Airline
Rolls Royce playing it safe despite increased revenue predictions
April 29 - Rolls-Royce, British engine maker, is showing caution despite the prediction venturing into aircraft programmes is going to double its revenues in the next 10 years. "Whilst we are seeing signs of stability and modest improvement in some parts of the global economy, the overall environment remains challenging," Rolls Royce Chief Executive John Rose said yesterday.
Shares of the company that have been rising in the last three months went down by 3.47 per cent, thus valuing the group at Dh61.39 billion ($16.80 billion). "We continue to expect underlying revenue, underlying profits and average net cash balances to be broadly similar to those achieved in 2009 despite a modest cash outflow in 2010," Rose said.
Rolls-Royce is the world’s second largest maker of aircraft engines after General Electric. Like other engine makers, the company has suffered delays in the production of new Airbus and Boeing planes, thus decreasing revenues.
More Airline
Latest Travel News
Featured Sights To See
Number 29 Georgian House Museum
Dublin, Ireland
The Georgian House Museum is located at 29 Fitzwilliam Street, hence the name. The stately Georgian townhouse was built towards the end of the nineteenth century. Its first occupant was one Mrs. Olivia Beatty, the focus of the museum. She was a young widow, able to afford the mansion thanks to the estate of her deceased husband. The house was eventually sold and changed ha...
Tollington Market
Lahore, Pakistan
This famous market, a remnant of the old city of Lahore, now houses a museum showcasing Lahore through the ages. On display are the works of various craftsmen, artists, calligraphists and painters. Also housed within are various galleries dedicated to a single aspect of Lahore such as its history, its social life, its shrines, its mosques and other religious places, its hospitals, its gardens and ...
Dubai Dolphinarium
Dubai, United Arab Emirates
The Dubai Dolphinarium is the first of its kind in the Middle East. The main attraction is the dolphin shows, held two or three times daily. Marvel at the agility, grace, and intelligence of these magnificent creatures. Twenty minute dolphin swims are also available to visitors. It may be a bit expensive, but swimming with dolphins is a unique and profound experience. ...
Masjid Jamek
Kuala Lumpur, Malaysia
Situated at the confluence of the Klang River and the Gonbak River, where Kuala Lumpur was founded, the Masjid Jamek is the oldest mosque in the city. Before 1965, it was the city’s main mosque. It was designed by British architect Arthur Benison Hubbock, who also designed the city’s former railway station. The architecture is inspired by the mosques of Mughal India, where Hubbo...