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

  • Natural gas continues to fall ahead of EIA reportNatural gas continues to fall ahead of EIA report Natural gas continued to fall on Thursday, a seventh consecutive day of declines, before the Energy Information Administration releases its weekly natural gas storage report at 14:30 GMT. The government statistics are expected to show a build […]
  • Lucid to lay off about 1,300 people amid restructuring planLucid to lay off about 1,300 people amid restructuring plan Lucid Group Inc (LCID) said this week it would lay off about 1,300 people, or nearly 18% of its workforce, as part of a restructuring plan.Lucid Group's Chief Executive Officer Peter Rawlinson said the company would communicate with […]
  • Gold trading outlook: futures edge down a third day as markets await Yellen’s testimonyGold trading outlook: futures edge down a third day as markets await Yellen’s testimony On Monday gold for delivery in August traded within the range of $1,280.50-$1,294.15. Futures closed at $1,290.95, edging down 0.12% compared to Friday’s close. It has been the 147th drop in the past 276 trading days and also a second […]
  • GBP/JPY scales 2-week peak after UK, Japanese macro dataGBP/JPY scales 2-week peak after UK, Japanese macro data The GBP/JPY currency pair registered a fresh two-week high on Tuesday, after data showed UK's adjusted experimental unemployment rate had risen in the three months leading up to August, while Japan's factory activity had contracted for a […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.5554 - 1.5717, the highest in five months. The pair closed at 1.5671, surging 0.54% for the day following a 0.97% gain on Monday.At 07:03 GMT today GBP/USD was down 0.03% for the day to […]
  • Gold trading outlook: futures supported by Ukraine; US data eyedGold trading outlook: futures supported by Ukraine; US data eyed Gold futures made slight gains during early trading in Europe today, after the self-rule referendum in Eastern Ukraine resulted in an overwhelming victory for separatists, stocking safe-have demand. Moscows reaction is still to come, and the […]