{"id":380727,"date":"2020-10-27T08:34:35","date_gmt":"2020-10-27T03:04:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380727"},"modified":"2020-10-27T09:11:04","modified_gmt":"2020-10-27T03:41:04","slug":"aero-engine-maker-rolls-royce-seeks-2-6-bn-in-make-or-break-share-issue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aero-engine-maker-rolls-royce-seeks-2-6-bn-in-make-or-break-share-issue\/","title":{"rendered":"Aero-engine maker Rolls-Royce seeks $2.6 bn in make-or-break share issue"},"content":{"rendered":"<p>Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the Covid-19 pandemic, which has stopped planes flying and hammered its finances. <\/p>\n<p>At stake is the future of a company which has been at the heart of manufacturing in Britain for more than 100 years, making engines that powered World War Two bombers and still drive the country&#8217;s fighter jets and nuclear submarines. <\/p>\n<p>Investors are expected to back the rights issue, supporting CEO Warren East&#8217;s plan to cut 9,000 jobs and close factories to adjust to a lower level of demand from airline customers that fly with Rolls engines on Boeing 787s and Airbus 350s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the Covid-19 pandemic, which has stopped planes flying and hammered its finances. At stake is the future of a company which has been at the heart of manufacturing in Britain for more than 100 years, making engines that powered World War Two bombers and still drive the country&#8217;s fighter jets and nuclear submarines. Investors are expected to back the rights issue, supporting CEO Warren East&#8217;s plan to cut 9,000 jobs and close factories to adjust to a lower level of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-380727","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=380727"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380727\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}