|An Air France Technician, who is definitely not a Rolls-Royce employee, inspecting a jet engine from an airliner.|
Rolls-Royce slashes dividend by 50% as profits plummet with more job cuts expected.
It had an announced order book of £71.6 billion as of January 2014.
Two years ago the stock price $1200. Today it is $600. (Use the 5 Year Time Frame)
So I asked Ryan and he replied with this link, which kind of clarifies the situation.We also have a quote I found with the picture:
''Engine suppliers are loath to grant MRO rights to others. Engines are often sold at deep discounts, and in extreme cases, even given to airlines in exchange for the exclusive parts and MRO contracts. This is where the engine makers truly make their profits.''More Rolls-Royce posts.
MRO stands for Maintenance, Repair & Operations