Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
British Airways gives fascinating peek at superjumbo jet's week flying 56,600 miles? Powered by four mighty Rolls-Royce Trent 900 engines
https://www.mirror.co.uk/travel/news/british-airways-gives-fascinating-peek-29176365
Should see more news on this tomorrow
https://www.businesstraveller.com/business-travel/2023/02/13/air-india-seals-record-order-for-nearly-500-airbus-and-boeing-aircraft/
What is the point of this? Air India deal is huge, results due in 2 weeks, there are better things to talk about. The current share price will look silly very soon, lots of people will be kicking themselves that they didn’t back RR
Like this article, it really could be amazing for RR if Tufan could do a few simple things soon, should be easy for him.
Reduce waste and costs, scale down UltraFan engines currently under development to challenge GE and Pratt & Whitney for narrow body planes, plus make money from selling engines would bring in lots of revenue and drive the share price up quickly
Rolls-Royce share price: Betting on a remarkable turnaround
https://invezz.com/news/2023/02/10/rolls-royce-share-price-betting-on-a-remarkable-turnaround/
Air India's Huge Airbus Order Is Thought To Be Finalized.
The Airbus deal could be very nice timing if this is confirmed next next week. With the results due the week after we may see a shift upwards
https://simpleflying.com/air-india-airbus-order-reportedly-finalized/
Pontifications: One “good” engine in future for RR, faulty business strategy and model: JP MorganSurely not only The Trent XWB (A350) Engine that is a good engine.Hope Tufan can provide a response to this article soon with his strategy and a possible route/partnership back into narrow body planes.Selling engines doesn’t make money, seems madness to me, especially now as large airlines require good reliable engineshttps://leehamnews.com/2023/02/07/pontifications-one-good-engine-in-future-for-rr-faulty-business-strategy-and-model-jp-morgan/
Good Progress, this is what RR needed, someone strong enough at the top to make changes and bring in real talent to focus on deliverables
The new head of Rolls-Royce has turned to an executive from oil major BP, his previous employer, to lead a sweeping overhaul of Britain’s flagship engineering group.
Tufan Erginbilgic has brought in Nicola Grady-Smith to be Rolls-Royce’s chief transformation officer, in his first external appointment since taking the helm at the start of the year, according to the company.
The move by Erginbilgic, who last month described the group as a “burning platform”, is expected to shake up the engineer again, just as the group is emerging from an overhaul by his predecessor Warren East.
East was forced to axe 9,000 jobs to save £1.3bn in costs following the coronavirus pandemic.
Grady-Smith will be in charge of a transformation programme launched by Erginbilgic last month that is focused on “efficiency and optimisation” to help lift profit margins and compete with bigger rivals such as General Electric of the US.
All a good read, exciting year ahead
So far this year, Airbus has booked an order from Air France-KLM Group AFLYY 0.00%increase; green up pointing triangle for seven of its A350s, including four new cargo variants to replace the airline’s aging 747 freighters. The two plane makers are also on the cusp of signing a mega order from Air India Ltd., which is expected by analysts and industry officials to be one of the biggest combined orders in aviation history.
The deal is expected to be for some 500 jets split between Airbus and Boeing, and include orders for wide-bodies including the 787, Boeing’s in-development 777X and the A350.
China Aircraft Leasing Group Holdings PLC, the country’s biggest independent leasing company, is assessing new orders for Boeing and Airbus jets, according to the company’s CEO, Mike Poon.
“We don’t have the order book on wide-bodies. This year is the time to get,” Mr. Poon said at a recent conference in Dublin. “The top agenda this year is wide-bodies, wide-bodies, wide-bodies.
The World’s Biggest Planes Are Finding Their Way Back Into the Skies
Many airlines are flying their Airbus A380s again after mothballing the planes at the height of the pandemic.
https://www.wsj.com/articles/the-worlds-biggest-planes-are-finding-their-way-back-into-the-skies-11675573645
Crazy, for every negative there is a positive, no wonder we are all confused.https://www.proactiveinvestors.co.uk/companies/news/1005160/rolls-royce-primed-for-recovery-broker-1005160.html
Carry on Minvest, it’s a game, we are all in it for the same reason, to make some decent profit from backing a company that many have slated to bring down the share price. We genuinely feel it is now the time for it to rebound back from the doldrums of the past 2-3 years
There is lots of negative news on the back of the CEO’s comments. Speculation on how this could effect Airbus due to RR having technical problems
Tufan needs to repair the damage quickly and restore confidence in RR, decent results won’t be enough. Trent engines problems need to be finally resolved including XBW blade issues.
This won’t help the share price
https://leehamnews.com/2023/01/31/pontifications-new-rolls-royce-ceo-paints-a-dire-picture-all-scenarios-on-table-at-airbus/
Tufan Erginbilgic, who joined RR as CEO on Jan. 1, said this is the “last chance” to get its house in order and
The dire outlook has potentially disastrous implications for Airbus. The airframer relies exclusively on Rolls for its engines for the A350 and A330neo. Airbus is monitoring the situation closely. Market sources tell LNA that Airbus is assuring customers and potential customers that Airbus will make sure engines and aftermarket support are available, without detailing how.
An Airbus insider tells LNA that all scenarios are under consideration. Some speculate that Airbus might either provide financial support to Rolls or even, in the extreme, buy the engine company. Others believe either course is unlikely because Airbus has its own production problems to sort out. Its fiduciary duty is to its stockholders. “It’s not their job to inherit a problem that was created decades ago,” one London-based analyst says
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