coronavirus crisis batters air travel.The loss from the grounding of global plane fleets was swollen by a charge for closing dollar hedges that won’t be required as sales shrink, Rolls-Royce said Thursday, together with a writedown of the value of its main jet-engine arm.The company said it wants to raise at lease 2 billion pounds from disposals within 18 months, identifying the ITP Aero unit as the asset most likely to be offloaded.Rolls is also closing sites and cutting jobs as it grapples with a slump that’s expected to depress demand for the wide-body aircraft it powers for years to come.
Chief Executive Officer Warren East, who had already warned that the civil-engines business could emerge a third smaller, said 4,000 posts have been.