WELLINGTON: Air New Zealand said on Thursday “two recent events” involving Rolls-Royce Holdings Trent 1000 engines had prompted it to cancel and delay some international flights over the coming weeks, making it the latest airline to experience problems.
Engines on its Boeing 787-9 jets would now require early maintenance, it said.
Rolls-Royce told investors in August that 400 to 500 Trent 1000 engines were affected by issues with components wearing out earlier than expected, according to a conference call transcript.
Air New Zealand did not disclose the nature of the two events, but the New Zealand Transport Accident Investigation Commission said it was investigating two events involving “engine abnormalities” on Air New Zealand aircraft this week.
The Aviation Herald reported on Tuesday that an Auckland-Tokyo flight had returned to its base after take-off due to an engine issue, while plane tracking website FlightRadar24 said a flight to Buenos Aires had returned to Auckland on Wednesday.
Japan’s ANA Holdings and Britain’s Virgin Atlantic have also reported issues with the engines over the last 18 months.
Air New Zealand said Rolls-Royce did not have spare engines available while the maintenance work was being undertaken, meaning it would be focused on finding replacement aircraft capacity.
Rolls-Royce said it was working with Air New Zealand to minimize disruption and restore full flight operations as soon as possible.
“It’s not uncommon for long-term engine programs to experience technical issues during their life and we manage them through proactive maintenance,” a Rolls-Royce spokeswoman said.
Air New Zealand said it did not anticipate any change to current earnings guidance at this stage.
Air New Zealand cancels flights after “events” involving Rolls-Royce engines
Air New Zealand cancels flights after “events” involving Rolls-Royce engines
Closing Bell: Saudi main index closes in red at 10,847
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.
The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.
The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.
The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.
The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.
Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.
On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.
Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.
On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.
In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.
