Rolls-Royce pulls out of race to power future Boeing plane
Royce posted a net loss last year as its Trent engines were hit by costly repairs (AFP Photo/Justin TALLIS)/ London (AFP) - Rolls-Royce no longer wishes to be a candidate to make the engine for a new midsize passenger jet proposed by US planemaker Boeing, the troubled British group said Thursday. Rolls gave the update alongside news that it had dived into a net loss last year as its Trent engines were hit by costly repairs and a decision by Boeing's European rival Airbus to stop making the A380 jumbo. Rolls posted a loss after tax of £2.4 ...
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