16th Apr 2015 09:43
LONDON (Alliance News) - Emirates Airline is poised to pick Rolls-Royce Holdings PLC Trent 900 engines to power the airline?s latest batch of Airbus A380 aircraft, the Wall Street Jounral reports citing people familiar with the matter, a deal that would mark a breakthrough for the British company which has no current contracts with the growing airline.
Emirates, the biggest operator of A380s, selected the GE, Pratt joint venture to power its first 90 A380 jets. In November 2013, the airline said it would buy 50 more A380 double-deckers, though it held off on making an engine decision. It has now opted for Rolls-Royce, the WSJ said, citing two of the people it quotes.
The deal for the engines could have a list price of more than USD2.5 billion, though large buyers typically get discounts, the paper points out. It said Emirates and Rolls-Royce both declined to comment, although it cited one person as saying the airline could announce the decision as early as this week.
Rolls-Royce shares were down 1.1% at 975.50 pence Thursday morning.
http://www.wsj.com/articles/emirates-to-pick-roll-royce-engines-for-new-a380s-1429174863
By Steve McGrath; [email protected]; @stevemcgrath1
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