Rolls-Royce motoring ahead

Jet engine maker, Rolls-Royce, has said it is prospering again with increasing profits and booming orders. Only 6 years ago, the group was struggling with rising debts and falling profits.

However, under the leadership of Sir John Rose, chief executive, the problems have been sorted out. The world’s second largest aircraft engine maker provided timely evidence of its rejuvenation, achieving record orders at this summer’s Paris Air Show, when it made a massive £7.5 billion at list prices.

Furthermore, this week’s Dubai Air Show is proving to be a profitable one. At the weekend, the group signed a £4 billion deal to supply its Trent XWB engines to Gulf airline Emirates to power 120 Airbus A350s.

To add to its success, it has gained another £600 million contract to supply leasing company Dubai Aerospace Enterprise.

Shares in the company were ahead 15p to 545p on Monday’s trading.

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