Rolls-Royce closed the first nine months of 2022 with £2.0bn cash along with £5.5bn in undrawn committed facilities. This included a £1bn five-year sustainability-linked loan, supported by an 80% guarantee from UK Export Finance (UKEF). In September 2022, Rolls-Royce completed the £2bn programme of disposals with the sale of ITP Aero for €1.6bn and repaid the £2bn UK Export Finance-backed loan due in 2025. The thecompany has approximately £4bn of drawn debt outstanding. Rolls-Royce recovered about 65% of 2019 levels in the four months to the end of October 2022 for large engine flying hours. According to the company, this

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