Stephen Fry Tweets on Quantas A380 engine shutdown.

Rolls-Royce @ 705p, -9.5p (-1.33%) as at 9.22 gmt

I see that Quantas has had a recent problem with an A380 engine that developed an "oil quantity defect" and had to be shutdown which led to the aircraft being diverted to Dubai (www.telegraph.co.uk: Rolls-Royce hit by fresh 'oil leak' on Qantas A380).

Bizarrely, the incident took place "a year to the day since a Rolls-Royce engine exploded on a Qantas superjumbo - and industry sources said preliminary investigations have shown it was caused by an oil leak in an external oil pipe." 

Thankfully, Quantas has also said that "the incident was a "one-off" and "completely unrelated" to the engine blow-out last year that caused the entire Qantas fleet to be grounded". 

I had to laugh when the article quotes a tweet from Stephen Fry who happened to be a passenger and just about sums things up with "Bugger. Forced to land in Dubai. An engine has decided not to play." 

Obviously there will continues to be a level of nervousness around the A380 and last years grounding incident without which this probably wouldn't even get a mention in National Press.

Safe to assume that the current situation at Quantas has also contributed to its newsworthiness as well.

Rolls-Royce shares are down 9.5p this morning but I would have to suggest the decline is more to do with the uncertainty of finding a solution to the odyssey involving Greece, the EU, and the IMF which threatens to drag the global economy back into recession.

Quotes sourced from the following related article:

- www.telegraph.co.uk: Rolls-Royce hit by fresh 'oil leak' on Qantas A380