Rolls-Royce Corporatecare poised for another record year
Wednesday, 26 September 2007
CorporateCare®, the Rolls-Royce business jet engine service program, continues to set new benchmarks in marketplace acceptance. With 115 contracts signed this year to date, the company is poised to surpass even last year?s record setting level of 165 signed contracts. Today, the company has over 625 aircraft under CorporateCare or other flight hour agreements, with contracts valued at more than $1.2 billion.
Stephen Friedrich, Director of Aftermarket, Rolls-Royce Corporate and Regional Aircraft said: "Individual corporate aircraft operators and corporate flight departments alike continue to recognize the value of the Rolls-Royce comprehensive engine care program. We are seeing our contracts actually outpace the strong aircraft delivery numbers in the market as more operators turn to and depend on the reliable services we offer.
CorporateCare provides the customer with predictable engine maintenance costs and transfers engine risk to Rolls-Royce, allowing operators to focus on their core business. Customers enrolled in CorporateCare benefit from higher aircraft residual values.
High-value services offered to CorporateCare customers include:
- The latest generation of Engine Health Monitoring services, recurrent publications revision service and the support of the Rolls-Royce Global Customer Services network;
- Guaranteed access to lease engines;
- Coverage of line replaceable parts exchange/replacement and all engine change expenses for scheduled and unscheduled events, wherever and whenever they occur;
- Complete coverage of expenses associated with qualified shop visits; and
- Access to aeromanager, the Rolls-Royce e-business portal for aerospace customers.
CorporateCare removes unpredictable costs associated with unscheduled events and reduces administrative burdens ? all crucial to operators controlling costs. Engine maintenance expenses are fixed with the Rolls-Royce standardized approach and engine maintenance and performance becomes the responsibility of the OEM.
Rolls-Royce offers CorporateCare for business jets powered by its AE 3007, Tay and BR710 engines. The program is available to support both new and in-service engines, and provides operators with significantly improved asset value.
- Rolls-Royce is the leading provider of propulsion system solutions for today's business jets, garnering 34 per cent of the market.
- Rolls-Royce corporate jet engine products include: the AE 3007, produced in Indianapolis, Indiana, powering the Embraer Legacy and Cessna Citation X; the Tay 611 series, manufactured in Dahlewitz, Germany, used on the Gulfstream G350 and G450; and the BR 710, also made in Dahlewitz, powering Bombardier?s Global 5000 and Global Express-XRS and the Gulfstream G500 and G550.
- The Corporate Business jet market has long been a successful element of the Rolls-Royce portfolio of aircraft engines. The number of business jet applications powered by Rolls-Royce, including joint-venture engines, has increased from one to 16 in the last decade. This includes aircraft built by Airbus, Bombardier, Cessna, Embraer, Gulfstream, Raytheon and Sino Swearingen.
- Rolls-Royce operates in four global markets - civil aerospace, defense aerospace, marine and energy. It is investing in technology and capability that can be used in each of these sectors to create a competitive range of products.
- Rolls-Royce invests more than $1.4 billion every year on Research and Development, two-thirds of which is aimed at improving the environmental performance of its products and operations. Over $240 million of this program is dedicated to innovative technology aimed at improving environmental performance.
- 2006 Annual sales were $14.8 billion, of which 53 per cent are services revenues. The order book at June 30, 2007, stood at $70.2 billion, which, together with demand for services, provides visibility as to future activity levels.