Beagle ...didn’t I say once a lemon always a lemon or something like that,
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Beagle ...didn’t I say once a lemon always a lemon or something like that,
Yes you did mate. I've enhanced my understanding of this engine somewhat since then and without in any way pretending to be a jet engine engineer my understanding is that from a design point of view they really pushed the operational parameters of the engine to get the extra fuel efficiency. When you really squeeze something hard maybe reliability and longevity suffer and maybe that's a systemic problem going forward ?
Has it been stated that the Shanghai turn back is engine related or is that just sharetrader speculation?
https://en.wikipedia.org/wiki/Boeing_787_Dreamliner Plane was designed so that interchangeability is possible in 24 hours. Even if AIR bit the bullet on a full changeover, (which is incredibly unlikely in my opinion) the issue is GE are not going to have 20 or so GEnx engines sitting in a warehouse for immediate delivery even at something like $US20m each.
AIR are caught between a rock and a hard place with these engines and RR are struggling. Just got to hope that RR's newly designed components fix the problems and prove to be durable. I see AIR shares touched my buy price of $3.20 earlier today. I was out and didn't have a limit buy order in at that price and to be honest for whatever reason I do not feel disappointed to have missed that opportunity. My gut feel is there could be a slightly better one in due course. Momentum is a powerful force. Maybe a bit more of a correction coming.
(Anecdotal)
We had a 3 hour wait in the plane (777-300) on the tarmac the other day before take off due to a bung pilots chair. BNE-AKL
There were over 300 people on the plane and their seats were all good but the captains chair had some failing in a component which we were advised was required by the regulations. It took an engineer 3 hours to fix. The extra gall was added by us being told when the fix job had been completed but they now needed to furnish photographs and gain approval from HO to fly. This took almost half an hour itself !! I think they must have used carrier pigeons.
We missed our connecting flight ( Air Chathams ) and despite not being obliged to assist AIR put us up for the night in a hotel.I was immensely grateful as was travelling with 86 year old Mum - but shareholders might not be so happy.
I hate airlines as a sector but even with that strangely I do want to nibble at AIR. Stop your barking Beagle. :p You are probably right about it having a place in a portfolio though.
Edit
Oh and Queensland has been very summery during my time there over the last few weeks. Weather app only needed the sunshine icon the whole time. No need to go to Europe for summer really , if you dont want to.