Rolls -Royce says aero engine snag has spread.

Britain's Rolls -Royce said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine, compounding pressures on a group that is due to cut more than 4,000 job this week.                                                                                Planes grounded    Britains best-known engineering company has been hit by a problem with a compressor in the Trent 100 package C  engine that is not lasting as long as expected, grounding planes, forcing inspections and angering airline client The engine powers boings 787 Dreamliner jet. 

 On Monday it said it had now found the same issue on a" small number of high life package B  engines," requiring a one-off inspection of the B  fleet and sending its shares down 1%                             

   The news, which will not affect Rolls full-year free cash flow target, comes as the group embarks on the latest stage of a major restructuring programme under chief executive Warren East that is designed to boost profitability.                                       


Mar 162019
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