BEAUTY Jul 24, 2024 IDOPRESS

Rolls-Royce roars back into fast-growing short-haul aircraft market

Rolls-Royce has taken a major step in its return to the market for short-haul aircraft by beginning work on a smaller version of its new Ultrafan engine.

Rolls-Royce has taken a major step in its return to the market for short-haul aircraft by beginning work on a smaller version of its new Ultrafan engine.

Rolls-Royce boss Tufan Erginbilgic targets short-haul market

Boss Tufan Erginbilgic said the company was working on a 'demonstrator' of the engine at its main headquarters in Derby - alongside the larger version designed for long-haul planes.

The move signals Rolls- Royce's return to the fastgrowing market for 'narrowbody' aircraft used by the likes of Ryanair and Easyjet for shorter international flights or domestic routes.

Erginbilgic's comments came during a wide-ranging briefing at Farnborough Air Show in which he also said delays over the future of Britain's fighter jet programme were not helpful.

Rolls-Royce quit the narrowbody market more than a decade ago only to miss out as demand for the likes of the Boeing 737 and Airbus A320 took off,while wide-body orders slowed. Its latest move will see the engineer muscle in on a field dominated by America's Pratt & Whitney and GE.

Rolls says its Ultrafan engine - expected to enter service in the 2030s - will be more fuel efficient and be able to run on 100pc sustainable aviation fuel,which is made from waste such as cooking oil and results in much lower carbon emissions.

RELATED ARTICLES

Previous 1 Next

BUSINESS LIVE: Aston Martin losses accelerate; Informa to...

Rolls-Royce cashing in on Shein boom via air cargo market

Labour must act fast to fire up Rolls-Royce nuclear reactor...

ALEX BRUMMER: Labour must prove critics wrong over growth

Share this article

Share

It has already tested the larger version of the engines at full power and has said that the technology will be 'scalable',indicating an ambition to make smaller versions.

Rolls will still need to sign up customers - the likes of Airbus or Boeing - that make the planes that use the engines.

'At some point we need to get them on board,but that work is under way,' Erginbilgic said.

A test flight could take place in three to five years. Erginbilgic has said that if it develops narrow-body engines it will need to work in partnership with another company to produce them.

Meanwhile,Rolls-Royce is also working on the Tempest fighter jet programme,which has been subject to growing doubts over its future after Labour announced a defence review due next year.

Erginbilgic said holding the review 'makes sense' but took issue with how long it will take,which is adding uncertainty to a programme that 1,000 Rolls-Royce employees are already working on,diverting some engineers from its civil aerospace division.

DIY INVESTING PLATFORMS

AJ Bell

AJ Bell

Easy investing and ready-made portfolios

Learn More

Learn More

Hargreaves Lansdown

Hargreaves Lansdown

Free fund dealing and investment ideas

Learn More

Learn More

interactive investor

interactive investor

Flat-fee investing from £4.99 per month

Learn More

Learn More

eToro

eToro

Share investing: 30+ million community

Learn More

Learn More

Trading 212

Trading 212

Free share dealing and no account fee

Learn More

Learn More

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team,as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

Topic Fashion: Ultimate Guide to the Latest Fashion Trends

Welcome to our guide on top of the latest fashion trends! In this fast-paced and ever-changing world of fashion, it can be challenging to keep up with all the latest styles and trends. But fear not, because we've got you covered. From runway shows to street style, from classic staples to emerging designers, our comprehensive guide will provide you with everything you need to know to navigate the exciting world of fashion. Let's embark on this sartorial journey together and discover how you can effortlessly embrace the latest fashion trends!