WSJ : Air-Traffic Control Is in the Midst of a Major Change

Air-Traffic Control Is in the Midst of a Major Change
Shift from radar to GPS should make tracking faster and more accurate, allowing more planes in the air

Since World War II, air-traffic controllers have used radar to keep track of aircraft.

But as of Jan. 1, most planes and helicopters flying in the U.S. must be equipped with transponders that allow their movements to be traced with GPS coordinates.

The deadline caused a flurry of upgrades last year as operators who hadn’t yet complied with the mandate rushed to equip their aircraft in time.

Now, more than 100,000 commercial and general aviation aircraft have the transponders, according to the Federal Aviation Administration, including nearly all commercial aircraft and an estimated 60% of general aviation aircraft that need it.


“If you’re flying an antique plane in the middle of Ohio, you don’t have to have it,” said John Zimmerman, vice president of Sporty’s Pilot Shop, an Ohio retailer and flight school.

The U.S. controls 29.4 million square miles of airspace, including all of the U.S., large portions of the Atlantic and Pacific oceans and the Gulf of Mexico. The FAA mandate primarily applies to Class A airspace, which is 18,000 feet or more above sea level; Class B airspace, the areas surrounding the nation’s busiest airports; Class C airspace, the areas around smaller regional airports; and above 10,000 feet in Class E, the most common airspace.

LaGuardia Airport in New York is Class B. Richmond International Airport in Virginia is Class C.

The new tracking system is faster and more accurate than radar, but it also fundamentally changes how air-traffic control works. And although the technology makes it possible to monitor aircraft over the ocean and other areas beyond the reach of radar, the U.S. isn’t yet using the satellite-based system that provides this capability.

Canada and the U.K., working with the American company Aireon, deployed satellite surveillance for their aircraft last year, and the U.S. will begin testing it in March. But for now, the FAA relies on ground stations equipped with the new technology, as well as old-fashioned radar ground stations, which won’t be abandoned completely.

“It’s a new jump in technology, and it requires a lot of analysis to understand the limits,” said David Gray, acting deputy director for the FAA’s Surveillance Services Directorate, referring to the FAA’s assessment of the satellite system. “Before we make a big investment, we need to know how to incorporate it into the tools air-traffic control uses to make them more efficient.”

For radar surveillance, the FAA maintains several hundred ground stations across the country that bounce radio signals off an aircraft, listen for the return signal and then calculate the aircraft’s position. Over the ocean when aircraft are beyond the range of radar surveillance, they periodically report their positions.

“If you fly to Europe or Asia, you think you are being tracked, because you see the map on the seat in front of you,” said Don Thoma, chief executive of Aireon. “The pilot knows where you are, and you know where you are, but air-traffic control gets an update only every 15 minutes.”

With the new system—which is called automatic dependent surveillance-broadcast, or ADS-B—aircraft are equipped with transponders that continuously transmit the identification, location, altitude, velocity and heading of aircraft flying in controlled space.

ADS-B ground stations as well as a network of specially equipped satellites receive the information. Other aircraft can opt to receive the feed as well, allowing them to see what air-traffic controllers see, but the FAA only requires aircraft to broadcast the data for the benefit of the controllers.

“ADS-B is a pivot from air-traffic control determining the location of aircraft using their own equipment to an aircraft determining its own location and advising air-traffic control of that location,” said Mark Duell, vice president of FlightAware, a Houston-based company that offers free flight tracking of private and commercial aircraft.

The FAA anticipates that aircraft will be able to fly more direct routes, saving time and fuel, and controllers will be able to reduce the minimum separation distance between aircraft, increasing capacity in the nation’s airways.

“There are more than 1,500 flights a day in the corridor between North America and Europe,” Mr. Thoma said. “Until March last year, it didn’t have surveillance. For safety, planes would keep 40 to 80 nautical miles apart. You would get in a spot behind another plane and move in a conga line across the North Atlantic until you hit radar coverage.”

Satellite-based ADS-B would allow controllers to narrow that gap to 14 nautical miles, according to Aireon, allowing more planes to join the conga line. (Vertical separation has already been decreased in some airspace, nearly doubling capacity in those areas.)

But other limitations might restrict the flow.

