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CAPITAL GOODS: Rolls-Royce (ROLLS Baa3/[P]/BBB[P]/BBB-[P]): Engine Issues

CAPITAL GOODS
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  • Cathay Pacific has grounded some A350s with Rolls-Royce engines, having identified a parts issue across some of it’s fleet following an in-flight issue today.
  • This doesn’t appear to be credit moving at the moment, on the base case that this is a relatively straightforward issue to resolve. Equity is moving but coming a very strong run; more than +100% in one year for context.
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  • Cathay Pacific has grounded some A350s with Rolls-Royce engines, having identified a parts issue across some of it’s fleet following an in-flight issue today.
  • This doesn’t appear to be credit moving at the moment, on the base case that this is a relatively straightforward issue to resolve. Equity is moving but coming a very strong run; more than +100% in one year for context.