weeks after the crash , a libyan jet was found crashed in southern italy - confirmation of skirmishes between libyan and nato jets . there was also widespread allegations of a cover - up . several military figures ended up dead in the years after the crash , and there were allegations that nato conducted a cover - up . so , fuel for the conspiracy fire .
in 1980 , the mediterranean was a virtual warzone . libya was a rouge , violently anti - western state lead by an eccentric leader , muammar gaddafi . indeed , the year after the crash , [ american and libyan jets clashed over the mediterranean ] ( urltoken . italian journalists speculated that itavia 870 was caught in the crossfire in a dogfight between libyan and western jets , or was mistaken for gaddafi ' s jet , and itavia 870 was shot down in an assassination attempt . the evening of the crash , an investigative journalist ( andrea purgatori ) received a tip that the jet was shot down .
up to 230 , 870 . [ ih870 is cleared to fl230 and not to an higher level because at fl250 , a few miles ahead , another itavia aircraft , flight ih779 from bergamo to rome ciampino , is about to start descent . the radar controller asks to the dc - 9 crew if they ha
the 1980s were a turbulent time in italy . political violence was widespread , by both neo - facists and far left groups . weeks after the crash , the bologna railway station is bombed , killing more then 80 people . a second theory - was itavia 870 caught up in the political violence in italy ?
itavia flight 870 was flying from bologna , italy , to palermo , sicily , when it crashed , killing 80 people on board . in 2013 , italy’s highest court “implicitly acknowledged the most widely accepted theory behind the crash : that a missile fired by a warplane” hit the aircraft , the new york times reported . but italian officials did not confirm where the warplane came from .
pressure drove the italian government to salvage more of the wreckage , and a commission was set up . this commission - on the basis of more recovered wreckage and radar analysis , found that itavia 870 was shot down , by a missile from a fighter jet . however , several investigators dissented from the report in the years after the crash - on the grounds that there simply wasn ' t enough evidence .
last week , when italy’s highest court ruled that the country’s defense and transportation ministries had to compensate the families of some of the victims , the court implicitly acknowledged the most widely accepted theory behind the crash : that a missile fired by a warplane had hit the twin - engine mcdonnell douglas dc - 9 on itavia , a now - defunct domestic italian airline . but the court did not say where that missile came from .
the actual plane , per wikipedia : aerolinee itavia flight 870 - wikipedia , the free encyclopedia it ' s a twin engine aircraft that was designed for
short ' hops . see also asn aircraft accident douglas dc - 9 - 15 i - tigi ustica , italy [ tyrrhenian sea ] which has copies of the investigation report and other data . from the report :
the damage , i . e . distortion to skins , frames , floor beam etc . in the region of the rear toilet is consistently curved or bent away from the toilet itself .
the plane came apart midair as opposed to
on impact
. the investigation pretty much concludes it was a bomb located somewhere near the tissue holder in the toilet of the plane ( see page 15 - 16 of the report ) . as crash investigations go , the report appears to be a pretty through evaluation . the report does consider ( but rejects ) the idea of missile damage as the damage isn ' t consistent with that .
urltoken itavia flight 870 - wikipedia , the free encyclopedia [ / ame ] it is still sort of open . i am sort of inclined to believe that it would have been a bomb - i . e . if the physical evidence states it was a bomb then it most likely was regardless of what the italian judiciary thinks - but then again it wouldn ' t be impossible for it to have been accidentally shot down with a missile either .
gaddafi denied having been in the area of the accident that evening . on the other hand , other sources establish that indeed , gaddafi was crossing the zone in his official plane ( a sophisticated dc - 9 with anti missile devices ) traveling from tripoli to warsaw while being escorted by two libyan mig - 23 military fighters . apparently one - not two - unidentified fighter coming from toulouse fired two missiles at gaddafi ' s plane which were schieved , but following his trajectory hit the itavia plane . all this was recorded by majorca ' s radar .
the crash of itavia flight 870 in 1980 is one of the worst crashes in italian history , and one of the most enduring and controversial air disasters - next to mh 370 and twa 800 . the italian dc - 9 disintegrated over the mediterranean , during a flight from bologna to palermo . all 81 on board were killed . after the crash , investigators determined that the crash was the result of an explosion - not a mechanical failure onboard the dc - 9 . the cause of the explosion was not established , and remains controversial to this day .
i think the conspiracy stories head into tinfoil hat territory pretty quickly , to be honest . there was one about attempting to shoot down a plane in the slipstream of the itavia flight that was carrying nuclear materials to iraq . even the gaddafi angle gets weird when his plane tried to land - - so far i ' ve seen him secretly landing in malta ( it seems pretty unlikely that malta would let him in ) and also ditching in the ocean and escaping ( not sure how ) and then uk forces come in to sink the plane to hide the evidence , etc .
in recent months , strange incidents involving aircraft have received a lot of attention , especially with the ongoing mystery about the whereabouts of malaysia airlines flight 370 . disappearances are not the only odd occurrences that led to puzzling questions about the fate of various aircraft over the years ; incidents such as the explosion that brought down twa flight 800 in july of 1996 have been the focus of countless articles and television programs .
in response to what , at the time , was merely logged as the sudden disappearance of flight 870 , the italian air force scrambled a pair of f - 104s to try and locate the missing aircraft . leaving shortly after nine in the evening from grosseto air force base , the nighttime conditions led to difficulty in spotting the plane , and by the time the wreckage was discovered , several hours had passed . none among the 77 passengers or crew aboard the plane survived .
the resulting investigation led to a number of startling considerations ; chief among these had been the contention held by many in the italian government that a missile had brought down the plane ; to this day , the exact cause of the crash remains unknown , and the italian government has issued no official explanation as to the cause of this strange and troubling incident .
muammar gaddafi had purportedly been aboard a transport plane on the evening in question , and one theory holds that he had been the target of an international assassination plot at the time the ustica incident took place . in a statement by judge rosario priore , an italian expert on terrorism cases , “the passenger jet had either been brought down by a missile or had plunged into the sea after swerving to avoid a mid - air collision with one of the jetfighters . ” priore complained that his inquiries into the cause of the crash “had been deliberately obstructed by the italian military and members of the secret service , who had complied with requests from nato to cover up the tragedy . ”
priore was hardly the only official to have expressed his suspicions about the incident . former italian president francesco cossiga had also at one time gone on record stating that he believed a missile brought the plane down . this view is not unwarranted , apparently , since wreckage recovered during the investigation of the flight 870 incident had indeed suggested that a projectile had been involved ; according to the publications aviation week and space technology , who both reported on the unfolding investigations , damage to the airliner’s fuselage “was consistent with… a continuous - rod missile warhead as employed in air - to - air missiles . ”
in 1989 , italian senator giovanni pellegrino stated that , “the [ ustica massacre ] occurred following a military interception… the dc9 was shot down , the lives of 81 innocent citizens were destroyed by an action properly described as an act of war , real war undeclared , [ and ] a covert international police action against our country , which violated its borders and rights . ”
micah hanks is a writer , podcaster , and researcher whose interests cover a variety of subjects . his areas of focus include history , science , philosophy , current events , cultural studies , technology , unexplained phenomena , and ways the future of humankind may be influenced by science and innovation in the coming decades . in addition to writing , micah hosts the middle theory and gralien report podcasts .
