Rolls-Royce has produced its first operating profit since 2019, reporting a £414 million underlying operating result for 2021. The engine maker has completed a long and painful restructuring that has reduced its Civil Aerospace unit in size by one-third. It expects…
News: The financial picture at Rolls-Royce, as with every other commercial aviation entity, has turned bleak amidst the current global pandemic. The company was estimating a positive cash flow of £1 billion for this year but is now expecting a…
In the first six months of 2020, Rolls-Royce has made good progress by solving most issues with the Trent 1000. The engine maker reported on July 9 that it has reduced the backlog of aircraft-on-ground to a single-digit fleet, most…
There is surely no disputing the fact that the future of commercial aviation is murky. That said, the consensus among those we have been speaking with is that the recovery, when it comes (quickly, please), will be from the bottom…
We spoke with Richard Goodhead, Rolls-Royce’s SVP Marketing Commercial Aerospace this morning. Our call was some 25 minutes, so the conversation was broad-ranging – Trent 1000, Pearl, Ultra Fan, and even the B-52 and Covid-19. Views: 29
Rolls-Royce is confident its cash costs on the Trent 1000 have peaked last year and that costs and issues with the large turbofan engine are fully under control now, the UK-maker said at its FY19 results presentation. On February 28,…