Sustainability- it’s the latest buzzword around the world and more so in aviation. With the rollout of CORSIA(Carbon Offsetting and Reduction Scheme for International Aviation), we now have a new yardstick with respect to sustainability in aviation. The SARP(s)(Standards and Recommended Practices) mentioned under CORSIA is potentially risky for aircraft lessors and financiers. Several hundreds of aircraft operators will soon be forced to comply with the aforementioned scheme. Those operators which have more than 10,000 metric tons of CO2 will have to record and report emissions data on a yearly basis. Operators were also made to submit an emissions monitoring plan. The reported data will then be used to calculate the compliance requirements in the upcoming years. This makes things incredibly tricky for operators, who need to be well into their planning with respect to emission monitoring plans CORSIA consequently creates a number of credit and reputational risks for airlines and con
Let’s not make any bones about it, Boeing has had a rough 2019, and their year from hell just seems to be getting worse. The 777X, successor to the much exalted 777-300/200 series is facing roadblock after roadblock. The legendary GE90 powered the older generation of the 777 series while the GE 9X will power the 777X. The GE9X will be the largest turbofan engine ever built, by far. Issues have cropped up with the engine’s durability due to high exhaust temperatures. Certification is turning into a nightmare for GE, in turn affecting Boeing. Most recently, one of their cargo doors exploded outwards during the final phases of load testing. In this test, the wings are made to flex much much more than it would ever flex during a routine commercial flight. While the plane withstood all the forces and depressurisation, the cargo door gave way in the last minute, thus putting another spoke in the wheel. While this is not a very major issue, it is definitely a setback for Boeing and will lea