Rolls-royce Share Discussion Threads

[dafrog] 23/4/2020 07:15

On subject of aircraft leasing, ships are also leased/chartered, voyage charters, time charters etc. The company that was to do cross-channel ferries but didn't own any ships, would have chartered ships. That is common. I did it for work for many years. The pig-ignorant press just wanted an anti-Brexit, anti-Government story.

[grahamburn] 22/4/2020 20:40

Big1Day. Your comment in 3521 interested me:

The 1000 work was a priority as financial penalties having to be paid for Aircraft on ground so my guess would be they are still progressing well and the finance update 28th Feb suggested single digit planes by end of June.

I wonder whether the financial penalties for aircraft on the ground still applies. After all, most aircraft are on the ground anyway so the airlines aren't losing money because the planes are out of service due to the necessary upgrade.

Or is that logic something that wouldn't stand up in the circumstances of problems with the engines?

[tonyslyfox] 22/4/2020 15:14

Can some one help me out here ?
The Trent 1000 aircraft penalties problem have cost RR about £3 off there stock market price .
They have been fixing this yes , and we’re due to finish this if all went right mid to late summer yes
but has coved19 slowed the repair work down ?
Does RR send a teams of repair workers to engines ?
Or are engines sent back to factory for repair work ?
Sadly to say RR announcing all repairs finished will help but not as much knowing that the repaired engine may not be used for some time , but it will speed there recovery in the long run I’m sure

[sh1984] 22/4/2020 14:11

Total flying hours have increased by 8% over the last week from the bottom of the curve. Yet the Share Price is down, doesn't make any sense....hopefully will continue to tick up now as flights begin to resume.

hxxps://www.flightradar24.com/data/statistics

[sh1984] 22/4/2020 14:04

Correct Tony,
That's just the aircraft, then you had a separate leasing mechanism for the engines, total care power by hour is the modern standard, but RR still has old engines on the old standard of Time & Material based deals for the Trent 700 etc.
You then get variations in Total Care as LLP's are excluded & rates are set based on all sort of different parameters to suit airlines.

It's a complex world.

[tonyslyfox] 22/4/2020 03:11

Well I learnt something today guys ‘ wet and dry and Even damp lease’s and I thought air lines owned there owned planes . So the likes of virgin airlines lease the plane and rents us the seats.
This

[mcbull] 21/4/2020 23:44

Rolls-Royce has been awarded a significant contract by Fortum to perform the partial renewal of the Engineered Safety Features Actuation System (ESFAS) functions of Fortum’s Loviisa nuclear reactors in Finland.

[npp62] 19/4/2020 17:56

Indeed. Damp lease is when the aircraft is supplied with the flight deck crew, and the lessee provides their own cabin crew (generally)

[jackdaw4243] 19/4/2020 16:43

No he is in sales

Leasing GECAS is Ireland.

AERCAP is Holland.

[sh1984] 19/4/2020 16:18

If you have a friend who works for GECAS they would be in the know as that’s the biggest leasing company on the aircraft world.

[jackdaw4243] 19/4/2020 16:08

I will ask my friend in Seattle who works hard to confuse me what that is, they like GE on their aircraft, not sure about P /W and fans but so far they are coping with it.

[sh1984] 19/4/2020 16:00

There is also a Damp Lease which is a half way house between Wet and Dry, but that’s for another day.

[sh1984] 19/4/2020 15:40

Yes, that’s pretty much it.
The advantage of a dry lease Vs outright purchase is you don’t have to wait 2 years from order to receipt of aircraft due to long manufacturing times and order backlog.

The majority of aircraft all over the world are not owned by airlines but by leasing companies.

Wet and Dry leasing both provide strategic advantages to operating aircraft without paying millions upfront.

[jackdaw4243] 19/4/2020 15:20

sh1984 TNX

So with a "wet" lease the crew are qualified to fly for that aircraft, even though its not a similar aircraft to what is being replaced and with a "dry" lease the crew must be qualified for an identical aircraft.

Saves on retraining short term but more expensive long term, lets hope "Off Wing" is short term and coming to an end.

[sh1984] 19/4/2020 14:52

Chinese aircraft Numbers bounce back

hxxps://www.airlineratings.com/news/passenger-news/chinas-domestic-airlines-starting-bounce-back-restrictions-ease/

[sh1984] 19/4/2020 13:54

In a “wet” lease, the lessor is providing both aircraft and crew, the lessor maintains operational control of all flights.
In a “dry” lease situation, the lessee provides its own crew and the lessee exercises operational control of its flights

[jackdaw4243] 19/4/2020 11:03

Darrin TNX

Do you know what a "wet lease" is as opposed to a "dry lease", it was used in relation to "Off Wing" replacement aircraft.

[darrin1471] 17/4/2020 21:45

careful.
I was a RR shareholder in 2002. From memory RR had debt or cash flow issues and were selling engines at a loss but had increasing numbers of long term maintenance contracts. Shares appeared cheap with long term growth and a visible income stream.
Share price halved before I doubled my money.

[darrin1471] 17/4/2020 21:26

jackdaw424317 Apr '20 - 14:43 - 3499 of 3502

Commercial flight are now down over 70% and still falling slightly
hxxps://www.flightradar24.com/data/statistics

Commercial flights = Commercial passenger flights + cargo flights + charter flights + some business jet flights.

[careful] 17/4/2020 20:13

Yes, agree with all of that.
but the market has crushed the share price.
Not that I attribute any wisdom to the market.
prices seem to be created by high frequency machine traded, trend following algo's.


So many bargains in the market if life returns to something approaching normal.
RR. could be one of them.