Rolls-Royce considers selling stock after huge cash outflows

By Aidan Gregory
06 Jul 2020

Rolls-Royce, the UK maker of aircraft engines, may soon launch a share sale as part of an effort to repair its balance sheet, following a huge downturn in the aviation industry caused by the Covid-19 pandemic.

The scale of the downturn in its business was made evident in Rolls-Royce’s trading update on Thursday, in which the company said that widebody aircraft flying hours halved in the first half of the year. The result was that Rolls-Royce experienced £3bn of cash outflows.

Shares in Rolls-Royce fell more than 7% following the ...

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