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former italian president francesco cossiga attributed the cause of the crash to a missile fired from a french navy aircraft . on 23 january 2013 italy ' s top criminal court ruled that there was
abundantly
clear evidence that the flight was brought down by a missile . [ 1 ]
in june 2010 , italian president giorgio napolitano urged all italian authorities to cooperate in the investigation of the incident . [ 2 ]
in september 2011 the palermo civil tribunal ordered the italian government to pay 100 million euros ( $ 137 million ) in civil damages to the relatives of the victims for failure to protect the flight and for concealing the truth and destroying evidence . [ 3 ]
finally , on 23 january 2013 , italy’s top criminal court ruled that there was
abundantly
clear evidence that the flight was brought down by a stray missile and confirming the lower court ' s order that the italian government must pay compensation . [ 1 ]
in april 2015 the appeals court in palermo confirmed the rulings of the palermo civil tribunal of 2011 and rejected the appeal by the state attorney . [ 4 ]
zum jahrestag der flugzeugkatastrophe von ustica hat italiens staatspräsident giorgio napolitano alle staatlichen stellen aufgefordert , daran mitzuarbeiten , das unglück endlich aufzuklären . es müsse eine befriedigende und ehrliche rekonstruktion der ereignisse stattfinden , damit alle unklarheiten beseitigt würden .
this page was last modified on 13 december 2017 , at 14 : 21 .
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it has now been almost seven weeks since malaysia airlines flight 370 vanished . searchers are yet to find a trace of the plane , making this one of the most baffling aviation mysteries ever and prolonging the agony of the passengers ' families .
almost 34 years later , there is still no conclusive cause for the crash . early assumptions of mechanical failure gave way to talk of a terrorist bomb or missile strike . a 1989 report issued by the italian parliamentary commission on terrorism went so far as to say that ih 870 was shot down by the military , claiming
the lives of 81 innocent citizens were destroyed by an action properly described as an act of war , real war undeclared , a covert international police action against our country .
the incident became known as the
ustica massacre .
the question of which country was responsible went unanswered , though then - president of italy francesco cossiga later blamed the french . more recent investigations have suggested that a missile launched by italy ' s own military hit the plane . multiple italian air force officials were accused of cover - ups and high treason but eventually cleared .
in june 2007 , as the inquiries and commissioned continued , the families of ih 870 ' s passengers received a form of closure . the wrecked plane fuselage , painstakingly pieced back together , went on display at the newly opened museum for the memory of ustica in bologna . in addition to the plane , the memorial , assembled by french sculptor christian boltanski , features black boxes filled with passengers ' personal effects found at the crash scene . eighty - one hidden speakers , one for each soul onboard , whisper passengers ' thoughts and travel plans .
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the aircraft ( registered i - tigi ) , which left guglielmo marconi airport bound for palermo international airport , crashed at 8 . 59 pm cet into the tyrrhenian sea near the island of ustica , italy about 80 miles ( 130 km ) southwest of naples , italy . all 81 people on board were killed ( 2 flight crew members , 2 flight attendants , and 77 passengers ) .
two italian air force f - 104s were scrambled at 9 . 00 pm cet from grosseto air force base to locate the accident area and to spot any survivors but they failed due to lack of visibility . in july 2006 the re - assembled fragments of the dc - 9 aircraft were returned to bologna from pratica di mare air force base near rome . on 23 june 2008 , italy announced that they have reopened the case of flight 870 .
major sources in the italian media have reported over the years that the dc - 9 - 15 was shot down in a dogfight involving libyan , u . s . , french and italian air force fighters in an attempted assasination by nato members on libyan leader muammar al - qaddafi who was flying in the same airspace that evening .
the media also reported that radar monitoring released in 1997 by nato showed that at least seven fighter aircraft were in the vicinity when the jet plunged into the sea off the island of ustica . they said the radar showed one or two libyan mig - 23 had tried to evade detection by flying close to the airliner . three italian air force f - 104s , one u . s . navy a - 7 corsair ii and a french fighter pursued the libyan mig - 23 and a battle ensued , according to the reports .
former prime minister romano prodi , who comes from the central city of bologna where the dc - 9 took off from , told reporters in a 1997 interview that his government
had done its duty and nothing more
in seeking to clarify the june 27 , 1980 disaster . the centre - left government , voted into power in 1996 , made a fresh appeal in 1997 to the former nato secretary general javier solana to release data that could help throw fresh light on the case .
daria bonfietti , a senator who is also president of the victims families association , said the reports strengthened a hypothesis her group had always held .
it seems to me to strengthen the hypothesis of a war scenario that we have always upheld and definitely calls into question the fabrication that the italian air force has knowingly sustained through all these years ,
she said . she accused the air force and former political establishment of a deliberate and prolonged cover - up .
judge rosario priore , one of italy ' s most respected judges and an expert on terrorism cases , wrote in his indictment that all radar evidence indicated the airliner was hit by a missile or plunged into the sea after swerving to avoid an accident .
in his indictment , priore said the nine , eight of them serving or past members of the military or the military secret services , should stand trial on charges including high treason and giving false testimony . but priore , according to excerpts of the 5 , 468 page indictment carried by italian media , said those who actually may have caused the crash remained unknown , so he could not charge anyone with the crime of massacre .
flight 870
absolutely was not alone , neither was the sky during its flight path totally empty for a range of 50 miles
priore wrote in the long indictment . the judge concluded that the other aircraft near the plane must have been military , since no other civilian plane was flying that route at the time . according to the judge , a military aircraft darted into the flight path of the dc - 9 just as the jetliner was flying by . priore theorized that the fighter might have tried to take cover from an attack by flying parallel to the commercial craft .
the indictment accused the generals of failing to inform the government and judicial authorities of the possibility that there had been military activity in the area where the plane crashed into the sea , killing all on board .
on april 30 , 2004 lamberto bartolucci , franco ferri , zeno tascio e corrado melillo former italian air force officials where all acquitted from charges , however the court of assise pointed out that miscounduct did accure during the aftermath of the disaster and that they are positive that this turning point will lead to new investigations .
870 is cleared to palermo , via firenze , amber 14 , level 190 . we ' ll call you ready .
we ' ll report firenze . [ control was procedural . ih870 reached firenze vor at 20 : 20 ]
good evening to you too , 870 . squawk 1136 . cleared to palermo , via bolsena , puma , latina , ponza , amber 13
1136 is coming and 870 is cleared to palermo via bolsena , puma , latina , ponza , amber 13 and we ' re approaching 190 . . .
rome , 870 , with the traffic in sight , is turning left again , crossing 245 .
yes . . . neither ponza is working ? we ' ve found a graveyard this evening ; coming from firenze we didn ' t find one beacon working properly .
in fact , everything is a bit out , ponza too . what ' s your heading now ?
well , maintain 195 . you ' ll go some mile south of ponza .
i don ' t know if you want to keep this heading . otherwise you can go left , 15 - 20 degrees .
870 , you ' ve left ponza three miles to the right , so approximately to palermo it ' s good this heading .
pal [ vor ] is already on the air and coming well . and we got the ponza dme .
good , so normal navigation to palermo . maintain 250 , call me over alpha .
affirmative , slightly to the right , about four miles . radar service terminates here . call 128 . 8 for further ( instructions )
870 , roger . cleared to raisi vor , no delay expected . call back for descent .
to raisi , no delay . we ' ll call you for descent , 870 .
[ last transponder answer from the ih870 is recorded at the far southern end of the ciampino civil radar range . ih870 is recorded at fl250 , about 50 miles north of ustica island ]
italy ' s top criminal court has ruled there is
abundantly
clear evidence that a stray missile caused an italian passenger jet to crash into the mediterranean sea in 1980 , killing all 81 people aboard .
rome — italy’s top criminal court has ruled there is “abundantly” clear evidence that a stray missile caused an italian passenger jet to crash into the mediterranean sea in 1980 , killing all 81 people aboard .
quoting from the rome ruling on monday , the italian news agency lapresse said the court upheld a palermo appeals ruling that italian radar systems didn’t adequately protect the skies and italy must compensate the victims’ families .
some theorized a bomb exploded . others contended the jet was caught in the crossfire of a military aerial dogfight , with a libyan plane possibly the target . french , u . s . and nato officials have denied military activity in the skies that night .
