Rolls still bullish despite climbing jet-fuel prices
Given the skyrocketing price of oil, the global financial crisis and gloomy forecasts from the travel industry, one might be forgiven for anticipating a me

Given the skyrocketing price of oil, the global financial crisis and gloomy forecasts from the travel industry, one might be forgiven for anticipating a message of gloom and doom from a manufacturer of a substantial proportion of the world’s aero engines.

Not so at Rolls-Royce. While admitting openly that the aviation industry is heading for a “period of uncertainty,” civil aerospace president Mark King is surprisingly bullish about the prospects for the UK company. “These are certainly interesting times, but if you stop and stare at the fundamentals it is clear the world will need larger, more fuel efficient aircraft,” he said.