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BW Businessworld Pandemic Tests Rolls-Royce Resilience After Prolonged Engine Trouble Engine makers were locked in a long-running chess game even before the pandemic, which analysts say Rolls entered more dependent on out-of-favour intercontinental jets than its most direct rival General Electric. Photo Credit : Rolls-Royce may be the jewel in Britain s industrial crown, but the coronavirus crisis has left the engine-maker facing one of the toughest challenges in its 114-year history. The Airbus and Boeing supplier bought itself time by raising 5 billion pounds ($6.8 billion) to survive the global grounding of planes, but is warning that 2020 will be even worse than expected. ....
Synopsis The Airbus and Boeing supplier bought itself time by raising 5 billion pounds ($6.8 billion) to survive the global grounding of planes, but is warning that 2020 will be even worse than expected. iStock Before it secured extra funds in November, analysts had raised the possibility that the maker of powerplants for British nuclear submarines might need to be saved by the state. LONDON/PARIS: Rolls-Royce may be the jewel in Britain s industrial crown, but the coronavirus crisis has left the engine-maker facing one of the toughest challenges in its 114-year history. The Airbus and Boeing supplier bought itself time by raising 5 billion pounds ($6.8 billion) to survive the global grounding of planes, but is warning that 2020 will be even worse than expected. ....
FOCUS-Pandemic tests Rolls-Royce resilience after prolonged engine trouble reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.