Rolls-Royce shares drop after engine shut down forces emergency landing
Shares in Rolls-Royce dipped by more than four per cent this morning following an engine failure that forced a pilot to carry out an emergency landing on an flight from New York to Madrid.
The engine manufacturer said Iberia Airlines flight 6252 landed safely at Boston Logan airport after the pilot had to abandon the trip around 90 minutes after take off from John F. Kennedy Airport.
Traders responded to safety concerns as shares dropped from 973.8p to a low of 928.8p this morning before recovering to 955.4p in the afternoon.
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The British company said it has not yet received any feedback on what went wrong with the engine.
A Rolls-Royce spokesperson said: "We are aware of the issue and will be working closely with the airline to support them.
“The Trent XWB has enjoyed the smoothest entry into service of any widebody engine and we continue to see the engine achieving market-leading levels of reliability.”
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