Rolls-Royce quits race to power Boeing's planned mid-market plane
Source: Reuters
Business News
February 28, 2019 / 2:25 AM / Updated 7 minutes ago
Paul Sandle
LONDON (Reuters) - Rolls-Royce dropped out of the race to power Boeing’s planned mid-market aircraft on Thursday, saying it did not want to risk more disruption for its airline customers by rushing out a product without extensive testing.
The move strengthens a leading position in the high-profile contest already held by a transatlantic venture involving Rolls’ arch-rival General Electric, industry sources said,
Britain’s Rolls-Royce, which makes engines for large civil aircraft and military planes, wants to avoid a repeat of the problems with its Trent 1000 engine that powers Boeing’s Dreamliner 787.
Chief Executive Warren East said he had taken the “very difficult decision” to withdraw from the Boeing competition because it couldn’t make the development of its new UltraFan architecture fit the timetable for the aircraft.
Read more: https://www.reuters.com/article/us-rollsrolls-royce-hldg-results/rolls-royce-quits-race-to-power-boeings-planned-mid-market-plane-idUSKCN1QH0S2?il=0
All I have to think about is Breixt............................that is also in the mix
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