Rolls Royce share price holding steady. One suspects the insurers will pay out and Rolls will instigate a review of their quality control in certain areas. Airbus (or their insurers) will also take some heat and pain,
There seems little evidence, yet, to conclude that there is a systemic problem with the Trent 900 and 1000 oil systems or overall design.
Qantas makes first move to take Rolls-Royce to court | Reuters
Brokerage UBS estimated it may cost the airline around A$60 million in costs and lost revenue, while Macquarie estimated incremental costs of around A$20 million relating to the grounding as well as a decline in international capacity of around one percent for the first half of 2011.
DIFFICULTIES NOT YET RESOLVED
A firm estimate on the damages may still be months away as Qantas does not yet know when it can return the aircraft to service or when Rolls-Royce can fully solve the technical issues.