13 February, 2008
ROLLS-ROYCE TO POWER UP TO 20 A350 XWBs IN $880 MILLION AGREEMENT WITH SYNERGY
GROUP
Rolls-Royce today announced an agreement with Synergy Aerospace, part of the
Synergy Group Corp. of South America, for Trent XWB engines to power its
next-generation widebody fleet of 10 firm and up to 10 option A350 XWB
aircraft, due for delivery from 2015.
The business has a potential value of $880 million at engine list prices.
Synergy Aerospace is a holding company for three airlines - Avianca in
Colombia, OceanAir in Brazil and Vipsa in Ecuador.
German Efromovich, President of Synergy Group Corp. said: "Synergy Aerospace
has important growth plans and requires next-generation equipment to ensure
maximum operational capability, lowest costs and highest customer satisfaction.
We are confident that the Trent XWB will help achieve this."
Chris Cyr, Executive Vice President - Americas at Rolls-Royce, added: "This
order further strengthens our relationship with Synergy and its subsidiaries.
The Trent series will provide Synergy with unparalleled performance and
reliability."
In June 2007 Avianca, the Colombian flag carrier, placed an order for 10 Trent
700 powered A330-200s and 10 firm plus 10 option Boeing 787-8s with Trent 1000
engines.
The Trent XWB will be the fifth Rolls-Royce engine type operated by a Synergy
subsidiary. Other applications include the RB211-535-powered Boeing 757,
operated by Avianca and OceanAir; the Tay-powered Fokker 100; the Trent 1000
for the Boeing 787 Dreamliner, which enters service in 2010, and Trent
700-powered Airbus A330, scheduled to go into service later this year.
NOTE TO EDITORS:
1. The Synergy Group Corp. is a well established South American multi-national
conglomerate with enterprises in aerospace, energy, oil and gas and marine
businesses in several Latin American countries. The company owns Synergy
Aerospace which has economic interests in Brazil's Oceanair, Ecuador's
Vipsa and Colombia's Avianca, the first airline founded in the Americas.
2. Rolls-Royce has a successful and growing presence in South America and is
playing a pivotal role in the development of this important region. The
Rolls-Royce Brazil overhaul facility in São Paulo has served the region for
over 50 years.
3. The Trent XWB is available in a range of thrusts from 74,000 to 92,000 lb.
A single engine type will power all versions of the A350 XWB. By the time
the Trent XWB enters service, Trent series engines will have accumulated
more than 75 million flying hours.
4. Final engine configuration and selection of technologies are scheduled for
completion by mid-2008. The first Trent XWB will be ground tested in 2010.
In 2011, the engine will make its maiden flight on a flying test bed,
followed by airworthiness certification and first flight on the A350 XWB in
2012.
5. Rolls-Royce is working hard to improve the environmental impact of its
products. Each year Rolls-Royce, in collaboration with its partners,
invests over £800 million on research and development, two thirds of which
has the objective of reducing the environmental impact of its products.
The primary technology investment area is aimed at reducing noise and emissions.
News Desks: For visual material, please go to the Rolls-Royce Media Room, where
images are available at www.rolls-royce.com/media/gallery/default.jsp.
Broadcasters requiring broadcast-standard video, please visit
www.thenewsmarket.com/rolls-royce. If you are a first-time user, please take a
moment to register. In case you have any questions, please email
journalisthelp@thenewsmarket.com
For further information:
Mark Alflatt
Director of Financial Communications
Rolls-Royce plc
Tel: +44 (0) 207 222 9020
Email: mark.alflatt@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.