Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Rolls-Royce Wins USD500 Million Engine Deal With Ethiopian Airlines

17th Jun 2015 08:45

LONDON (Alliance News) - Rolls-Royce Holdings PLC Wednesday said it has won a USD500 million to provide its Trent 100 engines and after-care support for six Boeing 787-8 Dreamliner aircraft that Ethiopian Airlines has ordered.

The British aircraft engine maker said the decision marks a "significant vote of confidence in the Trent 1000", Ethiopian having previously selected engines from another provider to power 13 Boeing 787 Dreamliner aircraft.

Ethiopian has previously ordered Trent XWB engines to power 12 Airbus A350 XWB aircraft and has three RB211-powered Boeing 757 aircraft in service.

"We are pleased that the Trent 1000 will power this latest round of aircraft. We have confidence that it will deliver outstanding lifetime fuel burn, performance and reliability," said Ethiopian Airlines Chief Executive Tewolde Gebremariam.

Rolls-Royce shares were down 0.6% at 936.00 pence Wednesday morning.

By Steve McGrath; [email protected]; @stevemcgrath1

Copyright 2015 Alliance News Limited. All Rights Reserved.


Related Shares:

Rolls-Royce
FTSE 100 Latest
Value8,297.29
Change21.63