Trent 700 Engines Selected by Turkish Airlines

RNS Number : 9461G

Rolls-Royce Holdings plc

09 March 2015

 



9 March 2015

ROLLS-ROYCE TRENT 700 ENGINES WORTH $300M SELECTED BY TURKISH AIRLINES

Rolls-Royce has been selected by Turkish Airlines to supply Trent 700 engines and long-term TotalCare® service support, worth $300 million, to power four Airbus A330 freighter aircraft.

The airline already operates 11 A330ceo passenger and five A330 freighter aircraft powered by the Trent 700.

Dominic Horwood, Rolls-Royce, Chief Customer Officer - Civil Large Engines, said: "This is further demonstration of the market's continued demand for both the A330 and the Trent 700. We are proud that Turkish Airlines has continued to demonstrate its confidence in the Trent 700's ability to deliver outstanding economic performance."

The Trent 700 delivers the best fuel burn, emissions and noise performance, resulting in market leadership on the aircraft. The engine has won more than 60 per cent of new orders over the last three years and accounts for a similar percentage on future A330ceo deliveries. In the A330 freighter market, the Trent 700 now accounts for 90 per cent of aircraft in service and on order.

More than 1,500 Trent 700s are now in service or on firm order, making it the largest in-service Trent engine.

TotalCare® agreements minimise customer financial risk and enhance operational performance and reliability, allowing operators to concentrate on their core business.

About Rolls-Royce Holdings plc

1.   The order announced today will result in an increase in the Group's order book of $200 million, in accordance with Group accounting policy.

2.   Rolls-Royce's vision is to create better power for a changing world via two main business divisions, Aerospace and Land & Sea. These business divisions address markets with two strong technology platforms, gas turbines and reciprocating engines. Aerospace comprises Civil Aerospace and Defence Aerospace. Land & Sea comprises Marine, Nuclear and Power Systems.

3.   Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.

4.   Our business is focused on the 4Cs:

·     Customer - placing the customer at the heart of our business

·     Concentration - deciding where to grow and where not to

·     Cost - continually looking to increase efficiency

·     Cash - improving financial performance.

5.   Annual underlying revenue was £14.6 billion in 2014, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £73.7 billion at the end of 2014.

6.   In 2014, Rolls-Royce invested £1.2 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

7.   Rolls-Royce employs over 54,000 people in more than 50 countries. Over 15,500 of these are engineers.

8.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2014 we employed 354 graduates and 357 apprentices through our worldwide training programmes. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.

For further information, please contact:

Investors:                                                                    Media:

Jilinda Crowley                                                         Richard Wray

Acting Director - Investor Relations                           Director of External Communications

Rolls-Royce plc                                                          Rolls-Royce plc

Tel: [phone]                                           Tel: [phone]

[e-mail]                                [e-mail]

www.Rolls-Royce.com

 

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