Key facts
- Rolls-Royce CEO Tufan Erginbilgic needs a decision from the UK government soon on subsidies for a new narrowbody aircraft engine.
- The UK is the preferred location for development due to Rolls-Royce's origins.
- The company has other options if UK subsidies are not provided.
Rolls-Royce CEO Tufan Erginbilgic has urged the UK government to make a swift decision on whether it will provide subsidies to aid the company in developing a new engine for narrowbody aircraft. Speaking at the Farnborough Airshow, Erginbilgic emphasized the need for a timely resolution, stating that while the UK is the preferred location for this development due to the company's origins, alternative options are available.
The company's need for a decision highlights the critical juncture in its plans for next-generation engine technology, which is vital for its future competitiveness in the aerospace sector.