Following on from my recent post about the High-Bypass Turbofan Engine, we’re now going to look at one of the companies that supply the engine to airplane manufacturers.
The name Rolls Royce is synonymous with the luxury car market, but perhaps less so is their craftsmanship of jet engines. Founded in 1906, Rolls Royce have gone on to become a multi million pound corporation listed on the FTSE 100 share index in Britain, with a market cap of over £15 billion.
According to the company’s official website, they operate across five sectors:
- Civil Aerospace
- Defense Aerospace
- Power Systems
They enjoy a customer base spanning over 120 countries, comprising more than 400 airlines, 160 armed forces, 4,000 marine customers and over 5,000 power and nuclear clientele. The company employs over 50,000 people in upwards of 40 countries and, as of the end of 2015, they possessed an order book worth $110.78 billion.
The RB211-535E4 engine is described by Rolls Royce as ‘the record breaker‘. An aircraft using this power plant takes off or lands at an airport somewhere in the world every 41 seconds. 58% of Boeing 757 planes have selected the engine, which is in service with more than 60 operators. It’s the ‘world’s most reliable large turbofan‘.
Also in Rolls Royce’s commercial airline repertoire are:
- The RB211-524G/H & -T, an engine boasting over 48 million flying hours and 7 million flight cycles by November 2015
- The Trent 900, which is ‘the engine of choice‘ for the Airbus A380 with a fleet comprising over 300 engines with 75 aircraft in service
- The Trent 500, which began life in August 2002 with Virgin Atlantic and now has 589 engines that power 129 aircraft
- The Trent 800, an engine that with the Boeing 777 takes off or lands every 100 seconds
- The Trent 700, which 68 operators rely on as well as 150 million passengers every year
Add to all this the fleet of engines in their business sector and supply of helicopter engines, and you have a company that part dominates a large section of the market.
The Rothschild Connection
A man called Sir John Rose joined Rolls Royce in 1984 following a career in the banking sector. After assuming the roles of Director of Corporate Development and Managing Director, he went on to become the companies Chief Executive in 1996. Sir John held this position until the end of March 2011, replaced by a man called John Rishton.
This is where The Rothschild family come into play. After retiring from Rolls Royce, Sir John was appointed Deputy Chairman of the Rothschild Group. A look at some of Sir John’s other accomplishments before his move over to the Rothschild’s may help give some indication as to why:
- Fellow of the Royal Aeronautical Society
- Past-President of the European Association of Aerospace Industries (AECMA)
- Member of the JP Morgan International Council
- Member of the European Round Table of Industrialists (ERT)
When taken on as Deputy Chairman of the Rothschild group – which is only one position shy of Executive Chairman, held by David de Rothschild – an official statement was released to mark the appointment. Some notable points in the statement were:
The Rothschild Group announces the appointment of Sir John Rose as Deputy Chairman. Sir John will join the Board of Rothschilds Continuation Holdings AG (“RCH”), the major international operating company within the Group, with effect from 1 October 2011.
Sir John will work closely with David de Rothschild in shaping the strategic direction of the group and further developing its international profile.
Announcing the appointment, David de Rothschild said, “Given the breadth and depth of our businesses I am delighted to have Sir John by my side as a colleague and adviser to both the firm and the family.
Sir John Rose said, ‘I am excited by this new challenge and especially the opportunity to work closely with David de Rothschild whom I have known well for many years.
Interestingly, the full press release has now been deleted from the Rothschild’s website.
