Rolls Royce pays dearly for its strategic mistakes – Le Figaro

The British aircraft engine manufacturer must strengthen its capital. He suffers more than Safran.

- Rolls Royce pays dearly for its strategic mistakes - Le Figaro
The Rolls-Royce assembly line dedicated to the Trent XWB engine at the engine manufacturer's plant in Derby, England. PAUL ELLIS / AFP

A real shipwreck. Thursday 1er In October, Rolls Royce was worth only £ 2.4 billion, or € 2.7 billion, on the stock market. The action of the British engine manufacturer has lost 80% of its value since January 2020. The Covid-19 crisis has accentuated the weaknesses of the economic model of the group present in aeronautics, defense and energy, which was already in trouble to multiple technical problems on several engine programs before the crisis. Rolls is paying dearly for a disastrous strategic decision taken in 2011: its exit from the small engine market that equips the Airbus A 320 or Boeing 737. It was the largest market in volume (70% of the total) and the most dynamic before the crisis. And he’s the one who should get out the quickest.

The pandemic has put a damper on air traffic, especially in the long-haul market, which is still down 90% at the end of the summer. However, this market constitutes the heart of the Rolls reactor, which powers

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