Aero engine-maker Rolls-Royce prepares to take off after grounding by COVID

Few major British companies have been as badly affected by the pandemic as Rolls-Royce Holdings, the aero and marine engine maker. (Not to be confused with the luxury carmaker of the same name; the two became separate entities 50 years ago.) As commercial aviation collapsed last year, Rolls-Royce Holdings plunged into a near $5.5 billion loss, shed 9,000 staff and was forced to sell assets and raise fresh capital. (www.marketplace.org) More...