Investors seem to have been comforted by soothing words from Rolls-Royce about problems with its engines used on the Airbus A380 superjumbo.
Rolls-Royce shares rose after the company said investigations showed a fault that forced a Qantas A380 to make an emergency landing last week is confined to a specific engine component. That makes it easier and cheaper to fix.
There was an explosion in the engine of the Qantas plane after the faulty part led to an oil leak and fire.
The world’s second-largest maker of aircraft engines said because of costs associated with the blowout its underlying profit growth for this year would be slightly lower than its previous guidance of a four to five percent increase.
But the planemaker Airbus has warned airlines and investors of more possible delivery setbacks for A380s as a result of this problem.
It has three of those aircraft ready for delivery fitted with Rolls-Royce engines that will need work but will give priority to retrofitting new parts for existing customers.
“In such a situation, of course, the customer has priority, and the priority is to keep the 39 aircraft flying or back in the air as quickly as possible and I would not rule out some impact on the delivery schedule,” Airbus Chief Executive Tom Enders told reporters.
“I do not know how severe that would be,” he said, referring to deliveries in 2011.