aerohottie wrote:qf789 wrote:evanb wrote:
QF have no remaining options or purchase rights for B787s, and have not for years.
An option reserves a specific place in the production chain and a price. Each option has a fixed date before a decision must be made which is defined by the contract. Options are limited to a relatively shorter timeframe from the order. Generally as a good rule of thumb, options follow a similar pattern and timeframe to the original order. For example, if the original order was 10 plus 5 options and then original 10 are delivered one per quarter of 2.5 years, then the 5 options are likely following the original order on a similar continuing timeline, i.e. each quarter for and additional 1.25 years. Purchase right only fix the price, or the model for which the price is determined. Purchase rights often have a slightly longer timeframe, but even then if the delivery book is longer when the airline wants to use them they may be moot since the the purchase rights link to delivery date rather than order date.
However, when Qantas restructured the order in 2012, the options and rights were maintained but brought forward in terms of date, available from 2016 (delivery slots). The options would have expired by about 2020 or thereabouts (simply looking at the delivery timeframes at that time). In 2015, the order of the B787-9s was likely exploiting purchase rights, as was the 9th. Given the time since that, it's almost certain that they've now expired.
Making claims such as "QF have no remaining options or purchase rights for B787s, and have not for years." without providing supporting evidence is grounds for deletion of your post. If you are going to make such comments at least back them up.
Qantas still does have purchase rights that they can use.
On 20 August 2015 when Qantas announced the order for the first 8 787-9's, 15 options and 30 purchase rights were included in their own press releaseQantas will retain 15 further options and 30 purchase rights for additional B787s, with significant flexibility over the timing of delivery should they be exercised.
https://www.qantasnewsroom.com.au/media ... Dreamliner.
The options were through to 2020 while the purchase rights were through to 2025. It is also known one of those 15 options lapsed of which was reported in February 2018, again reiterating that they purchase rights went out to 2025According to Reuters, chief executive Alan Joyce told a media gathering in Singapore this week that Qantas was still considering whether it needed more B787s to add to the eight already on order and which are due to arrive by the end of this year. Aside from the fifteen options for B787s deliverable by 2020, Qantas also has purchase rights for thirty more Dreamliners due to deliver through 2025.
https://www.ch-aviation.com/portal/news ... rder-shift
Of course this was all before Covid and when QF wanted to delay the 3 787's they are currently waiting for it is possible that these purchase rights could have either lapsed or a new agreement could have been made
Very interesting that QF possibly have 30 purchase rights for 787's to 2025, while initiating an evaluation to replace their 28 A330's.
Boeing's to lose perhaps???
QF are keen to reduce the number of types in its fleet so it makes sense that the A330 fleet be replaced by the 789 above and the A321XLR below.
In 10 years you'd think the QF fleet would be just 4 types A220, A321, B789 and A35K. It is possible that they will broaden within these types such as A225s (when it happens), A322 (if it happens), B78X and A359 (won't be both A359 and 78X) but there is realistically no likelihood of other types such as 737MAX, A330NEO or 779.