Rolls-Royce Shares Edge Higher Amid Engine Issue

Investing.com — Shares in Rolls-Royce (LON:RR) edged higher on Tuesday, recovering some of the losses from the previous session.

Cathay Pacific’s Engine Part Failure

The rise followed the news from Cathay Pacific Airways about an engine part failure on one of its long-haul planes.
Hong Kong-based Cathay Pacific announced it would conduct a fleet-wide inspection of its Airbus A350 aircraft due to an in-flight issue with an engine component.

On Monday, the airline canceled at least 34 flights as a result of the issue.
Rolls-Royce, based in the U.K., is the sole engine supplier for the A350 line. Meanwhile, shares for Airbus (EPA:AIR) dipped slightly by 0.2%.

Inspection Progress

Cathay Pacific has not specified which engine part is under examination but stated that maintenance activity is “progressing well.”
The airline’s engineering team inspected its operational A350 fleet within 24 hours, identifying 15 aircraft with affected engine components requiring replacement. So far, three of these aircraft have undergone successful repairs.

Cathay Pacific has confirmed that all affected aircraft are expected to resume operations by Saturday.