workingpoor Posted June 11, 2014 Share Posted June 11, 2014 http://www.thisismoney.co.uk/money/markets/article-2654948/Rolls-Royce-suffers-2-6bn-blow-orders-Emirates-scraps-plans-buy-70-Airbus-A350s.html?ICO=most_read_module Looks like Britains "export led recovery" is doing well. Rolls-Royce suffers £2.6bn blow after Emirates airline scraps plans to buy 70 Airbus A350s that carry its engines Cancellation leaves Rolls-Royce order book down by 3.5 per cent The A350 deal was expected to be worth around £13billion for the firm In February, Rolls-Royce announced its first profit warning in a decade Read more: http://www.thisismoney.co.uk/money/markets/article-2654948/Rolls-Royce-suffers-2-6bn-blow-orders-Emirates-scraps-plans-buy-70-Airbus-A350s.html#ixzz34MQfh3vF Follow us: @MailOnline on Twitter | DailyMail on Facebook Quote Link to comment Share on other sites More sharing options...
jasonpistol Posted June 11, 2014 Share Posted June 11, 2014 got a few shares in rolls royce not too worried once it flogs an engine it has a monopoly on after sales service, which is where most of its income is derived from (i think/hope!) Quote Link to comment Share on other sites More sharing options...
workingpoor Posted June 11, 2014 Author Share Posted June 11, 2014 Some if the comments suggest emirates a380's use EA engines from engine alliance this could be emirates wanting to keep thru life support costs down by sticking to the same engine manufacturer. Also read Quatas has had a bit of trouble with some of its engines. Deffo a sign of a shift away from uk aerospace products by other countries Not many takers for the typhoon either most plumping for the cheaper (and cheaper thru life support costs) of the d'assault rafale or saab grippen. e Quote Link to comment Share on other sites More sharing options...
council dweller Posted June 11, 2014 Share Posted June 11, 2014 Not another sign of deflation surely!? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted June 11, 2014 Share Posted June 11, 2014 Not another sign of deflation surely!? A sign perhaps that sterling is much too strong thanks to the Osborne/Carney housing bubble. Canadian exports have been similiarly impacted by Carney's career incompetence. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 12, 2014 Share Posted June 12, 2014 Hey don't knock a high currency. My costs of living are a little contained bcos of it, though entirely unsustainable. Quote Link to comment Share on other sites More sharing options...
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