QF Rolls Royce keen to settle out of court

first_imgAustralia’s flag carrier is hoping to recoup damages following last year’s mid-air explosion of a Rolls Royce engine resulting in the grounding of Qantas’ entire A380 fleet. At a press conference this morning Qantas chief executive Alan Joyce said that while the airline’s insurance is handling the cost of repairing the aircraft, Qantas is still in talks with Rolls Royce over the AU$55 million that was lost as a result of standing down its A380s. Mr Joyce added that despite the carrier receiving legal advice, both parties are keen to come to a commercial agreement outside of court. “We are still in ongoing negotiations with Rolls Royce,” he said. “We don’t want to set a timetable on those negotiations but they are moving forward quite well and both parties are keen to settle.” Mr Joyce added that despite the A380 incident impacting the airline’s profits from the UK, Qantas still managed to achieve double its underlying profit before tax to $417 million for half year ending 21 December 2010.  The now infamous Qantas A380 will be up and running before the end of the year assured Mr Joyce. Source = e-Travel Blackboard: G.Alast_img

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