Matlinpatterson selects Rolls-Royce Trent 700S for first Americas A330 Freighter operation
Monday, 4 February 2008
Rolls-Royce today announced that MatlinPatterson Global Advisers LLC, through an affiiliate, has selected the Trent 700 to power a new fleet of six firm Airbus A330 freighters. The Trent 700 is the market leader on the A330 freighter with a 70 per cent share of orders. It is the quietest, cleanest and most fuel-efficient option on the A330 freighter, with the greatest operational capability. The fleet will be leased to certain MatlinPatterson portfolio companies.
The potential value of the contract to Rolls-Royce is over $500 million at list prices. The engines will be supported by Rolls-Royce under a long-term TotalCare® service agreement.
In addition, MatlinPatterson has agreed to terms for a TotalCare contract to support up to 15 RB211-535 powered Boeing 757 aircraft.
Lap Chan, Managing Partner at MatlinPatterson, said: “The Trent 700’s dominant market position, underpinned by clear advantages in reliability and operating cost made this a logical business decision. The evident residual value of the Trent 700, given its market position, made it the natural choice.”
Chris Cyr, Executive Vice President - Americas at Rolls-Royce commented: “We are delighted that MatlinPatterson selected Rolls-Royce to power its first widebody aircraft order. This marks a significant commitment by MatlinPatterson to its relationship with Rolls-Royce and complements its existing fleet of Rolls-Royce powered aircraft. The combination of Trent power and TotalCare aftermarket support represents a sound investment for MatlinPatterson.”