IBA COO Says Dreamliner Grounding Will Not Impact The Airplane's Value | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

Thu, Jan 17, 2013

IBA COO Says Dreamliner Grounding Will Not Impact The Airplane's Value

Seymour: 'All New ... Aircraft Will Exhibit Reliability And Technical Issues'

Despite a series of technical issues culminating today with the grounding of all Boeing 787 Dreamliner aircraft in Japan, and a similar move by the FAA, Phil Seymour Chief Operating Officer of the International Bureau of Aviation (IBA), does not foresee any impact on values of the Boeing 787.

“All new entry into service aircraft will exhibit reliability and technical issues, it was no different for the Airbus A380." says Seymour. “Teething problems often occur in the first two years and with such cutting edge technologies as have been introduced on the 787 it is not surprising. The safety systems that have been implemented are going to err on the side of caution. It is too early to speculate on the root cause of today’s cabin smoke incident.”

It is noteworthy that Japan Airlines (JAL) and All Nippon Airways (ANA) who have grounded the aircraft operate slightly different specification aircraft, with Japan Airlines operating 787s with General Electric GEnx-1B engines and ANA operating 787s with Rolls Royce Trent 1000 engines. This would initially indicate that the problem is not to do with the engines or their related systems.

According to IBA’s JetData there are currently 51 Boeing 787 aircraft in service across eight operators, with another 82 due to deliver this year and an overall order backlog of 516. The current market value of a 2012 delivered Boeing 787-800 is $107 million and the typical lease rental rates would be in the range of $950,000 - $1.1million per month according to IBA’s JetValues2. “Depending upon how serious the recent issues are perceived by the authorities, there could be an Airworthiness Directive issued which applies to all Boeing 787’s. However, even in such an extreme case we would not foresee any adverse impact on either the values or lease rates.”

“Boeing will be working hard to reassure passengers and airlines that the B787 is a very safe aircraft, and airlines will always have the comfort of manufacturer warranties to call upon,” Seymour said.

(Editors note. This analysis was done before the FAA announced it was grounding all U.S.-registered Dreamliners)

(ANA Dreamliner pictured in file photo)

FMI: www.ibagroup.com


Advertisement

More News

Airborne 09.28.16: NEW DJI Mavic!, EAA's Next STC, Sean Tucker Honored

Also: LA Times v SMO, APS UAT Program, Gordon Bennett 2016, Tucson Control Tower, Hubble Find, Southwest Airlines, Iowa State Another new small unmanned aerial system is now on the>[...]

AeroSports Update: Sean Tucker Is Honored By The CAF

Aerobatic Pilot Sean Tucker Receives The 2016 Lloyd P. Nolen Lifetime Achievement In Aviation Award Aerobatic pilot Sean D. Tucker has been named the recipient of the Lloyd P. Nole>[...]

Elon Musk Outlines Vision For Martian City

Rockets Carrying As Many As 200 People Could Leave For The Neighboring Planet In 'Decades' No one can deny that Elon Musk thinks big, and in a speech at the International Astronaut>[...]

Dutch Investigators Release Findings In MH17 Shootdown

Determines That The Missile 'Came From Russia' The Buk missile that destroyed Malaysia Airlines Flight MH17 over eastern Ukraine in 2014 came from Russia, according to a Dutch-led >[...]

ForeFlight, SiriusXM Introduce Satellite Aviation Weather Service

Weather And Other Key Information Available Using The SXAR1 Portable Receiver Today ForeFlight and SiriusXM introduced SiriusXM Aviation weather service on the newest version of Fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC