November 8 2010
ROLLS-ROYCE WINS $350 MILLION ORDER FROM EGYPTAIR
Rolls-Royce, the global power systems company, has won an order worth $350m
from Egyptair for extended TotalCare® long-term services for 12 Airbus A330
aircraft.
Egyptair currently operates eight A330s and four are due to be delivered in
2010 and 2011.
Metin Oktay, Rolls-Royce Civil Aerospace Vice President - Africa, said: "We are
delighted that Egyptair has once again demonstrated their confidence in
Rolls-Royce. The combination of the Trent 700 and the TotalCare® support
package delivers significant reliability and performance benefits to enhance
their operation."
Abdel Aziz Fadel, Chairman and Chief Executive Officer Egyptair Maintenance and
Engineering, said: "The Trent 700 has proven itself in service as an effective
solution for our A330 fleet in terms of both economics and the environment,
proving itself particularly resilient when operating in hot or high altitude
locations."
Alaa Ashour, Chairman and Chief Executive Officer of EgyptAir Airlines, said:
"Our extension of TotalCare® is a reflection of the value we place on the
service, which allows us to predict and fully manage costs."
The Trent 700 is the only engine specifically designed for the Airbus A330 and
over 1,000 are now in service or on firm order. The engine has captured more
than 75 per cent of orders in the last three years. More than 90 per cent of
Trent engines in service have TotalCare® support.
This year is the 50th anniversary of the first Rolls-Royce jet engine going
into service in Egypt, an Avon.
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.
2. As a result of this strategy, Rolls-Royce today has a broad customer base
comprising more than 600 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than 2,000 marine customers,
including 70 navies, and energy customers in nearly 120 countries, with an
installed base of 54,000 gas turbines.
3. Rolls-Royce employs 39,000 skilled people in offices, manufacturing and
service facilities in 50 countries. The Group has a strong commitment to
apprentice and graduate recruitment, and to further developing employee skills.
4. In 2009, Rolls-Royce invested £864 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.
5. Annual underlying revenues were £10.1 billion in 2009, of which about half
came from services revenues. The firm and announced order book stood at
£58.4 billion at 30 June 2010, providing visibility of future levels of activity.
For further information please contact
Investor relations:
Mark Alflatt
Director of Financial Communications
Rolls-Royce plc
Tel: +44 (0)20 7227 9164
mark.alflatt@rolls-royce.com
Media relations:
Josh Rosenstock
Head of Corporate Communications
Rolls-Royce plc
Tel: +44 (0)20 7227 9163
josh.rosenstock@rolls-royce.com
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.