The engine exploded on a Qantas aircraft on 4 November Rolls-Royce has said that problems with its Trent 900 engine are likely to have a "slight" impact on profit growth.
The aerospace company has been investigating the explosion of an engine that forced an emergency landing of a Qantas A380 plane last week.
Rolls confirmed the problem related just to its Trent 900 engine type, and was down to the failure of a "specific component" which led to an oil fire.
The company warned that profit growth may be "slightly lower" as a result.
Qantas grounded its fleet of six A380s after an engine exploded on a flight to Australia on 4 November.
The plane was forced to make an emergency landing in Singapore, and the incident forced all A380 operators to check their planes.
Sir John Rose Rolls-Royce chief executive“This event... will have an impact on the group's financial performance this year”
In a trading update, Rolls-Royce allayed investors fears that the fault could be a problem with company's whole family of Trent engines.
Rolls-Royce said its investigations had led "to two key conclusions". First, that only the Trent 900 was affected; second, that the engine failure "was confined to a specific component" which led to an oil fire and loss of turbine pressure.
The company's shares fell sharply after the Qantas engine explosion, in part because of concerns about a lack of information from Rolls-Royce about the cause.
Rolls-Royce said that corrective measures would "enable our customers progressively to bring the whole fleet back into service".
But Sir John Rose, the company's chief executive, said: "This event and the consequent actions will have an impact on the group's financial performance this year."
In July, the company indicated that underlying profit growth for the year would be about 4%-5%.
But this will now by "slightly lower than previously guided," Rolls-Royce's statement said.
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Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-11740915
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