NORWEGIAN 787s
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That’s why they’ve significantly reduced the winter flying program this year. No point operating routes with no winter demand like Seattle and Chicago in January using wet leased aircraft.
Join Date: Oct 2005
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Norwegian have 5 787s parked up for the winter, am I interpreting this correctly?
Its one one thing for Jet2 to park used 733 & 757s, but sparking new 787s with large capital/leases to pay.
Its one one thing for Jet2 to park used 733 & 757s, but sparking new 787s with large capital/leases to pay.
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I don’t think 5 is an official number, the inspection program is being ramped up this winter by all accounts. Shedding seasonal routes for the Winter to get the bulk of the work done during a period when there is no money to be made is sensible.
Also worth noting that Norwegian do the majority of their maintenance in Prestwick, so aircraft will be passing through for other reasons than RR-related ones. This may of course change when the new Boeing hangar at LGW comes on-line.
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Like BA, Virgin and every other RR-powered 787 operator have been doing for the last 3 years?
I don’t think 5 is an official number, the inspection program is being ramped up this winter by all accounts. Shedding seasonal routes for the Winter to get the bulk of the work done during a period when there is no money to be made is sensible.
Also worth noting that Norwegian do the majority of their maintenance in Prestwick, so aircraft will be passing through for other reasons than RR-related ones. This may of course change when the new Boeing hangar at LGW comes on-line.
Out of interest...how many BA and VS 787 aircraft were parked up last winter...?
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I’m not sure about last Winter, but currently at least three BA and two VS 787s are engineless at LHR. This farcical situation shows no signs of ending.
Join Date: Mar 2010
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Thanks Vokes.........looks like Norwegian's RR powered 787s will be mostly grounded this winter........
https://www.thetimes.co.uk/article/r...gine-nb6svvcst
https://www.thetimes.co.uk/article/r...gine-nb6svvcst
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Not really. Banks and Lenders will happily lend money now against future income. The whole Invoicing Discount industry is based on it. Assume would get 100 million in 1 yrs time then lender would lend you 80% now and 10% when rest of it comes in with 10% being their cut.
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I'm not sure anyone would be prepared to lend DY anything given their perilous position. The prospect of RR compensation might play well in another rights issue though......
It may seem crazy risk but when a bank charges you to hold money then it is not.
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There are 50 engines that need replacing to get them all back up to scratch, they have deferred their bond repayments due December and August by two years and almost all of the unprofitable flying has been dropped, the loads out of London have been full despite wet lease thanks to BA pilots strike action.
Next months results will make interesting reading.
Next months results will make interesting reading.
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There are 50 engines that need replacing to get them all back up to scratch, they have deferred their bond repayments due December and August by two years and almost all of the unprofitable flying has been dropped, the loads out of London have been full despite wet lease thanks to BA pilots strike action.
Next months results will make interesting reading.
Next months results will make interesting reading.
How quickly can the 50 engines be fixed..?... Rolls are reporting that it will take until the end of 2nd qtr to get through the backlog. Presumably, there is a priority list to work through based on cycles but we've heard nothing from Norwegian about how there's are phased and the effect it may have on the already depleted winter schedule (down 20% YOY)
Bond defaults give them enough cash until just past Christmas by my reckoning so expect another rights issue at some point.
Pulling unprofitable flights out of the schedule is quite easy and relatively instant I imagine. Getting the costs to follow will be more tricky I think.
BA strikes certainly helped I'm sure and I bet Norwegian wished they had more seats available for those high yielding, late bookers.:0
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The bigger issue, is Norwegian are having to ground aircraft that are costing them anywhere around $1m a month in lease payments, then wet lease in Wamos and Hifly etc to cover, costhing them lets say another $1m per aircraft per month. SO already $1m an aircraft down every month.
Its all well saying RR wiull cough some compensation at some point, but a) it may not over the additional costs and b) may take years to come in, causing a cash flow issue in between.
Its all well saying RR wiull cough some compensation at some point, but a) it may not over the additional costs and b) may take years to come in, causing a cash flow issue in between.