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a look at some other well - known cases of airliner shoot - down incidents .
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aero trasporti italiani ( ati ) was an italian airline headquartered in naples , italy . it was founded in december 1963 as a subsidiary of alitalia to take over secondary domestic routes operated by the other alitalia subsidiary sam . operations began in june 1964 and terminated in november 1994 when the airline was merged back into alitalia .
the mcdonnell douglas dc - 9 series 32 was the sole jet plane operated by aero trasporti italiani .
the fokker f - 27 friendship was the first plane employed by the italian airlines .
on april 16 , 1972 , a fokker f27 , operating ati flight 392 , departed from rome to foggia , and crashed near ardinello di amaseno . all 18 people on board died .
and crashed into a hill about 43 miles from bari . all 27 people on board died .
and crashed into a ridge about 15 miles north of cagliari . the pilot departed from the normal approach pattern to avoid thunderstorms . all 31 people on board died .
crashed near lake como . the pilot lost control of the plane due to the buildup of ice on the wings . all 37 people on board died .
this article is issued from wikipedia - version of the 9 / 19 / 2016 . the text is available under the creative commons attribution / share alike but additional terms may apply for the media files .
html public
- / / w3c / / dtd xhtml 1 . 0 strict / / en
urltoken
) – ustica being a small island near the crash - site – the disaster led to numerous investigations , legal actions , and accusations , and continues to be a source of speculation , including claims of conspiracy by the italian government and others . former
aircraft , despite contrary evidence presented in frank taylor ' s 1994 report . on 23
january 2013 italy ' s top criminal court ruled that there was
abundantly
clear evidence that the flight was brought down by a missile . to date , this remains the deadliest aviation incident involving a dc - 9 - 10 / 15 series .
a suicide attack is a violent attack in which the attacker expects to die in the process . suicide attacks have occurred throughout history , often as part of a military campaign such as the japanese kamikaze pilots of world war ii , and more recently as part of terrorist campaigns , such as september 11 attacks .
while there were few if any successful suicide attacks anywhere in the world from the end of world war ii until 1980 , between 1981 and june 2015 , a total of 4 , 620 suicide attacks occurred in over 40 countries , killing over 45 , 000 people . during this time the global rate of such attacks grew from an average of three a year in the 1980s , to about one a month in the 1990s , to almost one a week from 2001 to 2003 , to approximately one a day from 2003 to 2015 . suicide attacks tend to be more deadly and destructive than other terror attacks because they give their perpetrators the ability to conceal weapons , make last - minute adjustments , and because they dispense with the need for remote or delayed detonation , escape plans or rescue teams . they constituted only 4 % of all terrorist attacks around the world over one period ( between 1981 and 2006 ) , but caused 32 % of all terrorism - related deaths ( 14 , 599 ) . ninety per cent of those attacks occurred in iraq , israel , the palestinian territories , afghanistan , pakistan , and sri lanka . overall , as of mid - 2015 about three - fourths of all suicide attacks occurred in just three countries : iraq , afghanistan and pakistan .
suicide is the act of intentionally causing one ' s own death . suicide is often carried out as a result of despair , the cause of which is frequently attributed to a mental disorder such as depression , bipolar disorder , schizophrenia , borderline personality disorder , alcoholism , or drug abuse , as well as stress factors such as financial difficulties , troubles with interpersonal relationships , and bullying . suicide prevention efforts include limiting access to method of suicide such as firearms and poisons , treating mental illness and drug misuse , and improving economic conditions . although crisis hotlines are common , there is little evidence for their effectiveness .
varies between countries and is partly related to the availability of effective means . common methods include :
. suicide resulted in 842 , 000 deaths in 2013 . this is up from 712 , 000 deaths in 1990 . this makes it the 10th leading cause of death worldwide . rates of completed suicides are higher in men than in women , with males three to four times more likely to kill themselves than females . there are an estimated 10 to 20
every year . non - fatal suicide attempts may lead to injury and long - term disabilities . in the western world , attempts are more common in young people and are four times more common in females than in males .
first in line to the throne (
heir apparent
) and therefore crown princess , ahead of her younger brother .
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this september i will have a flight from qatar ( doha ) to japan ( haneda ) with qatar airways on the very new route code qr810 . by checking its flight route i ' ve noticed that it flies over south iran , south afghanistan and north pakistan for at least 1 / 3 of the flight time . i know that the war is over in afghanistan and things are better now in iran and pakistan , but i ' m still worried about having a flight over their territory .
your flight will be going at 10 - 11 km high at the speed of 800 - 900 km / h - you ' ll need some serious surface - to - air weaponry to even attempt to target a plane in those circumstances .
it ' s natural to feel nervous , but you understand the airline has people whose job it is to worry about this , and who are as aware of current events as the rest of us , right ? it ' s not like they can ' t look at a map too .
none of the answers so far have mentioned the fact that some governments ( including western democracies ) have shot down civilian aircraft .
after mh17 incident , it seems diogo concern is right . we still don ' t know who fired surface to air missile or air to air missile but still shooting down commercial airlines plane , flying over + 32000ft , is possible . : ( rip who were in mh17 .
pretty darn safe . most terrorism or problems in those countries is on the ground . yes some people might have sams ( surface to air missiles ) but the odds of them even seeing you at 800km / hr + and 33000ft + and hitting getting you is not worth considering . they wouldn ' t waste their weaponry trying .
when a place is considered too dangerous to fly , there are several people who might stop this - the airline themselves , the pilots ( if they see something ) and even international bodies or countries . all have considered it and feel it ' s safe for you to fly there .
consider this flight and others fly over these countries every day , and there aren ' t even reports of near misses or attempts . you ' re so high up it ' s not even a consideration . enjoy your flight , and the view .
it ' s worth adding that the type of type of sam most likely to end up in terrorist hands , manpads are intended to engage targets at low altitudes ; most if not all of them are unable to fly high enough to engage a commercial air liner . sams capable of engaging an airliner at cruising altitude are much larger , typically requiring a dedicated launch vehicle ( or vehicles ) , are much harder to steal / smuggle / etc , and in general require trained operators to setup and use . they ' re not idiot friendly systems .
@ danneely : terrorists are certainly not idiots . they may have different values that you or me , but they are not less smart and often more cunning . many of them have military training and access to military equipment , including heavy equipment if they want it bad enough . the isil organization upgraded from kalachnikovs to anti - aircraft weaponry just this week when the iraqi security forces fled their posts .
though this just happened :
an advisor to the ukrainian interior minister , anton gerashenko , says the plane was flying at an altitude of 10 , 000 metres ( 33 , 000 feet ) when it was
hit by a missile fired from a buk launcher
, in a post on his facebook page , according to the associated press .
urltoken
@ orangedog : mark ' s answer mentions terrorism . the plane over ukraine was almost certainly shot down by the russians , possibly masquerading as ukrainian separatists . as dan noted , this kind of heavy sam ' s is owned and operated by governments .
in your particular example , there are a number of international organizations in that area , like the arab league , the ccasg and the opec , which have the uae as a member . even if iran would suddenly start to become as aggresive as north korea and threaten to shoot down aircraft entering their region , the political and economical repercussions of actually doing so would be extremely severe . they would face embargos , cancellations of trade treaties , heavy sanctions and worldwide punishments . it might even be seen as an act of war , which might start an actual war involving the arab league .
