ISTAT Jetrader - Winter 2024 - 18

AUDIENCE POLLS
In a new engine, which of these
features is the most important?
* 65% - Fuel burn
* 35% - Maintenance cost
Which of the following
three factors impacts fleet
planning the most?
* 52% - Ongoing Airbus/
Boeing delays on
existing orders
* 26% - Lack of near-term
slot availability from
Airbus/Boeing
* 23% - Unscheduled engine
maintenance and
engine costs
LEFT:
The Engine
Marketplace
and Technology
Developments
Panel.
RIGHT:
Adam Pilarski,
Ph.D., of AVITAS
Inc. provided
his view on the
industry.
the ABS market as a useful distribution
tool but noted the need for new equity
participants to fully revive it. Willis also
stressed the advantages of having an
investment-grade rating, which Air Lease
achieved after three years.
Fireside Chat
In the Fireside Chat, moderated
by independent adviser Bertrand
Grabowski, Sinead Cormican, head of
leasing customers at Airbus, provided
insights into Airbus' current challenges
and future outlook. Discussing delivery
targets, Cormican acknowledged that
Airbus had to adjust its timeline for
reaching production of 75 units of the
A320 series to 2027 due to supply
chain issues, which are currently more
severe than in the pre-COVID-19 period.
She emphasized that supply chain
management is a continuous process,
18 * THE OF F I C I AL PUBL I CAT I ON OF ISTAT
with adjustments made regularly based
on a detailed assessment.
Regarding the Indian market,
Cormican noted its immense potential
with a growing middle class and major
orders from airlines like Air India and
Indigo in 2023, affirming Airbus' belief
in India's growth trajectory.
On the development of new aircraft,
Cormican said that while Airbus
engineers are always exploring new
ideas, the immediate focus remains
on meeting delivery targets. She
highlighted that significant double-digit
improvements in technology are needed
before launching new programs.
Engine Marketplace
and Technology
Developments
The Engine Marketplace and
Technology Developments Panel,
moderated by David Attenburrow,
adviser and project manager for
aircraft and engine financing,
trading, contracting and economics,
explored the evolving landscape of
engine design, maintenance and
future technologies.
Romain Chambard, vice president of
marketing at Rolls-Royce, highlighted
that designing an engine requires
balancing various attributes and making
choices. He noted that the current
performance, especially in terms
of time on wing, is not final, as the
product will evolve over time. Chambard
emphasized that service is integral to
Rolls-Royce's offerings, with the goal
of keeping aircraft flying as much as
possible. He stressed that their service
approach, particularly through powerby-the-hour
agreements, ensures
support throughout the engine's
life cycle.
ISTAT Jetrader - Winter 2024

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