Rolls-Royce plane engine failure costs £56 million

LONDON (AFP) – Rolls-Royce has taken a hit of £56 million (66 million euros, $90 million) due to safety issues with the Trent 900 engine used to power the Airbus A380 superjumbo, the British company announced Thursday. The fallout partly impacted the group's annual net profit, which slumped 73 percent to £480 million. Rolls-Royce was largely hit in 2010 by exceptional accounting charges, it added in an earnings statement….
See the original post:
Rolls-Royce plane engine failure costs £56 million

Posted by
on February 10, 2011. Filed under
News.
You can follow any responses to this entry through the
RSS 2.0.
You can leave a response or trackback to this entry