Rolls-Royce shares fall in value as  testing on Trent 1000 engine ramps up

Inspections on Rolls-Royce 380 engines

Inspections on Rolls-Royce 380 engines

Inspections on Rolls-Royce 380 engines

Rolls-Royce has suffered another setback after it was forced to ramp up inspections on 380 aeroplane engines amid fears they are deteriorating faster than expected.

The engineer said it would increase checks on the Trent 1000 Package C engines used in Boeing 787 Dreamliner planes.

The firm even said it would cut down on non-essential expenses – including staff travel and unnecessary IT programmes – as it deals with the problems.

Last month Rolls said it could take up to four years and cost around £750million to fix problems with the flagship Trent 1000 engines.

The problems first emerged in 2016 and have led to aircraft around the world being grounded. Yesterday Rolls said that it was increasing inspections on the Trent 1000 Package C engines after extra testing suggested the compressors may need further maintenance.

Around 20 planes are thought to be currently on the ground for engine repairs. It is believed greater than expected air pollution could be one reason for the engines’ faster deterioration.

Chief executive Warren East, 55, declined to put a figure on how much more it would cost the company, but said the group’s cash flow guidance remained unchanged. Rolls may also have to pay compensation to customers.

Shares in Rolls-Royce fell 1.5 per cent, or 13.6p, to 867.6p.

 

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