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…
Rolls-Royce shares dropped further on Monday as investors fretted about the impact of problems with Rolls-Royce engines on Airbus A380s.
Last week, a Rolls-Royce engine exploded during a Qantas Airways (QUBSF) flight from Singapore to Sydney, forcing an emergency landing in Singapore. Today, Qantas said it found oil leaks in the engines of some of its grounded A380s.
Rolls-Royce…
Continue reading Rolls-Royce Shares Continue Slide on Airbus Concern
Rolls-Royce Shares Continue Slide on Airbus Concern originally appeared on DailyFinance on Mon, 08 Nov 2010 08:24:00.
Filed Under: Company News, Technology, Stocks in the News
Qantas has a lot riding on its reputation for safety, which only raises the stakes for the airline after the engine explosion on one of its Airbus A380s Thursday. It temporarily grounded its six A380s, but the airline needs a l…
A flawed part or design failing may have caused the engine on board a Qantas Airways (QUBSF) Airbus A380 to explode in mid-air, Qantas CEO Alan Joyce said.
The explosion on a Thursday flight from Singapore to Sydney, Australia scattered debris across…
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…