"Joyce says the cost to repair VH-OQA, the first A380 delivered to Qantas, will exceed A$100m (US$99.8m). Insurance and contractual agreements with Rolls-Royce will cover the repairs. Qantas says A380 disruptions had a $55m cost impact in the first half of its financial year ended 31 December. The carrier estimates a further $25m impact in the second half of the year."
These numbers differ significantly from the cost as estimated in the official statement by RR. Looks like the Bayesian Academics have migrated to the accounts department, probably the only place where they feel safe.
Looking ahead to the end of March, the new CEO John Rishton will replace Sir John Rose. Both these men were social science graduates and there is no guarantee that John Rishton will keep the Bayesians where they belong: on the staff of THE RACING POST.
I remember Feb 1971 well enough:
"The RB211 demanded a huge step in technology within a very short timescale a double challenge for which Rolls-Royce was ill-prepared," Sir Ralph Robins, the former Rolls chief executive, said in its centenary lecture in 2005. "One very important lesson emerged from the early problems with this engine the fact that major, new, advanced engine programmes can only be successful if they are well-founded on previously demonstrated technologies. That, sadly, was far from the case at the start of the RB211 programme."
Note well: "previously demonstrated technology"
viz. Newtonian mechanics..been around since 1680CE
as taught to 16 year old sea cadets:
http://compass.seacadets.org/pdf/nrtc/fn/14104_ch6.pdf
.