the threat of an attack from afghanistan is not as likely . most of the afghan terrorist weaponry dates back to the russian invasion of afghanistan and involves shoulder weaponry with shorter range and outdated launcher platforms . the missiles themselves often don ' t have an operational range long enough to attack an aircraft flying at 40 , 000 feet at 900 km / h .
pakistan ' s government has been stable for a while and even though diplomatic relations have deteriorated somewhat after the death of bin laden , the pakistani government would not take kindly to terrorists taking down a plane from their soil , let alone that they would take one down themselves .
in all cases , any attack originating from the ground of one of those states would have severe international repercussions and can easily lead to political , economical and possibly military action towards that state . even if it ' s an action from a splinter group located in that country , it could still lead to military intervention , like happened in afghanistan after the attacks of 9 / 11 by al qaeda . there are not many splinter groups who would commit such an act of terror with such a prospect .
otherwise + 1 , but the pakistani government wasn ' t able to stop the taliban from killing 36 people at karachi airport a few weeks ago . still a much easier target than an airplane flying at 11 km though . urltoken
if the iranian government decided to ban overflights in advance , they could do so and people would just have to respect it . but they ' d be losing the fees they can otherwise charge for them . if they decided to force down an aircraft after previously giving it permission to overfly , that would probably cause a serious international incident .
not - + 1 ' ing since the very suggestion that iran would do this shows an inappropriate bias . suppose you ' re from , say , france , and i were to write
if france were to suddenly put all of the muslims into concentration there would be grave international repercussions .
that ' s technically true but it ' s also practically slander because there ' s absolutely no way that ' s gonna happen in the foreseeable future .
@ einpoklum the bias is in the question , not this answer . the question was
is it safe to fly across iran in a commercial flight
, which in itself implies that the author himself thinks that iran might do this . i don ' t say iran would ever do this , i just explain what would happen if iran did this .
i have flown into kabul on a passenger jet , in 2008 . the protocol is very simple - the pilot isn ' t concerned for several reasons :
if you are landing , as i was , you are going to be landing at night , because that ' s when they schedule them .
until they descend below 20 , 000 feet , you are out of the range of a sam . typically , they need to be within 4 miles of their target so at any sort of cruising height , you are safe .
in reality , there isn ' t an easy way to detect what aircraft you are hitting at , and as such , little incentive for taking any random aircraft out .
i say all of this to say - this was for landing in kabul , and nobody worried . grant you , when we landed , we had to turn off all lights and close the windows , making us invisible - but if you are just on your way , you are totally safe .
i don ' t think there ' s any problem with this at all . iran and pakistan are not currently at war with anyone , the security situation is quite safe in both , and commercial airlines service those countries daily .
afghanistan has been in an effective state of civil war since the departure of us forces , with a weak central government . however , it ' s unlikely any force would attempt to shoot down a random airliner since there is nothing to be gained and it would be a waste of expensive weaponry . your main concern is your security on the ground should the aircraft need to make an unscheduled landing due to mechanical issues , but that happens relatively rarely and your aircraft can probably keep flying on to pakistan or china before setting down .
south korea hosts a large number of us combatants , but is nevertheless safe to fly over .
as far as overflying unstable primitive tribal lands like afghanistan and pakistan goes , the only worry i ' d have is a major mechanical malfunction ( not a shoot - down ) forcing an airliner to land somewhere in those lands , and being taken hostage . considering the lack of suitable runways and atc , it ' s unlikely that you ' d end up surviving the landing anyway . it ' s more likely that your airliner could glide into a major city with a real airport , where you probably would not be attacked . so , either enjoy your flight , or rebook to a flight that doesn ' t overfly these areas if you ' re that nervous about it .
it is a boing 787 flight . . . probably it wont have such problems ( i hope ) .
airliner shootdown incidents are extremely rare . wikipedia lists a handful per decade and many of those were flights going to / from the warzone and / or flights in propeller planes that fly lower and slower than jets .
for a recognised government there is little reason to shoot down airliners . if they don ' t want foreign airliners in their airspace then they just need to ask nicely .
most rebels don ' t have the ability to shoot down airliners at cruise altitude and the governments they are rebelling against usually have a reasonable idea of what weapons the rebels are likely to have and will set up airspace restrictions accordingly .
going through wikipedia removing things that are not jet airliners and removing cases where planes going to / from a country were shot down by local rebels i get .
2014 : malasia airlines flight 17 shot down over eastern ukraine . apparently a case of the government underestimating what weapons the rebels had available combined with the rebels misidentifying the plane .
2001 : siberia airlines flight 1812 shot down near ukraine , apparently in a training exercise gone wrong .
1988 : iran air flight 655 shot down by the americans in an apparent case of mistaken identity .
1983 : korean air lines flight 007 shot down by the soviets after flying into restricted airspace , apparently caused by a navigation error combined with soviet paranoia about spy flights .
1980 : linhas aéreas de angola yakolev yak - 40 shot down while in it ' s home country following
actions by a foreign aircraft
. apparently accidental , details unclear .
1978 : korean air lines flight 902 shot down by the soviets after it violated soviet airspace and was misidentified as an american spy place .
1973 : libyan arab airlines flight 114 . got lost , ended up in israeli controlled territory , was intercepted , refused to land and was shot down .
that is really a pretty small number of incidents and the number seems to be declining , unless you are flying to / from an area with active hostilites or flying over an area with active hostilities in a prop plane i really wouldn ' t worry .
2014 was a case of government underestimating sanity of another government ( russia ) , which provided the russian - backed rebels with a serious sam - and this was something which never happened before in history .
thank you for your interest in this question . because it has attracted low - quality or spam answers that had to be removed , posting an answer now requires 10 reputation on this site ( the association bonus does not count ) . would you like to answer one of these unanswered questions instead ?


crest capital is an equipment financing and leasing company , based in atlanta , georgia .

its president as of 2011 was mark french and charlie hanavich is cart director .

crest capital

what does equipment financing with crest capital do for you ? crest capital ' s team answers your frequently asked questions questions here .
since 1989 , crest capital has been providing the funds that help businesses grow .
crest capital allows you to select the equipment you need from the seller you want .
mr . guderyon is the founder & managing partner of crest capital llc . crest capital llc is a finra registered broker dealer that was formed in 2015 to address the capital market and placement service needs of niche financial service companies .
crest capital can give you an answer fast . the bank will make you wait weeks .
copyright © 1989 - , crest capital . all rights reserved . | related | terms of use
we have had the pleasure of doing business with crest capital several times and each time was great ! ! unlike other finance companies crest capital is honest from start to finish with nothing to hide .
s the concept of customer service ; we found that trait in crest capital . will always recommend .
on top of equipment financing , crest capital offers vehicle and software financing , as well as vendor programs .
banks love extra fees and nickel and diming you . crest capital doesn’t have time for that . neither do you .
crest capital isn’t going to ask you to re - qualify for the loan annually . the bank will - just read the fine print .
as well . quick and easy process . we highly recommend this company . thanks mike , patti , liz , sean & all at crest capital !
financing for more than $ 250 , 000 requires a more extensive application process . besides your credit score and payment history , crest capital requires the following :
if you borrow from the bank for equipment , you won’t be able to borrow later if an emergency comes up . using crest capital for equipment purchases means you can still use the bank for emergencies . ( preserve bank lines for working capital )
do you really think rates are going down ? no , we don’t either . which is why crest capital’s fixed terms are better than the bank’s adjustable rates .
crest capital is a professional practice based in johannesburg , south africa which specialises in assisting medium - sized corporations and privately held businesses with their corporate finance needs .
crest capital ' s flexible loan terms , no additional fees and customer service make it our best pick for best equipment financier in 2018 . however , crest requires a large amount of documentation to get a loan , compared to its competitors .
