RE: £6.20 close12 Feb 2025 08:55
While I agree with your positive sentiment I personally believe the SP will be in the £10-12 region by summer autumn 2026. Excluding SMR and increasing flying hours I wouldn’t be one bit surprised if there’s not an announcement by Airbus and RR in 2026 that they will be using RR engines on narrow body planes. That’ll be new NEO versions or a new clean sheet design. Don’t forget the A330neo didn’t sell well but recently is starting to see an uptick. Airbus and Boeing have predicted that approximately 42,000 new civilian aircraft are needed worldwide by 2040. RR will play a big part in this.