20th Jan 2011 07:00
20 January 2011
ROLLS-ROYCE WINS $250 MILLION LONG TERM TRENT 700 MAINTENANCE SUPPORT BUSINESS
FROM CATHAY PACIFIC
Rolls-Royce, the global power systems company, has won long term maintenance support business worth $250m from Cathay Pacific. The Group will provide TotalCare® long-term services support for Trent 700 engines that power eight new Airbus A330 aircraft. An enhanced engine refurbishment programme for RB211-524 engines that power existing Boeing 747-400 aircraft will also be delivered up to 2013.
Phil Harris, Rolls-Royce Civil Aerospace Senior Vice President, said: "We are delighted that Cathay Pacific has endorsed our long-term services support by extending its TotalCare® requirements to its entire A330 fleet. In addition it is committing to a major investment in its RB211-524 fleet which will ensure continued efficiency."
Christopher Gibbs, Engineering Director, Cathay Pacific Maintenance, said: "This contract will enable Cathay to realise the benefits of TotalCare® on the Trent 700 and ensure the efficient and reliable operation of our Rolls-Royce powered Boeing 747 fleet."
Cathay Pacific is currently Rolls-Royce's largest Trent 700 customer, operating 47 Airbus A330s with an additional seven deliveries scheduled up to 2013. Cathay was the launch customer for the Trent 700 EP (enhanced performance) retro-fit kit in 2009.
The Trent 700 is the only engine specifically designed for the Airbus A330 and over 1,300 are now in service or on firm order. The engine has captured more than 75 per cent of orders in the last three years, and in 2010 Rolls-Royce won 14 of the available 15 engine campaigns for the Airbus A330.
More than 90 per cent of Trent engines in service have TotalCare® support.
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 AlflattDirector of Financial CommunicationsRolls-Royce plcTel: +44 (0)20 7227 [email protected] relations:Josh RosenstockHead of Corporate CommunicationsRolls-Royce plcTel: +44 (0)20 7227 [email protected]
www.rolls-royce.com
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