Rolls-Royce in Talks for U.K. Subsidies for New Plane Engine, FT Says, Citing Sources

Dow Jones04-03

--Rolls-Royce is in talks with the British government about getting taxpayer support to help fund the development of a new plane engine for the next generation of narrow-body aircraft primarily used for short-haul flights, the Financial Times reports, citing unnamed sources.

--It isn't clear how much of the estimated 3 billion pounds ($3.90 billion) in development cost the U.K. engineering and defense company is seeking in assistance from the government, but Rolls-Royce is ready to invest significant sums itself into the project, FT reports.

--Rolls-Royce declined to comment to the FT on the government talks.

Full story: htTps://shorturl.at/5Ybhw

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

April 03, 2025 04:55 ET (08:55 GMT)

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