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Agree with your comments Tomaaa, he may have already spoken to City analyst Deutsche Bank, who recently switched its Rolls recommendation from “hold” to “buy” and upped its price target to 136p, He was brought in to do this. Warren East didn’t have the energy anymore t9 drive this change. This is exactly wha5 we as investors need to hear not silence and doing the same as previous years. He wants to show RR can generate bid profits quickly to boost his salary
Apologies having issues putting the article from the Financial Times on the board.
Full page on RR with Tufan Erginbilgic now in charge and the challenges he faces.
He could just be fantastically lucky with the market in civil aerospace,” said one industry watcher.
Pandemic-hit Rolls-Royce hopes for clearer skies as new boss takes helm
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https://www.ft.com/content/9e2924d9-622f-4e60-a5d1-5dfd65ed3671
From the times Erginbilgic is not afraid to stir things up at the 117-year-old company, either, demonstrated by his invite to longtime bear of the stock — analyst David Perry of JPMorgan — to deliver a presentation to the company’s senior leadership earlier this month, according to people with knowledge of the matter.
https://www.ft.com/content/9e2924d9-622f-4e60-a5d1-5dfd65ed3671
Air bus orders to include 40 of the A350‘s which would be 80 RR engines
https://www.devdiscourse.com/article/business/2326352-airbus-to-win-235-single-aisle-jet-orders-under-air-india-relaunch--sources
Lessor says Air India to order around 500 jets https://www.reuters.com/business/autos-transportation/lessor-says-air-india-order-around-500-jets-2023-01-16/
Thanks, love it, especially this bit. In addition to the obvious environmental advantages, this, in turn, keeps fuel costs lower, allowing airlines to open up new routes that may be otherwise unprofitable. In fact, according to Rolls-Royce, the Trent XWB engine is so efficient that it offers fuel savings of $2.9 million per year per aircraft.
Imagine if this comes in before results,
HOTR: Air India faces a host of problems as owners negotiate massive jet deal
Air India – now owned by the Indian industrial giant Tata Sons – is reportedly close to placing what may end up being the largest commercial aircraft order in the industry’s history.
https://leehamnews.com/2023/01/11/hotr-air-india-faces-a-host-of-problems-as-owners-negotiate-massive-jet-deal/
Heathrow records biggest increase in passengers of any European airport
The west London airport was used by 61.6 million passengers in 2022, up 42.2 million compared with 2021
https://www.standard.co.uk/news/london/heathrow-airport-passenger-numbers-rise-increase-b1052181.html
Nice bit of news yesterday, Airbus rounds off year with A350 freighter and A330neo orders
uses, picked up slightly in the closing weeks of last year, with the airframer recording an order for four A350 freighters from an undisclosed customer.
Wonder who this is?
RR engines are used on both type of planes
https://www.flightglobal.com/air-transport/airbus-rounds-off-year-with-a350-freighter-and-a330neo-orders/151579.article
Worth watching to gain more understanding on Airbus A350 build
This documentary was on YouTube in 2020, nice coverage off the RR Trent XWB Engines that are used with the plane
2 XWB Engines per Plane, 70 engineers put together 2 engines in a week
These engines will hopefully bring home some honey
https://youtu.be/XFfVmvV3a9Y
the Boeing 787 Dreamliner.
https://www.aviationbusinessnews.com/mro/n3-to-maintain-trent-1000-tens/
Heathrow-Delhi To Have Most Daily Flights Ever With Air India's Added Services
Air India has increased Delhi to London Heathrow flights to 17x weekly. It is its second-highest frequency on the route to date, surpassed only by a 21x weekly (3x daily) service in 2015 and 2016, according to OAG data. It'll be the highest for seven years and appears to use slots leased from Garuda Indonesia. Given Air India's transformation plan, new ownership, new CEO, more aircraft, greater emphasis on Delhi as a hub, and planned merger with Vistara (which serves Delhi-Heathrow), expect to see more flights on the route.
https://simpleflying.com/heathrow-delhi-record-flights/
Even without SMR we are in a good place
May be best to offload it and focus on all the other parts of the business
https://www.theguardian.com/world/2023/jan/08/china-drops-quarantine-for-visitors-as-lunar-new-year-travel-kicks-off-amid-covid-surge