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15/05/26 21:26:15

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Subject: Qantas shares continue to fall Author: EmailPrint..Topics:Company News & Earnings.On Monday 8 November 2010, 11:40 [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 7/11/10 16:53:16 In reply to: Abba 's message, "at 275==love me or leave me I do I do I do" on 7/11/10 16:42:13 Qantas shares continue to fall Share retweet EmailPrint..Topics:Company News & Earnings.On Monday 8 November 2010, 11:40 Qantas Airways Ltd shares are down more than three per cent on Monday as the airline remains unsure when its fleet of A380 aircraft will return to the skies. Chief executive Alan Joyce said checks had revealed problems with three Rolls-Royce engines on its A380s, meaning the six aircraft would remain grounded for the time being. "On three of the engines what we have found is slight anomalies," Mr Joyce told ABC Radio. "Oil where oil shouldn't be on the engines and we are just trying to check what could the cause of that could be. "These are new engines on new aircraft, they shouldn't have these issues at this stage, so it's given us an indication of an area for us to focus into." Qantas shares were down 10 cents, or 3.5 per cent, to $2.76 at 1138 AEDT, continuing their slide from last Thursday's closing price of $2.89, the day an engine on an A380 exploded mid-air over Indonesia. Mr Joyce said Qantas hoped to have an idea of when its A380s would return to service in the "next day or so". [ Next Thread | Previous Thread | Next Message | Previous Message ]