Rolls-Royce PLC
25 July 2000
ROLLS-ROYCE SIGNS US$103 MILLION LONG-TERM ENGINE MAINTENANCE
AGREEMENT WITH EXECUTIVE JET AVIATION
Rolls-Royce plc today announced the signing of a US$103 million Power by the
Hour(R) agreement with Executive Jet Services, Inc. for engine maintenance on
the company's fleet of Cessna Citation X aircraft. This contract extends to 10
years a previous agreement covering all Rolls-Royce AE 3007-powered aircraft
either owned or managed by EJA, the world's largest commercial operator of
business aircraft.
All Rolls-Royce-powered aircraft operated by Executive Jet are now covered under
long-term engine maintenance programmes. A similar contract for Rolls-Royce
powered Gulfstream GIV and GV corporate jets was signed in late 1999.
Financial and aftermarket services account for 40 per cent of Rolls-Royce sales.
The company has developed a broad range of services in response to the rapid
growth of its customer base, the growing numbers of products in service and the
increasing requirement from customers for through-life support.
Power by the Hour(R) agreements form part of a full range of services that
Rolls-Royce offers to its customers. Under Power by the Hour(R), Rolls-Royce
provides a broad range of maintenance support in return for a fixed fee.
Background Information:
- The Rolls-Royce AE common core engine family has accumulated more than 2.5
million flight hours since entering service.
- Rolls-Royce overhauls more than 1,500 aero-engines and 4,500 modules each
year. The company repairs 47 different engine types for 400 customers
through a worldwide network of 16 repair and overhaul operations on four
continents.
- The company's aero repair and overhaul business continued to grow in 1999 as
a result of its comprehensive international network of repair bases and the
growing installed base of engines. Rolls-Royce won more than 100 repair and
overhaul contracts during the year.
- The 7,600 lb thrust Rolls-Royce AE 3007 engine is the sole powerplant for
the Citation X, which cruises at Mach 0.92, making it the world's fastest
business jet.
For all Rolls-Royce news and images at Farnborough 2000, visit our website:
www.rolls-royce.com
For more Information, please contact:
Rolls-Royce Press Centre
Stand G1, Hall 4
Farnborough International Air Show
Tel: 01252 380654
Fax: 01252 380382
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