I have my serious hat on today. I don't understand from as legal point of view why AIR are not climbing into RR over the obvious impact on the airline with this engine issue.
RR have a market cap of 17 Billions pounds
https://www.rolls-royce.com/investors/share-price.aspx so I don't accept a fully litigious approach would have any catastrophic effect on RR.
I'm going to be all over this issue at the next annual meeting and won't take the usual "commercial confidentiality" response without some serious barking. I can't see why AIR don't have a strong actionable case against RR and I think the losses the airline are experiencing because of this issue may be recoverable once this fiasco is sorted.
I am watching the share price decline closely on the basis that at some point I think this becomes a BUY especially if one looks through their current issues and values the company on a DCF basis. I was surprised by Friday's fall but that may not be the end of it. Fortunately I have a fairly modest position at present but I am looking to acquire a good meaningful stake at the right time.
Speaking of engine issues I have my own and it really rocks your confidence. Brand new ZB Commodore Calais V delivered just before Christmas. Engine seized 20 days and 850 km's later. Unlike AIR I don't take these sort of issues lying down but then again there are more than two engine manufacturers so that makes it easier...