November 2, 2009
ROLLS-ROYCE WINS $350 MILLION ORDER FROM TURKISH FLAG CARRIER FOR ADDITIONAL
TRENT 700 ENGINES
Rolls-Royce, the global power systems company, has won a $350m order, at list
prices, for Trent engines to power five Airbus A330 aircraft for Turkish
Airlines (Turk Hava Yollari). The contract includes long-term TotalCare service
support. Aircraft deliveries will start in 2010. This follows the July 2009
announcement that Trent 700 engines will also power seven THY A330 aircraft, a
contract valued at $470m at list prices.
Candan Karlitekin, Chairman Turkish Airlines, said: "We are pleased to make a
second selection for Rolls-Royce engines for our A330 fleet. The aircraft
represents an exciting new phase of development for the airline and our
shareholders. The commitment of Rolls-Royce in supporting our ambitions is an
important factor in our plans."
Nick Devall, Rolls-Royce Executive Vice President - Customer Business, said:
"We are delighted that Turkish Airlines has again chosen Rolls-Royce technology
to power additional A330 aircraft. The Trent 700 is a market leader and we are
committed to working closely with the airline as they continue to develop their
fleet."
The Trent 700, the only engine specifically designed for the A330, remains the
market leader for the aircraft, achieving more than 70 per cent of new orders
over the last three years.
The THY aircraft will feature an enhanced performance version of the Trent 700
which improves engine performance by a further 1.3 per cent - confirming its
position on the A330 as best for fuel burn and emissions as well as thrust and
noise.
The latest THY order for Trent 700 engines will cover three A330 passenger
aircraft and two A330 freighter aircraft.
Notes to Editors:
1. Rolls-Royce, a world-leading provider of power systems and services for use
on land, at sea and in the air, has established a strong position in global
markets - civil aerospace, defence aerospace, marine and energy. In each
sector, Rolls-Royce offer value-added long-term service agreements for
customers and operators.
2. In 2008, Rolls-Royce and its partners invested £885 million on research and
development, two thirds of which had the objective of further improving the
environmental aspects of its products, in particular the reduction of
emissions.
3. Annual underlying revenues were £9.1 billion in 2008, of which 52 per cent
came from services revenues. The firm and announced order book stood at
£57.5 billion at 30 June 2009, providing visibility of future levels of
activity.
For further information please contact
Mark Alflatt
Director of Financial Communications
Tel: +44 (0)20 7227 9285
mark.alflatt@rolls-royce.com
Nicky Louth-Davies
Director of Corporate Communications
Tel: +44 (0)20 7227 9232
nicky.louth-davies@rolls-royce.com
Web www.rolls-royce.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.