established in 1989 , crest capital is a national lender specializing in providing growing businesses with no - hassle equipment financing and leasing . quickly , easily , and at great rates .
your accountant will tell you – crest capital’s fixed term loan looks better on the balance sheet than a bank’s revolving terms . oh , and the tax man agrees as well .
access to our vast network of businesses , providers of capital , legal and other specialist advisors .
besides the interest rate , the only fee crest capital charges is a $ 250 documentation fee . after agreeing to a deal , crest capital immediately collects the documentation fee and first month ' s payment . the lender then purchases the equipment the next day from the vendor of your choice . repayment is made monthly via an automatic withdraw from your bank account .
ts from the equipment dealer that crest capital was able meet with no issues and no extra costs . also financed 100 % of the soft costs . very easy to work with .
po box 88233 • atlanta , ga 30356 • 800 - 245 - 1213 • fax 888 - 391 - 6728 | copyright © 1989 - , crest capital . all rights reserved .
offer your b2b customers more payment options through crest . it’s easier than you think .
we were extremely impressed with crest capital ' s customer service . to test its customer support , we called the lender multiple times , posing as a business owner interested in equipment financing .
software financing : this allows clients to freely choose the software they would like , and crest capital can offer 100 percent financing . the company is section 179 friendly and boasts fast approval within hours .
with crest capital , you can choose between various loan structures , some of which allow you to keep the vehicle or equipment at the end of the term . these are some of the options available :
part of crest capital ' s appeal for us was its wide array of financing terms . the company offers financing of up to $ 1 , 000 , 000 , with term lengths of 24 to 84 months . the wide range of options lets you choose the financing structure that best fits your needs . we also like that crest capital lets you choose your own loan term length that fits into your budget .
crest ' s loans are secured by the equipment , vehicles or software that is being financed .
crest capital is helping small and medium - sized businesses get equipment and software financing for over 21 years now ! see what some of our customers and vendor partners are saying ( zero complaints ) about our process .
crest capital provides three different small business loan options but does not work with startup financing , or bad credit financing . the website also does not really provide specific details on each of the small business lo programs .
crest capital has a simple online form , and applying won’t place an inquiry on your personal credit . the bank will stamp your credit , require several years of tax returns , and about a hundred other financial documents .
there are several minimum eligibility requirements you need to meet to be considered for an equipment loan with crest capital . you must have a minimum credit score of 700 and have been in business for at least two years .
equipment financing : crest capital clients can get the equipment they need with no - hassle financing . it has an easy , no - paperwork application , and works with progress payments , re - finances , and payoffs .
the bank usually only finances 80 % of the equipment , and no soft costs . crest capital will finance 100 % , and will also finance soft costs , like delivery , installation , etc . ( lower upfront costs )
all information you submit here will be safe , secure , and confidential . your e - mail address is used only to conduct communication between you and crest capital , and is never sold or given to any third parties .
crest capital university offers helpful tips and information to help end - users , equipment dealers and manufacturers gain a better understanding of the equipment and software finance industry today . * * warning * * - this information is very helpful !
once you submit all this information , crest capital usually makes an approval decision within one business day . this is considerably faster than many of the other lenders we looked into , which take up to two weeks to approve borrowers .
while the website does not explain any information on fees , a phone representative stated that the company charges a $ 275 documentation fee . crest capital charges the documentation fee up front , along with the first month ' s payment .
each time we reached crest capital , a professional , pleasant and helpful representative immediately answered our call . just having someone take our call was a step up from some of the other lenders we contacted , which sent us straight to voicemail .
crest capital has a quick application process , fast approvals , a variety of financing terms and excellent customer service . it can even pair you with an equipment or vehicle vendor . here is a breakdown of why it ' s our best pick .
this special report quotes mark french , the president of crest capital as stating “medical equipment leasing has been steady . most of the other vertical markets have declined since 2009 , but medical equipment is one of only three areas that has held steady . ”
after much research and analysis , we recommend crest capital as our 2018 pick for the best alternative lender for equipment loans . to understand how we selected our best picks and to see a comprehensive list of alternative lenders , visit our best picks page .
crest provides businesses of all types with quick and easy funding options . it has reasonable loan qualifications , and can work with companies to make sure they get the funding they need . there are several different types of agreements to choose from , like 10 percent purchase option and a $ 1 purchase agreement . this wide variety of loan types separates crest capital from competitors .
ongoing access to , and interaction with , the directors of crest to ensure that you benefit from our vast experience .
the bank will want you to keep a healthy balance in the bank , and pokes their nose into your debt to equity ratio and other numbers . crest capital doesn’t – we finance the equipment , without the mumbo jumbo . ( no financial statement covenants )
because crest capital is not a big bank , its small business loans are more flexible and affordable . customers do not have to worry about hidden fees . the company offers 100 percent financing from $ 5 , 000 to $ 500 , 000 , fixed rates , and terms from 24 to 72 months . all costs can be financed , from delivery to installation . the company does not require collateral and boasts lower upfront fees than big banks . conveniently , people do not have to re - qualify with crest capital every year .
at crest capital , we like to envision a world where any growing business can get the credit they need . not only that , but we think applying for credit should be simple and straightforward . our vision , from day one to today , remains the same .
fair market value : this offers the lowest fixed monthly payments . in addition , the payments are usually 100 percent tax deductible . at the end of the lease , you can purchase the equipment at fair market value , renew the lease or return it to crest capital .
crest capital also offers section 179 qualified financing , which allows tax deductions on the cost of equipment . under section 179 , small businesses can deduct up to $ 500 , 000 , with a threshold of $ 2 , 000 , 000 for total equipment purchased for the year .
the biggest drawbacks with crest capital are its requirements for the minimum credit score and time in business . the requirement for at least a 700 equifax score could eliminate some businesses from even being considered for financing . in addition , the company doesn ' t work with startup businesses .
sunday , 6 : 30 pm , on the putting green , we caught up with mr . french , who has been on a journey to drive growth for crest capital , to discuss the lessons learned as well as key trends that will impact the future of the company .
crest capital is a direct lender that specializes in small and medium - sized business loans . according to the website , clients can choose equipment , vehicle , or software financing to help with their business , each option with a simple application that doesn ' t require much documentation .
10 percent purchase option : this is a lease with a fixed monthly payment as well as a fixed purchase option . at the end of the lease , you can purchase the equipment at 10 percent of its original cost , renew the lease or return the equipment to crest capital .
the bank will require cross collateral , meaning your home , your boat , and your kid’s college accounts all get tied up with your loan . crest capital leaves your life ( and your kids ) alone . no blanket liens , no compensating balances , no loaning you your own money !
hands down it ' s our people . . . one of our corporate mantras is : ' no one waits for crest . '
what makes crest capital successful ? hands down , it ' s our people . we actually care about delivering exceptional results and exceeding the expectations of our business partners and customers . we ' ll anticipate , do the extras , and work hard so you don ' t have to . and we ' ll work late so it all gets done without delay . one of our corporate mantras is
no one waits for crest
.
the company ' s website does not , however , explain location eligibility or interest rates , and crest capital charges a $ 275 documentation fee . it is important to note that the company does not offer bad credit financing or startup business financing . when exploring small business loan services , we recommend going with a more transparent company .
crest capital is an accredited member of the better business bureau with an a + rating . it also scored a 5 out of 5 stars on more than 60 customer reviews . as of june 2018 , there had not been one consumer complaint filed against it with the bbb in the past three years . many of the other lenders we examined had at least some complaints filed against them . crest was one of the only lenders we found that had positive reviews and not one complaint .
