Rolls-Royce: Worst of cash-drainage Trent 1000 seems over
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
February 29, 2020 - by Richard Schuurman for airinsight.com
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, R-R reported a net operating loss in 2019 of GBP -852 million, nevertheless an improvement from -1.121 billion the previous year.
Progress on Trent 1000 redesigns
As CEO Warren East duly noted, 2019 was another year in which Trent 1000 issues weighed heavily on the company "in terms of the financial costs of returning the fleet to...
- Video - Lawnchair Larry: The Greatest Flight in Aviation History ... ›
- FOUND: The Hercules that had gone missing on 23 May 1969 ... ›