Rolls-Royce Holdings Plc fell the most in more than a year after the in-flight shutdown of one of its engines on an Airbus SE A350 jet raised concerns that the model may be the latest afflicted by a design defect.
The captain of the Iberia flight from New York to Madrid made an emergency landing in Boston 1 1/2 hours after takeoff when a technical failure was detected, the airline said Wednesday. The plane landed safely and engineers are currently evaluating the problem.
“We are aware of the issue and will be working closely with the airline to support them,” Rolls-Royce said by email following the Iberia incident, adding that it expects the engine to achieve market-leading levels of reliability.