instead of trying to get information about our business and the equipment we wanted , crest capital representatives allowed us to ask all our questions first . some of the other lenders we spoke to brushed aside our questions and immediately started gathering the information they wanted , like how much the equipment we wanted to finance was and the financial status of our business .
and why the name
crest capital
? you ' d be surprised how often i ' m asked that question ! and it ' s an all too simple answer . i was brushing my teeth , getting ready to head over to the attorney ' s office to file the incorporation papers when he called and asked me what i wanted to name the company… and that ' s it . no meetings , no focus groups , no anything… if he called ten minutes later , it might have been named
coffee capital
or something like that .
at crest capital , our strength is providing small and medium - sized businesses with the equipment , vehicle , and software financing you need at better rates , while also eliminating hassle often encountered with typical bank loans . our customers benefit by completing a simple application without the need for tax returns and financial statements , and getting a decision immediately rather than waiting weeks .
q : do the path act capital investment incentives apply only to construction equipment ? a : no . a broad range of tangible personal property is eligible for special tax treatment under the path act .
unlike some of the other companies we reviewed in this category , crest loans have one purpose : financing equipment , vehicles and software . depending on your business needs , crest is a good alternative financier that can help you get the funding you need . it ' s ideal for investing in new construction equipment , vehicles or business software .
the only drawback we found in crest ' s service was the amount of documentation needed to get a loan . this will vary widely depending on the amount you apply for . many lenders only require some limited financial data . this limitation , however , is a minor one when you consider the flexibility that crest provides on its agreements .
white crest capital ' s total management fee is 0 . 75 % . this low fee significantly increases the power of compounding and growth of principal . on a $ 500 , 000 portfolio , an investor would save on average $ 5 , 000 dollars a year and $ 50 , 000 dollars over ten years compared to a typical management fee of 1 . 75 % .
the sale of a business is a highly complex process and in order to ensure your transaction objectives are met , the process should be entrusted to a team of highly qualified and experienced dealmakers . crest capital’s directors have many years of experience in guiding business owners through the complexities of the sale of their business and , in the process , ensuring that the optimal end result is achieved .
white crest does not make any representations or warranties as to the accuracy , timeliness , suitability , completeness , or relevance of any information prepared by any unaffiliated third party , whether linked to white crest’s web site or incorporated herein , and takes no responsibility therefore . all such information is provided solely for convenience purposes only and all users thereof should be guided accordingly .
the website does not include any information on interest rates or fees . when calling the company , a phone representative stated that crest capital charges 5 . 85 percent on a $ 25 , 000 , 60 - month term loan . this is nothing special for the industry and is pretty average . the company does not explain any details on an origination fee , closing fee , or the time it takes for funding to enter one ' s bank account .
fair market value : this option has the lowest fixed monthly payment of any of the plans . at the end of the lease you can purchase the equipment at fair market value , renew the lease or return the equipment to crest .
q : what do the 2016 capital investment incentives ( depreciation bonus and increased sec . 179 expensing ) mean for my business ? a : by lowering your taxable income , bonus depreciation and sec . 179 can cut your 2016 tax bill , thereby freeing up cash in the near term .
during all our calls , the representatives we spoke to provided clear and detailed answers to each of our questions . some other lenders we spoke with gave unclear answers that left us confused about exactly how their financing worked . crest capital representatives are available via phone , email and online forms . the company ' s website features details on each of the lender ' s financing programs , a helpful faqs section and a section 179 calculator to give you an idea of how much money you could save by using those tax - deduction options .
crest offers a broad array of equipment , vehicle , furniture , and software lease and loan agreements at fixed rates that won ' t go up with inflation . crest also provides real quotes instantly - use our free monthly payment calculator at the top of this page to get payment quotes delivered right to your inbox . no telemarketing , no hassles , and no pressure . we ' ve flourished for nearly a quarter of a century because we simply deliver the equipment financing and equipment leasing that businesses like yours need .
the overall loan process may take a bit longer than some other lenders we reviewed , but the company provides larger funding amounts than some other solutions we reviewed . crest wants to ensure that your business can qualify for and pay back the loan it will issue .
crest capital has been providing equipment and vehicle financing since the late ' 80s . if you ' re seeking financing for $ 250 , 000 or less , you fill out and submit a simple application . this is ideal for business owners looking for quick funding . you have the option of filling out an application online or completing a paper version . the paper version can be faxed or scanned and emailed in . the application includes basic questions about you , your business and the equipment you want to finance . these are some of the specific questions included in the application :
crest also allows you to choose between equipment loans and leases . the difference between the two has to do with the structure of the agreement and whether or not you end up owning the vehicle at the end of the term . there are several different types of agreements :
should you decide to pay the full amount of the loan upfront , there are no pre - payment penalties . you may qualify for a discount on the remaining interest . all these different plans and agreement structures makes crest one of the most flexible alternative lenders of any company we reviewed .
crest requires more special documentation than any company we reviewed . for loans over $ 250 , 000 , the company wants to look at financial statements , tax returns , a list of loans and leases , a written overview of your business and a description of how you ' re going to use the equipment .
10 percent purchase : this agreement involves a fixed monthly fee and a purchase option at the end of the term for 10 percent of the equipment ' s original cost . if you don ' t want to purchase the equipment for 10 percent , you can renew the lease or return the equipment to crest . there ' s also an option to upgrade equipment .
these may seem like strict qualifications , but it shows that crest is a reputable company looking to provide loans to businesses that meet its requirements . by providing this information , you can partner with a company that has some of the most flexible loan agreement terms and plans of any company we reviewed . the level of documentation you need to provide will vary based on the loan size .
because crest is an equipment financier , the terms and rates will vary widely with your specific loan situation . the first thing to keep in mind is that pricing and terms change when you borrow more than $ 250 , 000 . this amount is set as a benchmark to separate quick loans from larger , more complex loans . for example , you only have to submit a simple online application to get financing less than $ 250 , 000 .
when we called and interacted with crest sales agents , they provided us with all the information we needed . the representatives were friendly and concise . they let us ask all the questions we needed and didn ' t push us to provide business information or sign up for their service . at the end of the call , the representative followed up with us with a company brochure via email . this level of attention was nearly unmatched by competitors .
on dec . 18 , 2015 , president obama signed the protecting americans from tax hikes ( or path ) act . among other things , the law reinstated bonus depreciation and higher sec . 179 expensing levels for 2015 and beyond . history has shown that these investment incentives have a significant and positive impact on equipment demand and business activity . the information below about the capital investment incentives in the path act is provided by associated equipment distributors ( aed ) as service to dealers , manufacturers , equipment purchasers , and the broader business community .
crest is a reputable company that was established almost 30 years ago . it works mainly with small businesses – companies that have between five and 75 employees – and has a good online reputation . it earned an a + with the better business bureau and earned 5 out of 5 stars . this was one of the only companies that earned this high a rating on bbb . it also has no negative reviews or complaints , and over 60 positive reviews . other review websites reflect this level of quality .
in addition to plans with many kinds of agreement structures , there are some other plan and pricing features that crest provides . the master agreement , for example , can function as a line of credit to purchase future equipment . step - up plans allow businesses to schedule lower payments earlier on in the term agreement . establishing a seasonal plan is an option where seasonal businesses don ' t have to pay during slow months . deferred plans allow business owners to defer any payment for up to six months after the agreement is signed .
all the financing structures can be combined with a variety of other payment options . these include step - up plans ( lower payments early in the finance term and higher payments later ) , deferred plans ( defer payment for up to six months ) and seasonal plans ( no monthly payments during seasonal businesses ' slow periods ) . the seasonal plans are especially attractive for small business owners who own businesses where they only use their equipment at certain times of the year . this kind of flexibility was nonexistent from other lenders and is another reason why crest is a great equipment financier for small businesses .
