Re Contract
14 March, 2008
ROLLS-ROYCE AND US AIRWAYS ANNOUNCE
ENGINES AND SERVICES BUSINESS
Rolls-Royce announced today that US Airways has chosen Trent 700 engines to
power up to 30 Airbus A330-200 twinjets. The value of the new business is
approximately
$2 billion and includes two long-term TotalCare services agreements for the
Trent 700 and RB211 engine fleets. The A330 order comprises engines for 15 firm
and up to 15 additional aircraft.
This is the latest in a series of engine orders placed by US Airways since
mid-2007. In June the airline announced firm orders for 22 Airbus A350 XWB
aircraft powered by Trent XWB engines with a value of approximately $1.8
billion, including a TotalCare agreement.
In December, the airline selected the V2500 engine to power up to 153 Airbus
A320 family aircraft. Rolls-Royce is a leading shareholder of International
Aero Engines, the manufacturer of V2500 engines, and its share of the V2500
order is approximately
$400 million.
Mark King, President, Civil Aerospace at Rolls-Royce, said: "This decision
further establishes Rolls-Royce as a true engine partner with US Airways. Trent
engines will power future widebody aircraft at US Airways, providing the best
performance and value generation for their international route expansion. This
Trent 700 order demonstrates their ongoing confidence in our products and our
relationship."
The Trent 700 delivers outstanding levels of performance and the highest
available thrust on the A330, resulting in increased operational flexibility.
Latest technologies fed into the engine as a performance improvement package
have delivered better fuel burn, which translates into lower emissions.
The airline currently operates a fleet of 43 Boeing 757s equipped with
RB211-535 engines and 94 A320 family aircraft powered by V2500 engines.
US Airways is the 52nd customer or operator to select the Trent 700 for the
A330 and will take delivery of its first Trent-powered A330 in 2009.
This order is contingent upon execution of definitive agreements, which are
expected in the coming months.
NOTE TO EDITORS:
1. The Trent 700 is the first engine in the successful Trent family, entering
service in 1995. It is the most powerful engine for the A330, with a
maximum in-service thrust of 72,000lb. It is also the quietest and cleanest
option for the A330, with the greatest margin to CAEP 4 legislation.
2. The Trent 700 has achieved a market-leading position on the A330, securing
53 per cent of orders, winning 70 per cent of A330 engine business placed
in the last five years. In engine competitions for follow-on A330 orders
made by existing Trent 700 customers, the engine has an unprecedented 100
per cent success record. To date, 11 customers have placed additional
orders for the Trent 700 following an initial fleet purchase.
3. In the next three years, approximately 60 per cent of A330 deliveries will
be Trent 700-powered, and the number of Trent 700 engines delivered will be
equivalent to 80 per cent of the entire number delivered to date.
4. The Trent 700 has a 100 per cent record in the rapidly-expanding Chinese
market, having been selected on all 137 of the country's A330s.
5. Trent 700s have logged eight and a half million flying hours and almost two
and a half million flights on 214 A330s. A further 233 Trent-powered A330s
on firm order have yet to be delivered, plus 37 options.
6. Rolls-Royce continues to invest in core technologies, products, people and
capabilities with the objective of broadening and strengthening the product
portfolio, improving efficiency and enhancing the environmental performance
of its products. These investments create high barriers to entry.
7. Research and development is carried out in facilities in the UK, Germany,
the U.S., Italy, Singapore, Japan and Scandinavia, with particularly strong
relationships with the 29 universities where there are Rolls-Royce
University Technology Centres.
8. Annual sales were £7.4 billion in 2007, of which 55 per cent came from
services revenues. The firm and announced order book is £45.9 billion, of
which aftermarket services represent 30 percent, providing visibility of
future levels of activity.
9. TotalCare, tailored for individual operators, offers a range of services
from
Rolls-Royce covering all aspects of asset management in support of its
Civil Aerospace products. Building on the company's knowledge, experience
and infrastructure, these services include elements such as predictive
maintenance, logistics management, and global repair and overhaul
offerings. TotalCare can remove uncertainties from engine management and
improve operational reliability for operators through a mutually aligned
business relationship.
10. US Airways is the fifth largest domestic airline employing more than 36,000
aviation professionals worldwide. US Airways, US Airways Shuttle and US
Airways Express operate approximately 3,800 flights per day and serve more
than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin
America. US Airways is a member of the Star Alliance network, which offers
our customers 17,000 daily flights to 897 destinations in 160 countries
worldwide.
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For further information:
Mark Alflatt
Director of Financial Communications
Rolls-Royce plc
Tel: +44 (0) 207 222 9020
Email: mark.alflatt@rolls-royce.com