Rolls Royce’s experimentation with new technologies is particularly broad and goes beyond hydrogen, which is considered less polluting. In particular, it is conducting experiments with a single-seat battery-electric aircraft at a speed of 345 miles per hour, and in November it conducted the world’s first test of a hydrogen aircraft engine. However, such efforts have not made significant progress. The British historical industry, which currently employs 44,000 people in 14 countries, is recovering from the shocks of the pandemic, which were so severe that the government forced them to bail them out. According to the outgoing Military East, which has been at its helm for seven years, the performance of these duties is a privilege, but also quite painful. The battles he has been called upon to fight have ranged from paying £671 million in compensation for a major bribery and corruption scandal before he took over as chief executive to discovering costly and serious cracks in jet engines. Then came the coronavirus, which landed planes with Rolls Royce engines.

During the pandemic, Rolls Royce was forced to cut its workforce by 7,000 people.

The crisis was existential for perhaps Britain’s most famous industrial enterprise. The war in the East has resulted in a fight to get over £7bn from investors and lenders while cutting 7,000 jobs. Today, he notes that his successor and former BP chief executive, Tafan Erzinbildzik, now has the tools to improve Rolls Royce’s financial performance. A company based in Derby, UK, sells jet engines at a loss and later profits from maintenance. So when flying time dropped very drastically during the pandemic, to about 10% of 2019 levels, it was a disaster.

However, there are reasons to be optimistic about the successor to War East. In China, where Rolls Royce-powered wide-body twin-body aircraft are often used for short haul routes, Beijing’s decision to reopen airspace and lift quarantine rules for arriving passengers will be a heavy burden for the aviation industry. Can Rolls Royce stay independent? Ist rejects long-awaited industry consolidation, such as the US takeover of Pratt & Whitney. But if Rolls Royce wants to win new contracts – and especially if it wants to enter the fastest growing market for narrow-body aircraft – it will have to wait for Airbus and Boeing to commit to a new aircraft. Finally, there is another major factor holding back the development of the new aircraft, as carriers have committed to zero emissions by 2050.