With news of Air India possibly deferring delivery of the A320neo aircraft due to issues with CFM-manufactured engines and IndiGo and GoAir grounding the A320neo aircraft with problems in their Pratt & Whitney engines, I wanted to share IBA’s perspective.
With early build engines, reliability, build specification and performance promises (fuel burn) are key areas for all stakeholders. Of these, reliability is the most important as it lends itself to revenue generating services and this trumps any saving related to fuel or maintenance in the long-term.
Some of you may be wondering if the value of these engines will be affected going forward. We know Pratt & Whitney aim to resolve all issues so that the engines will be on a par, and thus this will be reflected in the value. Positive news for engine owners.
Both OEMs are known to be making strides to eradicate these early imperfections, there has been evidence from both that this is happening. Whilst there is frustration for operators with EIS issues, in our experience they are generally short lived and quickly resolved. Given the backlog of orders we hope this is the case.
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Moving on, I’d like to share two robust articles from our Senior Engine Advisor Kane Ray that we hope are of interest. Kane considers the operating performance & maintenance of the GEnx, Trent 1000 and Trent XWB engines in Aircraft Commerce’s editorial ‘Widebody engine performance’. This detailed analysis explores the operating performance, typical removal intervals, maintenance management and shop visit (SV) workscopes for the GEnx, Trent 1000 and XWB engine families.
Kane has also recently contributed to an article that reflects on OEM engine maintenance contracts and how they affect the ability to remarket an aircraft. Both articles are available from our website insight page – please email any queries or feedback to email@example.com.
We will be in Dublin next Wednesday hosting our Market update & iQ Preview – we are looking forward to seeing some of you there. Then we’re onto ISTAT where we have a packed schedule talking iQ, freighters, volatility and risk. Please drop me or Owen Geach (firstname.lastname@example.org) a note to arrange a discussion.