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   AVIATION      Aviation echo, airline-related news      717 messages   

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   Message 518 of 717   
   Aviation HQ to All   
   Aircraft engine maker Rolls Royce calls    
   01 May 25 20:27:39   
   
   MSGID: 2:292/854 1c20280d   
   TZUTC: 0200                     
   Aircraft engine manufacturer Rolls-Royce is confident that it will achieve its   
   financial targets for this year, despite the uncertainty caused by US   
   President Donald Trump's import duties. The British company calls the trade   
   tariffs "manageable" and expects to be able to offset them through "mitigating   
   measures", such as cost savings.   
       
   "We are closely monitoring the potential indirect impact on economic growth   
   and inflation and will continue to take appropriate measures," CEO Tufan   
   Erginbilgic said in a statement ahead of the company's annual meeting on   
   Thursday. Rolls-Royce, which builds engines for the Airbus A350, A330neo and   
   some Boeing 787s, continues to expect an operating profit of £2.7 billion, or   
   around €3.2 billion, this year.   
       
   Trump's tariffs are forcing the airline industry to adapt after decades of   
   being shielded from tariffs. European aircraft manufacturer Airbus also stuck   
   to its full-year forecast on Wednesday. The world's largest planemaker still   
   expects to deliver around 820 planes, down from 766 last year. But that   
   forecast excludes the tariffs and assumes there will be "no additional   
   disruption to global trade or the global economy," Airbus warned.   
       
   However, many airlines have already indicated that they are not prepared to   
   pay the additional costs for aircraft resulting from the tariffs. In addition,   
   China has ordered its airlines to stop buying aircraft from the American   
   aircraft manufacturer Boeing and is sending undelivered aircraft back to   
   Seattle.   
      
   --- DB4 - 20230201   
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