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notice : the information on this site should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability . for more information about the bonus depreciation and sec . 179 , contact your tax professional or visit the internal revenue service website .
under the path act , 50 percent bonus depreciation is in effect for 2015 , 2016 and 2017 . for 2018 , the depreciation bonus amount is 40 percent . for 2019 , it is 30 percent .
helps businesses that buy new equipment cut their tax bill by allowing them to depreciate (
write off
) more of the cost the equipment in the year it is purchased .
applies , among other things , to purchases of tangible personal property ( including construction , mining , forestry , and agricultural equipment ) with a macrs recovery period of 20 years or less .
applies to new equipment only (
original use
must occur with the taxpayer claiming bonus depreciation ) .
equipment must be purchased and placed in service in the year in which the taxpayer is claiming the bonus .
in lieu of claiming bonus depreciation , companies may instead elect to accelerate alternative minimum tax ( amt ) credits .
under the path act , sec . 179 expensing levels for 2015 are $ 500 , 000 with a $ 2 million phase - out ( i . e . , taxpayers can expense $ 500 , 000 in purchases as long as total purchases don ' t exceed $ 2 million ) . for 2016 and beyond , the expensing level and phase out cap are indexed for inflation .
can be combined with depreciation bonus ( i . e . , expense first $ 500 , 000 of equipment purchases and take bonus depreciation on new equipment purchases between $ 500 , 000 and $ 2 million ) .
for the joint committee on taxation ' s detailed explanation of the path act , click here .
for a section - by - section summary of the path act from the house ways & means committee , click here .
for an example of one of the myriad industry coalition letters to congress about the depreciation bonus and sec . 179 that aed coordinated in recent years , click here .
the equipment must be depreciable under the modified accelerated cost recovery system ( macrs ) and have a depreciation recovery period of 20 years or less . the macrs cost recovery period for construction equipment is generally five years . for an irs chart detailing the macrs recovery periods for various types of property , click here . check with your tax professional .
the original use of the equipment must commence with the taxpayer claiming the depreciation bonus after dec . 31 , 2015 ( i . e . , it must be new ) .
the equipment must be placed in service before jan . 1 , 2017 . certain equipment with a recovery period of 10 years or more and certain transportation property can be placed in service before jan . 1 , 2018 and still qualify for the depreciation bonus . check with your tax professional .
q : is there any downside to taking advantage of bonus depreciation ? a : the more you depreciate now , the less you ' ll be able to depreciate later . in other words , your tax bill in future years may be higher because you ' ll have less to deduct . but ask yourself this : would you rather have the tax savings in your pocket now to invest in your company or would you rather have uncle sam hold onto your money for a couple additional years ?
q : does the equipment have to be new to qualify for bonus depreciation in 2016 ? a : yes . to be eligible , the
original use
of the equipment must commence with the taxpayer claiming the depreciation bonus after dec . 31 , 2015 .
q : how long do i have to take advantage of the deprecation bonus in 2016 ? a : to qualify , the new equipment must be acquired and placed in service by the taxpayer claiming the depreciation bonus before jan . 1 , 2017 .
q : do i have to use the deprecation bonus ? a : no . you may elect out of depreciation bonus ( meaning it ' s your choice whether to use it ) . additionally , in lieu of claiming bonus depreciation , companies may instead elect to accelerate alternative minimum tax ( amt ) credits .
q : how will the depreciation bonus be phased out ? a : for 2015 , 2016 , and 2017 , the depreciation bonus amount is 50 percent , for 2018 it is 40 percent , and for 2019 it is 30 percent . the bonus depreciation law expires in 2020 .
q : does the equipment have to be new to qualify for sec . 179 ? a : no . unlike the depreciation bonus , sec . 179 expensing can be applied to both new and used equipment .
q : can sec . 179 and the depreciation bonus be combined ? a : yes . companies eligible for sec . 179 can also combine it with the depreciation bonus for even bigger tax savings .
q : where can i get more information about bonus depreciation and sec . 179 ? a : irs publication 946 - how to depreciate property provides a good overview of how bonus depreciation and sec . 179 operate . keep in mind that the guidance document has not yet been updated for 2015 or 2016 , so keep the date changes from the path act in mind when you read it .
q : where can i get more information about everything that was in the tax increase prevention act ? a : a section - by - section summary of the path act prepared by the house ways & means committee is available here .
q : what should i do if i have other questions ? a : contact your accountant , attorney , or other tax professional in your area if you have further questions .
please note that the information on this site is provided by the associated equipment distributors as a public service to equipment purchasers . it should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability .
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hi , i thought you would be interested in this article from equipment finance advisor .
a report issued by dotmed business news , indicates that the prospects for the medical equipment and healthcare technology leasing markets are improving .
the report also noted that while medical equipment leasing has been stable , healthcare related software has experienced strong growth , particularly in the area of electronic medical records ( emr ) . according to mark french , “every year over the past three years , medical leasing in it has almost doubled . the tax incentive is definitely driving the market . it’s a phenomenon . ”
equipment advisor sits down with john martella to hear his vision for the . . .
twenty - five years after the founding of the national association of equipment . . .
joe collins of orion first delivers a comparative analysis of the advantages and disadvantages of building an in - house servicing operation vs outsourcing to a third party .
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rated # 1 best equipment financing & leasing in u . s . | crestcapital™
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ing the loan but the company took care of it once they were aware of the problem .
they ' ve been pretty easy to work with on a loan for used equipment that my own bank ( chase ) couldn ' t do . i can say it was the best option for my shop .
included . make note we requested this loan in december 2015 and want to pay it off in april2016 .
. ” to quote mike marcin . lynn danson , george messic have also not responded .
they were clear on things from start to finish , easy , and friendly .
was a good one . very upfront with pros and cons of financing used equipment .
best equipment finance company out there . it actually is , very good service .
i want to discuss a particular aspect of equipment financing that many businesspeople really don ' t understand . and that ' s the difference between what i call
i ' m not really a salesperson at heart , but whenever i talk with a small business owner , i ' m probably going to bring up equipment financing . not so much because
a holistic service offering providing guidance through the entire transaction from start to finish .
we look forward to partnering with you to realise the full potential of your business .
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a vital part of small business growth is purchasing and using vehicles and equipment . luckily , there are alternative lenders out there devoted to financing equipment . some lenders provide financing for equipment you ' ve found through a vendor , while others can pair you with a vendor as well .
editor ' s note : trying to find a business loan that ' s right for you ? fill in the questionnaire below , and you will be contacted by our partner alternative lenders , who will help you find the right loan for you .
the lender also requires that you don ' t have any current delinquent payments or a history of nonpayment to creditors . the lender reviews all this information and usually makes a final determination within four hours . this is significantly faster than many other equipment financing lenders we examined . this approval process is seamless for businesses looking for funding under $ 250 , 000 .
equipment finance agreement : this is a fixed - rate loan offering a monthly payment that does not fluctuate with treasury rates . at the end of the term , you own the equipment .
