Manufacturing giant Rolls Royce has reported a net loss of £3.9 billion for financial 2020 as the Covid-19 pandemic took a huge toll on the aviation sector.
Rolls-Royce has said it expects to burn through more cash than anticipated in 2021 as planes powered by its engines fly less amid the Covid-19 pandemic.
Rolls Royce has reported a loss before tax of £5.4 billion for the first half of financial 2020 as the Covid-19 pandemic takes a huge toll on the aviation sector.
Rolls-Royce is to undertake a major reorganisation of its business, with the loss of as many as 9,000 jobs around the world. The company said the move was necessary following the impact of the Covid-19 outbreak.
Rolls-Royce has won its largest ever order, worth $9.2 billion, to provide Trent 900 engines and TotalCare service support to Emirates. The engines will power 50 Airbus A380 aircraft that will enter service from 2016. The decision confirms the Trent 900 as the engine of choice on the four-engine A380.
Luxury entrepreneur Stephen Hung has purchased the largest Rolls-Royce Phantom fleet in the world, placing an order for 30 Bespoke Extended Wheelbase Phantoms for his Louis XIII hotel in Macau. This transaction represents the world’s single largest order of Rolls-Royces ever. Two of the fleet will be the most expensive Rolls-Royce Phantoms ever commissioned.
Rolls-Royce has won a $300m order from Qatar Airways for Trent 700 engines, with long-term TotalCare support, to power five Airbus A330 freighter aircraft. The order for five Airbus A330 Freighters and eight options was announced earlier.
Rolls-Royce today powered a double delivery that will transform the future of the British Airways fleet. Trent 900 engines brought the airline’s first Airbus A380 in to land at Heathrow Airport this morning from the Airbus delivery centre in Toulouse.
Oman Air has placed an order for Rolls-Royce Trent 700 engines to power the three Airbus A330s it currently has on order. The Trent 700 is the market leading engine for the Airbus A330, and powers Oman Air’s existing fleet of four A330-200s and three A330-300s, which have been introduced since 2009.
Rolls-Royce has won an order worth $1 billion, at list prices, from Scandinavian Airlines System (SAS) for Trent XWB and Trent 700 engines and long term TotalCare® services.