Re: Would Tim have rescued Rolls Royce in the seventies?
By 1971, RR was -if not the entirety - the vast majority of British aero-engineering.
It was strategic and thus needed to be saved. And since the RB211 needed buyers - and the only buyer was the Tristar being made by the nearly bankrupt Lockheed, it was fortunate(!) that Lockheed was propped up by US gov as well.