Rolls-Royce shares rise after Cathay Pacific says A350 engine issue affects limited flights [MSNBC.com]
CATHAY PAC AIRWAYS S/ADR (CPCAY)
NASDAQ:AMEX Investor Relations:
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Source: MSNBC.com
A Cathay Pacific Airbus A350 aircraft at Kingsford Smith Airport on August 18, 2021 in Sydney, Australia. Cathay Pacific Airways Ltd., is the flag carrier of Hong Kong with its main hub being at Hong Kong International Airport.James D. Morgan | Getty Images News | Getty ImagesRolls-RoyceRolls-Royce shares were up 2.5% at 2 p.m. London time, after falling 6.5% on Monday.Cathay Pacific on Tuesday announced it had identified an engine component failure in 15 of its Airbus A350 aircraft — a long-range, wide-body that uses Rolls-Royce engines and is operated by a multitude of carriers including Qatar Airways, British Airways,Japan AirlinesCathay Pacific has a total of 48 A350s in its fleet.The issue was found following an engine component failure on a Zurich-bound flight operated by the carrier from its base in Hong Kong on Sept. 2. The plane did not complete its journey and returned to Hong Kong.The airline said three aircraft had already been successfully repaired, with the remaining air
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