Rolls-Royce Holdings PLC (LON:RR.) has confirmed it is reviewing a range of potential options to strengthen its balance sheet and position itself for recovery post COVID-19.
The aeroengine maker said in a statement " [It] notes the recent press speculation. We confirm we are in the early stages of reviewing a range of potential options to strengthen our balance sheet and position ourselves for the recovery following COVID-19.
"However, no decisions have been made. Our current financial position and liquidity remain strong. A further announcement will be made if and when appropriate."
Bloomberg reported today that options under consideration included a share issue of between £1.5-2bn, or alternatively a sale of its ITP Aero business.
Rolls-Royce is scheduled to release an update on Thursday, which will be its first formal trading statement since it announced 9,000 job cuts in May of which 3,000 were in the UK.
The company has been hit by technical issues with the latest in the Trent series of engines, something that has been exacerbated by the problems at Boeing and airline fleets being grounded during the coronavrius outbreak.
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