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...So-called large engine flying hours, an important metric because Rolls-Royce gets paid for the time its engines are in the air, recovered to 88 per cent of pre-Covid 2019 levels, up from 65 per cent in 2022...
...The company makes most of its money from maintenance and service contracts when its engines are flying....
...East was chief executive of Rolls-Royce between 2015 and 2022....
...The UK’s air traffic control provider, National Air Traffic Services, has appointed former Rolls-Royce chief executive Warren East to be its new chair as the company looks to recover from a difficult period...
...Australia will invest £2.4bn in expanding Rolls-Royce’s nuclear reactor facilities in Derby to supply submarines to be built by a BAE Systems joint venture, as Britain’s largest defence companies secured...
...Rolls-Royce said annual profits more than doubled last year and forecast further growth in 2024 driven by the recovery in aviation and strong defence spending....
...Rolls-Royce’s market cap of about $32bn is dwarfed by $356bn for the Bagsvaerd-based company, according to LSEG data....
...With the latest commitment by Turkish Airlines to purchase more than 200 Airbus aircraft, including A350s which are powered by Rolls-Royce engines, 2023 will be the best year for Rolls-Royce in terms of...
...However, unlike Rolls-Royce, they benefit from making higher-margin engines for narrow-body planes....
...East’s decision to join C-Capture comes as Rolls-Royce’s shares climbed 224 per cent during 2023, marking their best annual performance since the company’s privatisation in 1987....
...Rolls-Royce defended its engine, rejecting the suggestion that it was “defective”....
...Rolls-Royce defended the engine, saying it had “proved again and again to be a winning combination” with the A350....
...Rolls-Royce builds and maintains large engines for widebody aircraft including Airbus A350 jets and Boeing’s 787, and earns most of its revenues when its engines are flying, as well as from after-market...
...That would explain why Rolls-Royce has kept its full year £1.2bn-£1.4bn underlying operating profit guidance, which was upgraded in July....
...“It’s been a really useful discussion which has pushed the thinking,” said Rolls-Royce’s Perry....
...The biggest movers on European bourses on Thursday include drugmaker Indivior, engine maker Rolls-Royce, insurer Beazley and outsourcing group ISS....
...He has also been highly critical of the way in which Rolls-Royce’s power systems business, which makes diesel and gas engines for ships and trains, has been run....
...At Rolls-Royce, BMW’s luxury brand, a separate division has been set up to deal with personalised features....
...Rolls-Royce is also consolidating its engineering technology and safety division. Grazia Vittadini, chief technology officer, will leave the company in April next year....
...maker Rolls-Royce and Spanish telco Telefónica....
...This balancing act is delicate given the wide range of interests at stake but, once we roll out these changes, other search engines will appear in every Android search choice screen, every Chrome search...
...More than 70 per cent of top-end models from automakers such as Bentley, Lamborghini and Rolls-Royce that were purchased in Korea last year were under corporate accounts, according to industry data from...
...Rolls-Royce’s first-half profits surged fivefold after the rebound in international travel and better pricing for servicing engines helped buoy its performance....
...Rolls-Royce confirmed a bumper first-half performance after the rebound in international air travel and early results from its turnaround programme helped lift profits....
...The deal is a further fillip for Britain’s Rolls-Royce, whose Trent XWB engines power the A350 jets used for long-haul travel....
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