Despite $3.8B COVID Hit, Rolls-Royce Sees Gradual Recovery in Air Travel

Trent
Rolls-Royce said it has achieved its target of reducing the number of Boeing 787s grounded by Trent 1000 engine problems to single-digits.
Credit: Rolls-Royce
LONDON—Aero-engine manufacturer Rolls-Royce has taken a £3 billion ($3.8 billion) hit to its finances as a result of the novel coronavirus pandemic. Despite the hit, described by CEO Warren East as a “historic shock,” the company says it sees a “gradual recovery” in widebody engine hours. However...
Tony Osborne

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

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Despite $3.8B COVID Hit, Rolls-Royce Sees Gradual Recovery in Air Travel is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

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