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