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Australia’s Qantas Airways has grounded its A380 fleet for at least another three days as it investigates oil leaks as a possible cause of the explosion which tore apart one of the superjumbo’s engines last week.

Qantas shares fell as its reputation as one of the world’s safest airlines came under the spotlight and investors started counting the financial cost of grounding aircraft and compensating passengers.

The incident has rattled the global aviation industry which is recovering from heavy losses during the global economic downturn and has been damaging for Rolls-Royce  which is developing new engines for the next generation of commercial jets.

source: Reuters

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