Rolls-Royce borrows billions as Covid-19 grounds aviation
Shares in the engine-maker fell on the news, with aircraft powered by its turbines logged a 75% drop in flying hours due to world lockdowns
09 July 2020 - 11:38
London — Rolls-Royce warns that it will take years to bounce back from the coronavirus crisis that’s idled global jetliner fleets and robbed the engine-maker of vital maintenance revenue.
Shares of Rolls-Royce slid as much as 9.5% on Thursday after the London-based company said it would borrow £2bn to see it through the downturn...
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