By their own analysis, N M Rothschild & Sons Ltd is one of the world’s largest independent financial advisory firms, employing 3,000 people in 42 countries. There are four main arms to the business:
- Global Financial Advisory
- Wealth Management & Trust
- Merchant Banking
- Institutional Asset Management
The Rothschild’s Global Advisory arm of the business is where attention should be brought. Here, they have a presence in the following sectors:
- Business Services
- Includes white collar services and industrial services
- Consumer, Retail and Leisure
- Includes food, drink, travel and tourism
- Energy and Power
- Includes oil and gas and power generation (includes nuclear)
- Financial Institutions
- Includes banking, insurance, exchanges, brokers and market infrastructure
- Includes pharmaceuticals, life sciences and medical technology
- Includes aerospace and defence, automotive and chemicals
- Mining and Metals
- Includes base metals, precious metals and steel
- Real Estate
- Includes construction, hotels and real estate developers
- Telecoms, Media and Technology
- Includes telecoms, cable and satellite, TV and radio networks, the internet and hardware, semiconductors and components
- Transport and Infrastructure
- Includes aviation, maritime, railways and roads
Of course, what is not mentioned on the group’s webpage is how the Rothschild empire has control over almost all of the world’s central banks. If you went solely by N M Rothschild & Sons Ltd net income for 2014, which came to £34.4 million, it wouldn’t immediately point to a group that could possibly claim such dominance on what in the business world would be considered a meagre sum of money.
What is perhaps telling, though, is that for a company which delivers a small net income – compared at least to other financial institutions – they still have 42 office locations around the world.
It has been well documented by independent researchers the amount of power and influence that the Rothschild’s and other families truly have within both finance and politics. The story goes back over 200 years, beginning with Nathan Mayer Rothschild in the 1800s.
But, clearly, what I have presented here is not direct proof of a conspiracy between Sir John Rose and the Rothschild’s. It does, however, raise some important questions, such as:
- What sort of relationship did Sir John Rose and David de Rothschild have before Sir John joined the Rothschild group? All we know for certain is that they had known each other ‘for many years‘ before the appointment.
- Why was Sir John’s position as Deputy Chairman short lived? After joining the Rothschild’s in September 2011, he went on to become non-executive director of Holdingham Group (later Chairman) in February 2012. Holdingham is the parent company of strategic intelligence company Hakluyt & Company. David de Rothschild’s son, Alexandre de Rothschild, is now Deputy Chairman of the Rothschild group.
In regards to Sir John’s move to Holdingham, the Daily Telegraph ran a story on it at the time:
In joining Mayfair-based Hakluyt, Sir John follows in the footsteps of his Rolls-Royce predecessor, Sir Ralph Robins, who sits on Hakluyt’s advisory board, as well as diplomats including Sir David Manning, who was Tony Blair’s principal foreign affairs adviser in the lead-up to the invasion of Iraq.
Rather than taking a seat on the advisory board, Sir John has become a non-executive director of Hakluyt’s holding company, the recently renamed Holdingham Group. Holdingham is chaired by ex-Unilever boss Niall Fitzgerald.
Other directors include Keith Craig, Hakluyt’s chief executive, as well as former British diplomat, Sir Kieran Prendergast.
The exact activities undertaken by Hakluyt remain confidential but its client list is understood to read like a who’s who of the FTSE 100.
In short, Hakluyt are a private company that have a reputation for secrecy and discretion. But what is intriguing here is that in 1995 Hakluyt were founded by Christopher James, a former MI6 officer, and Peter Cazalet, ex-vice president of BP. On top of this, the company were alleged in 2001 to have employed an operative to infiltrate environment groups on behalf of BP and Shell.
As well as this, Hakluyt has some interesting names on its advisory board, including:
- Bill Bradley, a former US Senator
- Louis .B. Susman, a former US Ambassador to the UK
- Sir Iain Lobban, a former director, UK Government Communications Headquarters (GCHQ)
Is it too far fetched to think that Sir John Rose’s short stay with the Rothschild group was in some way preparation for his position at Hakluyt? The Rothschild’s do after all have a track record for infiltrating institutions with their agents.
Could that be what we are seeing here with Sir John Rose? Is he an agent for the Rothschild family, in spite of no longer being their Deputy Chairman?
Or is it all a coincidence?
What do you think? Please let me know what you think.