Tu m'as devancé
Des questions intéressantes
J'avais loupé le virage vers la marine
Philidor a écrit:Je me demande quel contrat a choisi AF ...
The new UltraFan, a geared design, will offer at least 25 per cent improvement in fuel burn compared with the first generation of Rolls-Royce Trent engines. The new power gearbox will enable the UltraFan to deliver efficient power over a range of take-off thrusts for high-bypass ratio engines of the future. For the highest thrust engines, each single gearbox will be capable of handling the equivalent horsepower produced by more than 500 family cars.
RR s'est beaucoup investit dans les motorisations et le "design" des navires de servitude pour l'exploitation des ressources en mer. La baisse des prix de l'énergie a ralenti fortement les développements dans ce domaine ciblé par RR.Beochien a écrit:
La division "Marine" la plus en cause pour l'instant !
http://leehamnews.com/2015/11/16/delta-ceo-is-right-about-777-200er-values-says-market/Rolls-Royce-powered -200ERs, caught up in RR maintenance programs, make traditional engine valuations irrelevant.
At a certain point many investors would explore the market to sell or lease an engine as a spare. However the TCA arrangements with near blanket coverage across all Trent’s operators also generally provides for spares coverage. This has led to the situation where over the past 18 months there has been an accumulation of at least 8 investor-owned serviceable Trent-800 engines sitting idle with little or no chance to be leased or sold in the short or medium term, i.e. of little value today.
This near-total control of the Trent market has been in existence for several years but when combined with poor aircraft demand, it is only now becoming apparent how painful the implications can be for aircraft residual values. This has come to light recently with the exceptionally weak demand for used RR powered A330s, A340-500/600s and 777-200s, several of which have been scrapped at age 12. The perceived overproduction of replacement aircraft may be the main culprit. In any event it is difficult to pinpoint exactly how much influence the relative lack of engine resale values is having on this used aircraft market but it is clearly not helping the situation. Interestingly, whilst operators now have a steady preference for new Trent powered widebody aircraft, very few seem to want to touch 12 year old machines.
Paul a écrit:Autrement dit, un appareil neuf avec moteur RR est plus attractif financièrement qu'un appareil d'occasion.
Services generating 65% margins? Before the Trent XWB and Trent 7000, the company recorded most engine sales at the long-term margin of the life of the engine, as most of the engines were sold together with TotalCare agreements (“Linked”). Although the engines were almost always sold at losses (we estimate ranging from breakeven to -25%), the services, which were generating higher cash profit margins, also were accounted for using the long-term contract margin. In the last six months, the company has given us two major data points that we’ve used to back into the 65% Trent XWB services margin.
First, the company said that lower production of Trent 700s in 2016 would generate £200 million of headwinds. Given the reduced production (from 140 to 80 engines) and average selling price of the engines ($14 million, or a 27% discount to list price), the reduced production of these linked engine sales generated a profit headwind of about 38%, which the company has confirmed is within the range of profit margins being generated by the Trent 700 program, one of the most profitable engines in the company’s history.
Merci Paul pour cette correction. Cela me semblait étrange.Paul a écrit:Désolé ce n'est pas 12 ans mais plutôt 20-25 ans pour 90-100% de la valeur de l'appareil. N'empêche que la tendance est à la baisse pour la durée de vie moyenne d'un avion à un point tel que qu'il parait que certains loueurs vont chercher à obtenir compensation auprès des motoristes pour la diminution prématurée de la valeur résiduelle des moteurs après 12 ans.
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