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You are here: Home > Civil > Civil Aerospace news > 2008 > Rolls-Royce expands services portfolio at Farnborough Airshow
Rolls-Royce has increased the strength of its future aftermarket revenues and extended its customer service offering, as a result of agreements reached at Farnborough Airshow this week.
It announced today a new joint venture with the Mubadala Development Company to provide on-wing care to its expanding Middle East fleet through Abu Dhabi Aircraft Technologies. The new company will join Rolls-Royce’s five other on-wing service centres in London, Hong Kong, Frankfurt, Indianapolis and Singapore, which support the company’s civil fleet of around 4,000 installed engines.
The company also announced agreements today with Qatar Airways and Jet Airways to support their Rolls-Royce powered Airbus A340 and Airbus A330 aircraft respectively.
Revenue from aftermarket services comprises 63 per cent of Rolls-Royce Civil Aerospace revenues. Today more than 55 per cent of the company’s modern jet engine fleet is covered by TotalCare® or CorporateCare® service agreements. With around 80 per cent of civil engine orders announced by Rolls-Royce in the last 18 months incorporating service arrangements, the proportion of fleet coverage will continue to rise, giving increased visibility of revenues.
“Our services activity continues to expand and is valued highly by our civil aviation customers,” says Miles Cowdry, President – Services. “As we extend our capabilities through engine health monitoring, predictive maintenance and on-wing care, we can deliver value for our customers and for Rolls-Royce.”
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