British aircraft maker Rolls-Royce hit hard by pandemic, which lost $5.6 billion in 2020

Company announced it will sell its assets.

Muqeem Ahmad, London,

Rolls-Royce, the world’s largest supplier of jet engines, lost 5.6 billion in 2020. According to experts, they did not expect such a big loss. Corona virus, lockdown and travel bans leave thousands of planes stranded around the world.

Rolls-Royce collects from its customers on an hourly basis. Due to which Rolls-Royce company is facing profit reduction and difficulties. However, Rolls-Royce is ready to face the worst situation as it still has enough capital and foundations.

Rolls-Royce plans to raise $2.8 billion from the sale of its assets in Spain, after the news broke Shares of the company gained 2.7%.Experts say the sale of assets by Rolls-Royce is a viable plan

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