ROLLS-ROYCE SEEKS TO BOLSTER BALANCE SHEET AFTER COVID HIT

British aerospace company Rolls-Royce said on Friday it was reviewing a range of options to strengthen its balance sheet and position itself for recovery after the COVID-19 pandemic, Paul Sandle wrote for Reuters on July 3.

“We confirm we are in the early stages of reviewing a range of potential options,” the company said in a statement. “However, no decisions have been made.”

The company said its financial position and liquidity remained strong. Shares in Rolls-Royce were trading down 8.5% at 267 pence following the announcement.

Rolls-Royce manufactures luxury cars and jet engines for both commercial airlines and air forces of various countries.