Rolls-Royce plans to sell electric flight division to focus on jet engines

CEO Tufan Erginbilgiç aims for record operating profits as he launches new strategy

Rolls-Royce will sell its electric flight division as it focuses on improving profits in its jet engine business, under a new plan from its chief executive, Tufan Erginbilgiç.

The FTSE 100 manufacturer will aim for record operating profits of between £2.5bn and £2.8bn a year, compared with £837m in 2022, it said in a strategy published on Tuesday.

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