facts not sentiment15 Jul 2021 18:00
Hi few facts to remember , 4000 passenger planes scrapped in last 12 months, a lot of these were jumbos, so will need at least two planes for every one of those scrapped, this will mean big increase in engine orders, 60% of a passenger plane value is the engines. Lots of planes are flying now, US never really stopped, so engine hours are are getting much higher.
60% of RR business is not commercial aviation, its a blend of Military (doing very well) and other power generation,
the big thing on the horizon other than huge increase in engine orders, should be container ship power units. 1600 container ships make more pollution than all other vehicles on the planet, problem is there are at least 16000! container ships on the planet, (people are just realizing this FACT) so as RR already makes large ship power units (gas turbines, that can burn almost any fuel), I would say the RR future ,short and long looks extremely good, but what do I know ?