Rolls-Royce Shares Continue Slide on Airbus Concern
Rolls-Royce shares dropped further on Monday as investors fretted about the impact of problems with Rolls-Royce engines on Airbus A380s.
Last week, a Rolls-Royce engine exploded during a Qantas Airways (QUBSF) flight from Singapore to Sydney, forcing an emergency landing in Singapore. Today, Qantas said it found oil leaks in the engines of some of its grounded A380s.
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Rolls-Royce shares dropped 1.4% by mid-morning UK time, BBC News said. The shares have declined by about 10% since the incident, wiping more than 1.5 billion pounds ($2.4 billion) off the company's market value.
If the investigation into the Qantas incident finds that the Rolls-Royce engines are not fit for purpose, Rolls might have offer a refund for the engines sold to its Airbus A380 customers, BBC News said.
