Rolls-Royce to Replace Faulty A380 Engines: Official (RYCEF)

Rolls-Royce RYCEF will temporarily replace entire engines that have oil leaks on the Airbus A380, an aviation official told Associated Press Monday. The official said the British engine-maker would remove faulty engines and replace them with new ones. The move comes after a midair oil leak caused an engine on a Qantas A380 to disintegrate over Indonesia, forcing an emergency landing. The airline grounded all six of its A380s within hours, and said several days later that oil leaks were likely the culprit. Shares of Rolls-Royce (not to be confused with the auto maker, a division of BMW), are down to $9.60 Monday afternoon, another fall of 2.5%. The company has lost around $1.4 billion in market value since the incident. According to an Associated Press report, "Qantas' six superjumbos — the backbone of its longest and most lucrative international routes between Australia and Los Angeles, Singapore and London — remain grounded despite what experts say is financial pressure to fly them again. The removal of engines can be expected to cause longer delays and potential revenue losses." "We are taking our normal and extremely conservative approach to safety and will not operate our A380 fleet until we are completely confident that it is safe to do so," Qantas spokesman Simon Rushton said.