“How many times have you landed and had to wait 20 minutes to find a gate?” Mr. Zimmerman said. “And a lot of times it’s a runway.”

You can pack as many airplanes as you can in the air, he said, but eventually, they have to find pavement.

FT : Met police to deploy live facial recognition in London

Met police to deploy live facial recognition in London
Rollout comes despite widespread calls to pause use of controversial technology

London’s Metropolitan Police Service has announced that it will deploy live facial recognition to identify citizens across the capital, flying in the face of calls from the British government, regulators and citizens to pause use of the highly invasive and often inaccurate biometric technology.

The Met said that standalone cameras would scan passers-by in specific areas of the city for five to six hours at a time, searching for people suspected of serious and violent crimes such as gun and knife attacks and child sexual exploitation.

The Met police’s decision comes after an independent review it commissioned last year published a damning report about the force’s trial deployments in the British capital, saying the technology was only accurate 19 per cent of the time, and was likely to contravene human rights.

“We are using a tried-and-tested technology, and have taken a considered and transparent approach in order to arrive at this point,” said Assistant Commissioner Nick Ephgrave. “Similar technology is already widely used across the UK, in the private sector. Ours has been trialled by our technology teams for use in an operational policing environment.”

In October, the UK’s data protection watchdog — the only body with current legal oversight of this deployment — urged the police to hold back its use of live facial recognition in public places, until the government provided new legal guidance for the technology.

“I must ensure that everyone working in this developing area stops to take a breath and works to satisfy the full rigour of UK data protection law,” said Elizabeth Denham, the UK’s information commissioner, in October. “Moving too quickly to deploy technologies that can be overly invasive in people’s lawful daily lives risks damaging trust . . . in the fundamental model of policing by consent.”

So far, the Met has only trialled the technology, which was built by Japanese company NEC, rather than deploying it in a live policing context. Its use of facial recognition was challenged in the High Court in September, and although the courts ruled in favour of the police, an appeal against the decision will be heard on June 23 this year.

In the past few months, several other organisations including advocacy groups such as Liberty and Big Brother Watch have called for a moratorium on the use of facial recognition in the UK until regulations can be established. Last week, it emerged that the European Commission was considering imposing a temporary ban on the technology in public places for up to five years, while the regulatory landscape is drawn.

Siân Berry, the London Assembly member and Green party mayoral candidate who has pushed back directly on the police’s use of the technology, said: “I was given assurance by the deputy mayor and commissioner it would not be deployed unless ethical and legal barriers could be overcome. It appears the Met intends to ignore these promises and proceed with yet another deeply concerning infringement of our basic civil liberties.”

Among the biggest concerns about facial recognition technology is that it is inaccurate and biased against women and people of colour. The independent review of the Met’s technology showed that “it only worked correctly eight out of 42 times when individuals were flagged by the system”, said Pete Fussey, a criminologist at the University of Essex who authored the review.

Critics are concerned that none of the issues raised in the review have yet been resolved.

“How are they mitigating the technology’s bias in age, gender and ethnicity? No facial recognition algorithm has equal performance across all those categories,” said Mr Fussey.

“And finally, there is a chorus of people, from the UK government, to the data protection regulator and the EU fundamental rights agency who are challenging its use, and saying there is insufficient regulation and oversight. I would say they don’t have the authority to roll this out,” he added.

The Information Commissioner’s Office said: “We have received assurances from the MPS that it is considering the impact of this technology and is taking steps to reduce intrusion and comply with the requirements of data protection legislation.”

>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance:

  • HSC -10.5%, DFS -7.2%, ERIC -6.8%, GBCI -5%, FFBC -4.2%, SYF -3.6%, OIS -3.4%, SWKS -1.5%, ISRG -1.3%, ETFC -1.3%

Other news:

  • IIPR -4.7% (announces public offering of 2.0 mln shares of common stock)
  • APLT -3.7% (prices upsized public offering of 2,741,489 shares of its common stock at $45.50/share)
  • KURA -2.1% (announces departure of Chief Medical Officer Antonio Gualberto, M.D., Ph.D.)
  • TRIL -0.5% (extending yesterday's nearly 30% move higher), .

