Rolls-Royce to Miss 2010 Profit Target After Qantas Incident

One week after one of its jet engines exploded in mid-air, Rolls-Royce said it will miss its profit target for 2010.

Rolls-Royce said that growth in underlying profit will be “slightly lower” than the expected 4% to 5%, Bloomberg News reported.

The…

Qantas Finds Three of Its A380s Have Leaking Engines

Qantas

Engineers found oil leaks in three engines in Qantas Airways’ (QUBSF) grounded fleet of Airbus A380s, CEO Alan Joyce said.

Engineers found the leaks as they performed safety tests after last week’s incident where an engine on an A380 exploded in mid air during a Singapore-Sydney flight, forcing the plane to perform an emergency landing.

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The three engines with leaks were on three…

Continue reading Qantas Finds Three of Its A380s Have Leaking Engines

Qantas Finds Three of Its A380s Have Leaking Engines originally appeared on DailyFinance on Mon, 08 Nov 2010 07:28:00.

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Investigators Probe Cause of Qantas Engine Failure

Airbus SAS and Rolls-Royce Group launched an investigation into why an engine on a Qantas Airways (QUBSF) A380 exploded while the plane was in the air, forcing an emergency landing in Singapore.

Investigators from aviation authorities in France, Aust…

Qantas Grounds Airbus A380 Fleet After Emergency Landing

Qantas Airways (QUBSF) suspended all flights of Airbus A380s after one of its planes was forced to make an emergency landing following engine failure.

The A380 fleet will remain grounded “until we are confident that Qantas safety requirements have be…