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Post by Jkkw on Mar 14, 2018 8:28:43 GMT 1
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s543
in service - 2 years
Posts: 3,959 
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Post by s543 on Mar 14, 2018 12:04:13 GMT 1
Interesting discussion behind the article..... |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Mar 15, 2018 18:32:38 GMT 1
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mtrunz
delivered!
Digital Aviation/Meteo Analyst
Posts: 1,956
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Post by mtrunz on Mar 15, 2018 19:37:34 GMT 1
Where does this money go to? Compensation to the Airlines from Airbus or do they keep it?
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Post by kevin5345179 on Mar 15, 2018 19:41:45 GMT 1
so that's only for 2017 and I suppose we can expect something for 2018 as well ? |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Mar 16, 2018 9:16:05 GMT 1
Where does this money go to? Compensation to the Airlines from Airbus or do they keep it? I have no idea, it depends on contract wording ! I believe P&W also paid out compensation to airlines, and performed free of charge repairs, but Airbus itself may have been on the hook. |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Mar 16, 2018 9:27:00 GMT 1
so that's only for 2017 and I suppose we can expect something for 2018 as well ? The wording of the report is that they 'paid' that sum 'in 2017', but I don't feel confident in the choice of words. Writer Vincent Lamigeon also says the sum 'is not in the 2017 accounts', which I don't believe, unless there was a settlement right after the closing of accounts, in which case reporting and payment may happen later. I suppose Lamigeon actually means the compensation is lumped together with other items to hide it from public scrutiny. |
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Post by kevin5345179 on Mar 16, 2018 18:44:54 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Mar 17, 2018 9:29:34 GMT 1
From the same link :
"The $50 million cost to recover from the knife edge seal problem will increase the company’s losses on geared turbofan engine deliveries this year to "closer to $1.2 billion".
We now have answers to many of our questions upthread ! I hope the numbers includes compensation for last year problems.
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Post by marlibu on Mar 18, 2018 18:11:20 GMT 1
please correct if I am wrong. I have yet to see and article that says any Engineer or management personnel has been fired due to all these issues at P & W. that is pretty unique. or is it just the P & W culture to have a product that has a troubled EIS.
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