Analyst comments:

  • DFS -7.2% (downgraded to Underperform from In-line at Evercore ISI)
  • UPWK -2.6% (downgraded to Neutral from Buy at Guggenheim)
  • BNTX -1.9% (downgraded to Mkt Perform from Outperform at SVB Leerink)
  • COLM -1.7% (downgraded to Neutral from Buy at Citigroup)
  • TTWO -1.2% (downgraded to Neutral from Buy at MKM Partners)
  • ECA -1% (downgraded to Market Perform from Outperform at Cowen)
  • ALV -0.9% (downgraded to Neutral from Buy at UBS)

>>> US Gapping up

Gapping up

In reaction to strong earnings/guidance:

  • CASA +18.5%, EHTH +17.4%, TEAM +9%, INTC +4.9%, FFIN +3.2%, NXGN +2.5%, AXP +2.5%

M&A news:

  • CBB +11.6% (received a non-binding proposal from an infrastructure fund to acquire all of the outstanding shares of common stock of Cincinnati Bell for $12.00/share)
  • CYOU +7.7% (Sohu.com enters into a definitive agreement for Changyou.com (CYOU) going-private transaction)
  • ERA +4.8% (Era Group and Bristow Group enter in agreement to combine the two companies in an all-stock transaction)

Select semiconductor names trading higher:

  • ON +1.8%, WDC +1.4%, SOXX +1.4%, NVDA +1.4%, SMH +1.3%, MU +1.1%, XLNX +0.9%, . 

Other news:

  • BLCM +13.6% (presents Phase 1 translational results for BPX-601)
  • TLYS +6.2% (declared a special cash dividend of $1.00/share)
  • AVGO +3.7% (Broadcom subsidiaries entered into two separate multi-year statement of work agreements with Apple)
  • ADPT +2.7% (prices 8 mln shares of common stock at $26.50 per share)
  • EXEL +0.8% (announces phase 1/2 clinical trial results from the combination of cabozantinib (CABOMETYX) and nivolumab (Opdivo) with or without ipilimumab (Yervoy) in advanced hepatocellular carcinoma)

Analyst comments:

  • MTNB +4.6% (initiated with a Buy at SunTrust)
  • DECK +1.7% (upgraded to Buy from Neutral at Citigroup)
  • DVA +1.6% (upgraded to Buy from Neutral at Goldman)
  • GNRC +1.5% (upgraded to Outperform from Perform at Oppenheimer), UN +1.5% (upgraded to Buy from Hold at Jefferies)
  • STM +1.4% (upgraded to Neutral from Underperform at Robert W. Baird)
  • SQ +0.9% (initiated with a Outperform at Credit Suisse)
  • PYPL +0.7% (initiated with a Outperform at Credit Suisse)

>>> US Early premarket gappers

Early premarket gappers

  • Gapping up:
    • EHTH +15.3%, TEAM +9.3%, MTNB +6%, INTC +5.5%, NXGN +3.6%, AVGO +2.6%, TRIL +1.9%, SOXX +1.7%, NVDA +1.6%, MU +1.6%, ON +1.6%, WDC +1.5%, SNV +1.4%, SMH +1.3%, SQ +1%, XLNX +0.6%, PYPL +0.5%
  • Gapping down:
    • HSC -12%, ERIC -7.8%, DFS -6.4%, GBCI -5%, IIPR -4.3%, FFBC -4.2%, OIS -3.4%, SWKS -2.5%, KURA -2.1%, ETFC -2%, EPZM -0.8%, AVT -0.6%, ISRG -0.5%

>>> Europe : Brokers Upgrades & Downgrades - 24th of January 2020 V2(+)

>>> Up
* Amigo Holdings Raised to Buy at HSBC; PT 100 pence
* Hellenic Telecom Raised to Buy at VTB Capital; PT 16 euros
* J. Martins Raised to Buy at Jefferies; PT 19.40 euros
* Krones Raised to Buy at UBS; PT 84 euros
* OMV Raised to Overweight at Morgan Stanley; PT 57.50 euros
* Rathbone Brothers Raised to Outperform at RBC; PT 2,240 pence
* RWE Raised to Buy at Oddo BHF; PT 33 euros
* TT Electronics Cut to Hold at Jefferies; PT 265 pence
* Unilever Raised to Buy at Jefferies; PT 59 euros
* Volution Raised to Buy at Berenberg

