August 21 1998 15:00 CDT (20:00 UTC) Transcript of Steve Fossett Press Conference on board the Endeavour when it docked in Townsville, Queensland, Australia Thursday, August 20. Estimated time 7:30 p.m. Note: Tape is courtesy of The 7 Network, Australia. Reporters' questions are not audible and therefore were not transcribed. This will be available on the Solo Spirit homepage at http://solospirit.wustl.edu. Steve Fossett: Well, I wanted to tell you how grateful I am for the rescue services. I needed to be rescued and they really came to my aid. It started -- well, the first thing what I needed to do was, this is a satellite EPIRB, satellite beacon, that gives my location when I turn this on. This allowed rescue services to know where I was. At morning light a French guardian coming down from an airplane came down from New Caledonia, and dropped a life raft to me, and that protected me from the elements. After that, the Royal Australian Air Force came over flying a Hercules and continued to drop water and rations to me, and also maintained watch of my position until I could be rescued from the water. After the Hercules had flown for seven hours over me, then the -- also from the Australian Air Force -- the (name of airplane - can't understand it) flew over me until I was finally taken from the water by a private yacht, the Atlanta, that was on an around the world cruise. After spending that night on Atlanta, then I was transferred to the New Zealand war ship Endeavour, and was brought here to port. And I think, I think this was an excellent example of a very successful rescue operation, and I was obviously very delighted that it was done successfully. My life was at stake. I hope everyone is very pleased with how well the rescue services have worked by France, New Zealand and Australia. I'm going to have to do some debriefing as to what really happened. I was flying at an altitude above the thunderstorm line, which was clearing the tops of the thunderstorm. But I suspect there was some interaction with the tops of the thunderstorm and the jet stream where I was flying, which was at 29,000 feet, and I started a descent. At first the descent was at 500 feet a minute, and then I reversed it by turning on the burners and climbing back up. But then I was already under the influence of the thunderstorm and started a descent of 1,500 feet a minute. I used the burners more and I flew back up at an extreme rate of 1,500 feet a minute. And I believe at that point the balloon ruptured. So I started a descent, and I don't know how fast the descent was because my variometer has a maximum rate on it of 2,500 feet a minute and it was pegged at 2,500 feet a minute for my entire descent down from 29,000 feet to the surface. So in order to try to slow this descent I turned on the burners full blast, and then I had some auxiliary high power burners which I also turned on. And still I was descending at this rate and I was in a thunderstorm and the balloon was being buffeted very heavily back and forth. The burners were melting the edge of the balloon and it was dripping polyester on me and ropes were burning, and meanwhile there were just sheets of hail in the middle of the thunderstorm, sweeping over me. At that point, I actually said out loud that, "I'm going to die," because I couldn't arrest this descent rate. When I got down to the final 2,000 feet of the descent I cut away a large number of the tanks to lighten the load of the balloon. Then I laid down on the bench inside my capsule to take the impact on my back. But it was still reading over 2,500 feet a minute when I hit the water. I believe that when I hit the water I probably was just briefly knocked unconscious and I awakened with the capsule half fill of water, capsized. So I needed to scramble out of the capsule and I took two things with me -- I took my small life raft and the EPIRB and swam out the bottom of the capsule, and tried to stay with the balloon after that. The balloon was blowing around, and I lost contact with it and just floated in my life raft that night. (Inaudible question from reporter). Steve Fossett: No, I didn't have a chance to turn on the capsule's [cameras] when this was going on so there's no pictures of the descent itself. (Inaudible question from reporter) Steve Fossett: I haven't decided that but I have suffered a total loss of equipment and would not be able to be prepared for this coming season, which is the December and January season in the northern hemisphere. So I'm out of the picture for the time being in the around-the-world competition. (Inaudible question from reporter) Steve Fossett: As far as the salvage of the balloon is concerned, I did charter an airplane to fly out to locate the balloon the first day after I was there. The airplane failed to find it, and I believe an airplane went again yesterday. We would like to salvage the equipment, not only to get it out of the water, but also because there's film inside the capsule and some personal effects. (Inaudible question from reporter) Steve Fossett: Well, it leaves an open field for the competitors. Richard Branson is one of the competitors. There may be as many as six teams flying in the December-January period. I think we're getting very close to success in this around-the-world balloon endeavor, so I think there's a good chance that one of them will succeed this year, and I won't be in a position to compete with them. (Inaudible question from reporter) Steve Fossett: Well, this is very frustrating. First, this flight was intended to be successful. It was an all out effort by my team, and by myself. We took this on with the full expectation of being successful this time, and now I didn't make it around. It is very frustrating to find -- I believe I do have the best team. I have made the four longest flights in the history of