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Old 8th Mar 2011, 03:55
  #144 (permalink)  
walschaert valve
 
Join Date: Jan 2007
Location: Sydney
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In the interest of clearing up the speculation....

Airbus have a proposal on the table and this is about to be signed by Qantas, once the amount of the deposit and some contract wording has been agreed. The repairs will be carried out in Singapore and it will take some time before the first rivet is drilled out, maybe another month or so. The Insurance companies (there is more than one) are ready with the funds. Airbus is ready, willing and able to do the structural work. The issue between RR and Qantas and Insurers is completely separate and has nothing to do with the repairs to the aircraft.

The total repair costs are substantial but the aircraft is no where near a write off, or more correctly a CTL. Don't know what that means? Look it up.
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