>>> Down
* Autoliv Cut to Neutral at UBS; PT $84
* Brewin Dolphin Cut to Sell at Canaccord; PT 321 pence (+)
* CCC Cut to Underweight at JPMorgan; PT 88 zloty
* Cyfrowy Cut to Sell at Goldman; PT 27.70 zloty
* Daimler Cut to Hold at Deutsche Bank; PT 50 euros
* Dino Polska Cut to Neutral at JPMorgan; PT 178 zloty
* EQT Cut to Neutral at JPMorgan; PT 133 kronor
* Nestle Cut to Hold at Jefferies; PT 107 Swiss francs
* Repsol Cut to Hold at DZ Bank; PT 13.50 euros
* Rightmove Cut to Underweight at Morgan Stanley; PT 560 pence
* Orange Polska Cut to Sell at Goldman; PT 6.50 zloty
* Schroders Cut to Sell at Citi
* Standard Life Aberdeen Cut to Neutral at Citi
* Stolt-Nielsen Cut to Hold at Norne Securities; PT 140 kroner (+)
* Topdanmark Cut to Sell at ABG; PT 310 kroner
* Topdanmark Cut to Sell at SEB Equities; PT 328 kroner
* Trainline Cut to Hold at Panmure Gordon; PT 517 pence

>>> Initiation
* 3i Rated New Neutral at Citi; PT 1,225 pence
* Ashmore Rated New Neutral at Citi; PT 560 pence
* EQT Rated New Neutral at Citi
* Intermediate Capital Rated New Buy at Citi; PT 1,966 pence
* Komax Rated New Hold at MainFirst; PT 192 Swiss francs
* Landis + Gyr Rated New Outperform at Cowen; PT 118 Swiss francs
* Man Group Rated New Neutral at Citi
* MTU Aero Rated New Buy at Bankhaus Metzler; PT 330 euros
* Partners Group Rated New Buy at Citi; PT 1,079.70 Swiss francs
* SMA Solar Rated New Market Perform at Cowen; PT 36 euros
* Tikehau Capital Rated New Buy at Citi; PT 33.20 euros

>>> Call
* Carrefour Guidance May Reassure Despite French Miss: Bernstein
* Daimler Cut at Deutsche Bank Citing Lack of Progress, Answers (+)
* DNB, Swedbank Nordic Bank Favorites Ahead of Earnings: MS (+)
* Ericsson Results Weak, North America Growth Soft: Handelsbanken
* Landis + Gyr at Compelling Entry Point, New Outperform: Cowen (+)
* Nestle Turnaround Already in Price, Prefers Unilever: Jefferies
* Partners Group Top Pick in Alternative Asset Managers: Citi
* Remy, Pernod, Carlsberg, ABI at Risk From New Virus: Citi
* Remy’s 3Q ‘Weak,’ Management Will Be Cautious on Call: Jefferies (+)

>>> TradeGate Pre-Market Indications

  • DAX:
    • Bayer (BAYN TH) +4.7%
      • Bayer Is Said to Discuss $10 Billion Roundup Settlement
    • Infineon (IFX TH) +1.5%
      • Watch Europe Chip Stocks After Intel Reports Data Center Boost
    • Lufthansa (LHA TH) +1.3%
    • SAP (SAP TH) +1.3%
    • Covestro (1COV TH) +1.1%
    MDAX:
    • Siltronic (WAF TH) +1.9%
      • Watch Europe Chip Stocks After Intel Reports Data Center Boost
    • Software AG (SOW TH) +1.7%
    • TeamViewer (1UD TH) +1.5%
    • Metro AG (B4B TH) +1.2%
    • Deutsche PBB (PBB TH) +1%
    • Telefonica Deutschland (O2D TH) -0.8%
    SDAX:
    • Krones (KRN TH) +4.2%
      • Krones Raised to Buy at UBS; PT 84 euros
    • HelloFresh (HFG TH) +2.6%
    • Aixtron (AIXA TH) +2.6%
    • Deutz (DEZ TH) +2.5%
      • Shares fell 6.4% yesterday
    • ADVA Optical (ADV TH) +1.8%
    • Leoni (LEO TH) +1.1%
    • Koenig & Bauer (SKB TH) +1%