Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Rolls-Royce concluded that its safety procedures were to blame following a report from Australia’s transport safety regulator that pointed to the British manufacturer for the 2010 in-flight explosion of one of its engines on a Qantas A380 aircraft.

The Australian Transport Safety Bureau stated in its final report the cause for the explosion was an oil pipe defect which consists of a crack causing oil leaks.

The explosion happened during the flight between Singapore and Sydney, which forced the aircraft to make an emergency landing with its 433 passengers on board. The  circumstances forced temporary grounding of some of Airbus’s flagship A380 super-jumbos.

“The thin wall section significantly reduced the life of the oil feed stub pipe on the number two engine so that a fatigue crack developed, ultimately releasing oil during the flight that resulted in an internal oil fire,” the report said, cited by Financial Times.

The Australian safety watchdog blamed Rolls-Royce for neglecting its safety procedures as stating that the crack of oil pipes could be traced if procedures were followed strictly by firms employees.

Citing the report it said that “Those opportunities were missed for a number of reasons, but generally because of ambiguities within the manufacturer’s procedures and the non-adherence by a number of the manufacturing staff to those procedures”.

Rolls-Royces director of engineering and technology defined the explosion as “serious and rare event that we very much regret” according to Financial Times. The firm statement complies with the opinion of the Australian Transport Bureau. The aircraft engine manufacturer explained they already applied a new technology – a software which shuts down the engine in case of occurring similar issues.

The airline which airplane experienced the engine failure – Qantas also came up with a official statement. “This was an unprecedented event and, as the report confirms, all possible steps have been taken to ensure that it can never happen again,” the airline assured.

Rolls-Royce shares climbed by 0.14% and year to date share price rose by 22.05%.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Ford Motor Co.’s share price up, to launch 25 new models in Africa and the Middle East by 2016Ford Motor Co.’s share price up, to launch 25 new models in Africa and the Middle East by 2016 Ford Motor Co., the second-biggest automobile manufacturer in the U.S., made an e-mailed statement, revealing that it is to introduce 25 new models in Africa and the Middle East by 2016.The company forecast that the driving age population […]
  • Grain futures higherGrain futures higher Grain futures were higher on Thursday with wheat and soybeans marking moderate gains, while corn rebounded after earlier losses to trade slightly above its previous close, pressured by concern for ample supply.On the Chicago Mercantile […]
  • Commodities trading outlook: gold, silver and copper futuresCommodities trading outlook: gold, silver and copper futures Gold prices erased earlier gains during midday trade in Europe today, after the US posted encouraging economic data. Investors now eye the upcoming release of minutes from Feds July meeting. Meanwhile, copper prices were steady after the US […]
  • GBP/USD reacted slightly to UK consumer inflation reportGBP/USD reacted slightly to UK consumer inflation report British pound showed little reaction against the US dollar on Tuesday, after a report said that consumer inflation in the United Kingdom remained flat in July in consonance with preliminary estimates.GBP/USD touched a session high at […]
  • Carlsberg Sticks to Profit Outlook Amid Mixed Global Demand Trends, Shares Inch 1% LowerCarlsberg Sticks to Profit Outlook Amid Mixed Global Demand Trends, Shares Inch 1% Lower Key Moments:Carlsberg confirmed its full-year organic operating profit growth forecast of 1% to 5%. First-quarter global revenue climbed 17.4% to 20.12 DKK, narrowly missing expectations. Organic sales volume dropped 2.3%, while […]
  • Forex Market: GBP/NZD daily forecastForex Market: GBP/NZD daily forecast During yesterday’s trading session GBP/NZD traded within the range of 1.9847-1.9948 and closed at 1.9947, gaining 0.5% for the day.At 6:40 GMT today GBP/NZD was adding 0.03% for the day to trade at 1.9939. The pair touched a daily high at […]