Rolls-Royce shares hit 17-year low after it reveals £2bn cash-call

Engine-maker hit hard by Covid-19 crisis also announces plans for further £3bn of loans

Shares in Rolls-Royce have tumbled to a 17-year low as the aircraft engine-maker announced a £5bn emergency plan to shore up a balance sheet ravaged by the coronavirus pandemic.

The dramatic decline in global air travel during the pandemic has hit Rolls-Royce’s revenues from servicing its jet engines and from selling new ones.

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