Rolls-Royce shares bounce back – Suppliers Share Wrap
After a rough couple of days related to the Qantas A380 incident and the failure of a Trent 900 engine, Rolls-Royce’s share price recovered 2.4% yesterday. Qantas intends to keep its fleet of Rolls-Royce powered A380s grounded until mid-week, but Rolls-Royce has confirmed it has made progress on discovering the cause of the engine failure. The engine manufacturer also issued a statement that the recent failure of a Trent 1000, due to power the B787, was unrelated.
