Richard de Crespigny

Thanks, Mark.

Great to be here.

Aviation is growing 15% a year.

Since the 1970s.

Well, aeroplanes can't keep up.

Passengers travel.

So everything is congested.

Airports, airspace, not enough aircraft.

Some of the new engines are being pushed so hard they're not working.

So some of the older tech is actually better than the new ones.

Yeah.

Yeah, the airlines are actually saying, can we please go back to the previous generation of engines?

Because the new generation engines, you see, everyone's trying to outdo the next manufacturer of engines.

They say, I'm going to promise 5% on the last engine.

They're pushing these engines to the max.

And now they're going too far.

Gearboxes, turbine blades are overheating.

These sort of things are happening and a lot of engines are being grounded.

The aircraft is still safe because you have recording systems that show a degradation over time so they can predict that the engine is going to have a problem in 100 hours, 1,000 hours.

So they take them offline before they fail.