The Qantas (QUBSF) Airbus A380 engine explosion that required a Sydney-bound jet to return to Singapore shortly after takeoff on Nov. 4 caused at least $70 million in plane damage, according to a report from insurance-consulting company Aon (AON).

The blowout of the A380's Rolls-Royce (RR) engine will likely cost even more when factoring in extra repairs and inspections as well as costs associated with Qantas grounding its A380 fleet for most of this month, the Associated Press reported.

Aon's report comes as Australian authorities prepare to release its own study on the incident later this week. On the Nov. 4 flight, the A380 experienced engine problems not long after takeoff and returned to Singapore. None of the 440 passengers and 25 crew members were reported injured.

Qantas has said it will seek reimbursement from Rolls-Royce for some of the damages and costs stemming from the incident.


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Chuck

WOW - how about getting that biil added to your property taxes...??

November 30 2010 at 9:53 PM Report abuse rate up rate down Reply
pfahlappraisal

THATS OKAY THE STOCKHOLDERS WILL PAY FOR IT ALL. TELL THE CEO AND CFO DEPT TO STOP WINING -THEIR XMAS BONUSES WILL BE BIGGER AND BETTER THAN EVER. IM SURE OF IT AND THAT-IS WHY WE PUT OUR MONEY IN THE MATRESS WITH THE BED BUGGS BECAUSE EVER ONE KNOW THAT BED BUGGS BITE BUT AT LEAST THEY DO NOT STEAL.. MERRY XMAS TO ALL THE WORTHLESS SELF INDULGENT EXECUTIVES MAY YOUR XMAS BE FULL OF AS MUCH BULL AS YOU CAN MUSTER -HOPE YOUR FAMILIES ARE PROUD OF YOUR GREAT WORKS

November 30 2010 at 9:07 PM Report abuse rate up rate down Reply
1 reply to pfahlappraisal's comment
pfahlappraisal

I TOTALLY AGREE WITH MYSELF ON THIS ONE SURE NUFF.

November 30 2010 at 9:08 PM Report abuse rate up rate down Reply