The news of an issue identified with Pratt & Whitney GTF engines for Airbus’s A320neo caught our collective attention this week. The issue, related to the knife edge seal in the High Pressure Compressor, will impact the 113 Pratt & Whitney-powered A320neo aircraft and has prompted the European Aviation Safety Agency to publish an Emergency Airworthiness Directive. Whilst the GTF has suffered more than one Entry into Service (EIS) issue this is the first to become an AD. Compared to other engines this is low but the disruption factor is considerable.
To continue the focus on Airbus, Stuart Hatcher, our Chief Intelligence Officer, contributed to an article on A340 values this week. Despite the lowering of oil prices, the market for Airbus A340 models continues to look bleak, with over half of 500s and a third of 600s, parked, according to iQ.
Despite the problems Airbus are facing, the OEM reported a surprisingly strong set of financial results. Investors are clearly not phased by the troubles surrounding Airbus as shares rose by almost 10%.
If you are not already aware we run a regular schedule of webinars and events, all details can be found on the Events page of our website. Join us next Tuesday morning for our Asset Management webinar, the session will highlight where value can best be recognised around areas such as contracts and receivable. Plus we will take a closer look at maintenance, cash flows and means of optimising assets.
We are also running a Helicopter Market Update webinar on Tuesday 13th March (16:00-17:00pm GMT) As commodity prices edge up, we are seeing elements of the Helicopter market begin to return. This session is aimed specifically at the needs of investors, lessors and financiers looking to explore the helicopter market.
You can register for our Asset Management webinar here