SHARES in Rolls-Royce Holdings tumbled yesterday after fingers were pointed at the engineering firm for multiple cancelled flights.
Japanese airline ANA revealed it needed to call off some of its flights and leave planes grounded because it now has to replace components in the Rolls-Royce engines in some of its Boeing 787 Dreamliner fleet.
A total of nine domestic flights have been cancelled for today.
A Rolls-Royce spokesperson said yesterday: "We are aware of the situation and are working closely with ANA to minimise the effect on aircraft service disruption. There is no impact on other Rolls-Royce engine programmes."
Shares in Rolls-Royce Holdings closed down 1.8 per cent at 774p in London last night. However, at one point, share price dipped as low as 770p.
Shares in Boeing were less affected by the cancelled flight news, closing down 0.2 per cent at $132.98.
A Boeing spokesperson said: "Boeing continuously works with our customers and engine partners to ensure the safety of the world's commercial jetliners continues at the highest levels."
(c) 2016 City A.M., source Newspaper