The largest subsidiary of the British Rolls Royce reduced its profit last year by 20% to 392 million pounds (462 million euros ), the company announced today.
However, although the shortcomings of Rolls Royce turbines installed on the Airbus A380 superjumbo has cost the British manufacturer of motors 56 million pounds (66 million euros), the proper conduct of business with turbines and engines for military aircraft and ships has been to cushion the damage.
Overall, the success of other divisions of the group increased pretax profit by 4% to 955 million pounds (1,113 million euros).
Last November, an Airbus A380 to Qantas with 466 people on board had to make an emergency landing after one of the Rolls Royce turbines began to burn. The company reported after a given piece of the turbine engine caused damage.
is a flaw that only appears once a year in the entire fleet of global civil aviation, said the chairman of the board, John Rose.
Most of the costs of failure were liquidated in the balance of 2010. He added that the decision has not translated dampen demand of engines and turbines of this type.
benefits divisions military aviation and marine rose by a quarter in 2010. In 2011, Rose has come back to increase profits in all divisions.
The chairman of the board of directors will retire at the end of March after 15 years as head of Rolls Royce. His successor will be John Rishton, currently head of the Dutch supermarket chain Ahold and Former British Airways chief financial officer
However, although the shortcomings of Rolls Royce turbines installed on the Airbus A380 superjumbo has cost the British manufacturer of motors 56 million pounds (66 million euros), the proper conduct of business with turbines and engines for military aircraft and ships has been to cushion the damage.
Overall, the success of other divisions of the group increased pretax profit by 4% to 955 million pounds (1,113 million euros).
Last November, an Airbus A380 to Qantas with 466 people on board had to make an emergency landing after one of the Rolls Royce turbines began to burn. The company reported after a given piece of the turbine engine caused damage.
is a flaw that only appears once a year in the entire fleet of global civil aviation, said the chairman of the board, John Rose.
Most of the costs of failure were liquidated in the balance of 2010. He added that the decision has not translated dampen demand of engines and turbines of this type.
benefits divisions military aviation and marine rose by a quarter in 2010. In 2011, Rose has come back to increase profits in all divisions.
The chairman of the board of directors will retire at the end of March after 15 years as head of Rolls Royce. His successor will be John Rishton, currently head of the Dutch supermarket chain Ahold and Former British Airways chief financial officer
