Rolls-Royce with a Charge of $315 Million in 2017 Financial Results

Issues related to technical performance of the Boeing 787 and the Airbus A380 have resulted in Rolls-Royce covering significant costs for the maintenance of the two models’ engines.

Last year the company made deliveries of 483 engines, 126 more than in 2016 and saw an increase in underlying revenues by 12 percent.

Rolls-Royce said the occurring issues have demanded immediate support and some difficulties resulted in a number of passenger discomforts. The provider has put in efforts to understand the origins of the occurring issues and has seen progress with eliminating some challenges.

Rolls-Royce’s Trent 1000 and the Trent 900 have been the main problematic products for the company. The two engines are used on Boeing’s 787 and Airbus’ A380.

Apart from reducing the issues occurring on these two engines and providing upgrade, Rolls-Royce has started planning additional redesigns, which will be available by 2020. This upgrade will provide airlines with more security and ease of use for the manufacturer’s engines. 

Source: Flight Global