$ 1 purchase agreement : with this lease , you have a fixed monthly payment , and you own the equipment at the end of the lease for a nominal amount , such as $ 1 .
guaranteed purchase agreement : this provides a guaranteed purchase price for the equipment at the end of the term . you can choose a purchase price that is fixed at a certain dollar amount or pick from a range between a fixed minimum and maximum amount .
first - amendment lease : this gives you a purchase option at one or more defined points during the lease , with the requirement that you renew or continue the lease if the purchase option is not exercised .
operating lease : this meets the criteria established by the financial accounting standards board and is available for equipment with a strong after - market value . if you want to learn more about equipment leasing , we encourage you to check out our equipment leasing buyer ' s guide .
since there many types of financing structures , it ' s impossible to say what your interest rate would be . those rates are determined not only by the structure you choose but also by the term length , credit score , your time in business and the type of equipment being financed .
matt d ' angelo is a b2b tech staff writer based in new york city . after graduating from james madison university with a degree in journalism , matt gained experience as a copy editor and writer for newspapers and various online publications . matt joined the purch team in 2017 and covers technology for urltoken and business news daily . follow him on twitter or email him .
our partners not only sell more goods ; our vendor programs also increase margins , improve sales cycle times , and can even help close sales months later . supported by the industry ' s best team of professionals , our programs combine innovative finance tools with lightning fast turnaround - all at no cost to you .
respect a client ' s time , and get them a speedy
same day
approval .
work effectively with all businesses who need us , from small companies requiring funds to grow to vendor partners looking to offer their own customers credit .
lastly , be a company who clients return to again and again , and enthusiastically recommend to others .
we ' re pleased that these ten steps contribute to not only our success , but the success of our clients as well . we ' re proud of our track record , and invite you to join our family of satisfied customers .
our people , our community , and our clients deserve the utmost in honesty and integrity , and they also deserve our best , every single day .
we employ individuals with exceptional character and potential , and we allow them to utilize their talents to the best of their ability . we encourage clear communication and demand honesty in all interactions .
we provide true career opportunities , recognize achievement , invest in personal growth , and reward performance . this encourages our staff to increase their skill set and take on greater responsibility . our staff is energetic , smart , and focused , allowing us to consistently outperform the competition .
we strive to build and sustain long - term relationships by always understanding our customer ' s needs . we also truly listen , continually introducing new products ( and developing custom financing and leasing programs ) that give our customers a true competitive advantage .
we ' ve been in business since 1989 , and we plan to be here for a long time to come . we ' re proactive , but we ' re also careful , focusing on sustainable long - term financial performance goals that provide a fair return on investments .
rock solid
is a good metaphor .
we hold ourselves to the highest standards of business conduct , and we ' re actively involved in our community . we donate to three local charitable organizations , and we volunteer our time as well . we feel it all begins at a grassroots level – if we better our local community , our ( better ) community then makes for a better city , which makes for a better state , and so on . yes , it seems far - reaching to believe that cleaning an atlanta park can make the usa ( and the world ) better , but it has to start somewhere . besides , we feel there ' s no downside to being a good corporate citizen .
then you went to college – auburn , right ? how did that help shape your path ? yep , when i initially hit the auburn campus my career goal was to play strong safety in the nfl , but after a dose of reality i realized i needed to focus on getting a degree . i was good in math , and an advisor had originally recommended i major in engineering - but after a couple semesters i recognized that wasn ' t what i wanted to be doing the rest of my life . although deep down i wanted to major in finance , i changed my major to accounting because i knew
all the old guys
in the business world would give me a little respect if i passed the cpa exam . and looking back , that was a really good decision – to me , accounting was way easier ( and more fun ) than engineering ! life was good .
how about a career disappointment ? you know there ' s always going to be disappointments . progress on important goals and objectives often slow to a crawl and take a backseat to day - to - day business demands ; a great hire turns out to be a washout ; a new referral partnership fails to produce… all kinds of stuff . overall , i ' ve managed to keep the lows to a minimum and ride the highs to a very successful couple of decades in business .
what is the best piece of business advice you ever received ? follow through . always do what you say you ' re going to do .
follow through . always do what you say you ' re going to do .
do you have a mentor or someone you looked up to ? my dad . his video production company helped many of the nation ' s largest organizations handle management issues . he was recognized with numerous national and international awards including seven telly awards , best of show at the aurora awards , and a cine golden eagle . he was easily the most effective communicator , educator , and motivator that i ' ve ever had the opportunity to be around .
tell us something we don ' t know about you . i learned to scuba dive in the gulf of thailand at the age of eight .
favorite band . and movie . for one artist , i ' d say jimmy buffet . but my ipod ranges from jazz to heavy metal , and i grew up on classic rock , so that ' s my go - to on long drives . as far as movies , saving private ryan comes to mind . my dad joined the navy during wwii at age 15 and drove a landing boat in the pacific – the opening scene depicting the omaha beach assault serves as a graphic reminder of the price of freedom .
what ' s on your desk right now ? the most interesting item is a feasibility study evaluating the potential of moving more of our computing infrastructure to the cloud . we moved our email and collaboration software offsite a couple years ago and it has worked well . you ' d think we ' re running a data center with all the servers and hardware we maintain , and the idea of reducing internal tech demands is appealing . that said , in our business we have to take into account legal , economic , scheduling , and other non - technological factors , so it ' s something that requires thought .
last question…
if i wasn ' t doing this , i would be…
a play - by - play sportscaster . my wife thinks i missed my calling – she ' s always pointing out when the commentator on tv repeats what i said five seconds earlier . and it would be a great gig wouldn ' t it ? most of us enjoy talking about sports all day anyway ; why not make it a career ? !
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accounting has been around since the very first fiscal system emerged . as agricultural trade grew in importance , it was not long before early businesspeople began to develop and use the calculative system of accounting . the modern - day practice of accounting is certainly far more sophisticated than its ancient ancestor , but its foundation and motives have remained the same . the sole purpose of accounting is to accurately calculate and keep records of monetary exchanges .
accounting glossary : this dictionary of accounting terms will be helpful to those who want to become knowledgeable about the language accountants speak .
famous accountants : this page gives a list of the 10 most famous accountants .
how to become an accountant : has it been your lifelong dream to become an accountant ? if so , you will benefit greatly from reading this detailed article .
how to become a cpa : are you a new york - based professional who wishes to become a certified public accountant ? if so , reading this article will inform you of the certification process .
cpas vs . accountants : this article explains the difference between an accountant and a certified public accountant .
am i an accountant or a bookkeeper ? this is a common question among recent graduates . learn the factors that differentiate the two from this in - depth article .
salary for accountant jobs : ever wonder how much accountants earn on a yearly basis ? if so , see this nationwide survey for the average salaries of u . s . accountants .
as in all trades , accountants speak their own language . there is a certain terminology that accountants use every day but that most laymen do not understand . these terms include
accounts payable ,
which essentially means the bills a business has incurred that must be paid to its suppliers . another is
cash based accounting ,
which in simplest terms translates to the practice of recording cash or check exchanges between a customer or client and a business , or a business and a supplier .
trial balance
is another little - known accounting term , which simply means a catalog of general ledger accounts and their totals .
liabilities
is a well - known accounting term , but few people know its true meaning .
liabilities
are simply the amounts of money that a business owes its creditors , including its payroll and accounts payable .
, where he manages vendor finance programs for manufacturers and dealers of equipment , vehicles , and software . he ' s also an active
—check out his page if you follow financial topics and current events in the world of finance .
assembly line : an article that discusses how important the assembly line was to the advancement of the auto industry .
mechanization of the assembly line : a page that explains how assembly lines were used in industries other than the auto industry .
mass production : the first section of an article on the
roaring twenties
that examines the historical importance of mass production by assembly lines .
a number of industries , including the meatpacking , artillery , and auto industries , use the assembly line process . the meatpacking industry was already using assembly lines by the 1860s . workers would stand in stations and operate a pulley system to bring over each animal carcass in turn . they would cut the meat as needed , then move on to the next animal . the firearms industry started using the idea around the same time , allowing weapons to be assembled much more quickly . but those weren ' t the only industries to use assembly lines . as time went by , other smaller industries—such as the clock - making industry—started using them as well .