Rolls-Royce Trent extends global customer base with $1.5BN in new orders and TotalCare® contracts

Monday, 4 February 2008

Rolls-Royce today announced that four customers in Europe, Asia and the US have selected three variants of the Trent aero engine family to power passenger and freighter aircraft. All the engines will be supported by TotalCare® contracts. The potential value of the business is worth more than $1.5 billion at list prices to Rolls-Royce.

This brings the total amount of Trent engine and TotalCare business for Airbus and Boeing aircraft announced since the start of 2008 to more than $5.5 billion. Aircraft deliveries are scheduled to begin between 2009 and 2016.

Mark King, President – Civil Aerospace, said: ”The importance of the orders we have received already this year is that they give us continued visibility of the future shape of the civil aerospace business in terms of production and long-term service agreements.

”They also demonstrate the success of our consistent strategy. We continue to grow our installed base by offering operators new and proven technology supported by innovative TotalCare packages.”

Two of the new orders are for Trent 700s to power A330 Freighter aircraft from MatlinPatterson Global Advisors LLC of the US and Turkey’s MNG Airlines, confirming the engine’s position as the market leader with 70 per cent of orders.

MatlinPatterson, through an affiliate, is acquiring six freighters for leasing to some of its aerospace portfolio companies. With TotalCare, the value of the business is more than $500 million at list prices.

MNG Airlines, Turkey’s leading cargo operator, has chosen the Trent for two firm and one option A330 Freighters, with a potential value of $180 million at engine list prices, including a TotalCare contract. This is also the first Trent order from Turkey.

Spanish flag carrier Iberia has confirmed Trent 500s to power an additional three firm and three option Airbus A340-600s, which would bring the airline’s Rolls-Royce powered A340 fleet to 19 aircraft if all the options are exercised. The potential value of this additional business at list prices, including TotalCare, is $600 million.

Bangkok Airways has placed orders for four firm and two option A350 XWB aircraft powered by the Trent XWB to power up to six A350 XWB aircraft. With TotalCare, the value of the business at list prices is up to $250 million.

Details of Trent business announced so far this year are as follows:

2008Order DetailsValue
4 JanuaryAir Astana selects Trent 1000 for three firm Boeing 787s in addition to purchase rights for three more aircraft$90 million
8 JanuaryThai Airways International selects Trent 700 for eight A330-300s, with TotalCare$500 million
22 JanuaryAir Europa selects Trent 1000s for eight Boeing 787-8s, withTotalCare$560 million
22 JanuaryLAN Airlines of Chile selects Trent 1000s for six Boeing 787-9s leased from International Lease Finance Corp

*See ILFC July 6 2007

22 JanuaryChina Airlines selects Trent XWB engines for up to 20 A350 XWB aircraft with TotalCare$1.3 billion
24 JanuaryHong Kong Airlines selects Trent 700 for 20 A330-30s with TotalCare$1.2 billion
29 JanuaryOman Air selects Trent 700s to power up to seven A330 aircraft with TotalCare$460 million
4 FebruaryMatlinPatterson selects Trent 700s for six A330 Freighters$500 million
4 FebruaryMNG Airlines selects Trent 700s for up to six A330 Freighters$180 million
4 FebruaryBangkok Airways confirms Trent XWB for up to six A350 XWB aircraft$250 million
4 FebruaryIberia confirms Trent 500s for six A340-600s(All four operators have chosen TotalCare contracts)$600 million

*Rolls-Royce announced that International Lease Finance Corporation (ILFC) chose Trent 1000 engines to power 40 of 74 Boeing 787 Dreamliners it has on order. The contract is valued at $1.3 billion at engine list prices.

  1. The Trent XWB is the only engine offered on the A350 XWB and a single version, with a thrust range of 74,000 - 92,000lb, will be capable of powering all variants of the aircraft. The engine will run for the first time in 2010, with flight testing on the A350 XWB starting in 2012.
  2. The Trent 700 is the only engine on the A330 that has been specifically designed for the aircraft, resulting in better lifetime performance, reliability and maintenance costs. It is also the quietest and cleanest option on the A330, with the greatest margin to CAEP 4 legislation. A programme of continuous improvement, involving the introduction of the latest Trent family technology to the Trent 700, will ensure increased benefits to customers, such as the lowest fuel burn of any engine on the aircraft.
  3. The Trent 500 is the sole powerplant on growth versions of the four-engined A340, which began commercial operations in 2002. It has been designed specifically to meet the requirements of the aircraft, with thrusts ranging from 53,000 lb to 56,000 lb. Nineteen customers have ordered 156 Trent 500-powered A340s.
  4. TotalCare, tailored for individual operators, offers a range of services from Rolls-Royce covering all aspects of asset management in support of its Civil Aerospace products. Building on the company’s knowledge, experience and infrastructure, these services include elements such as predictive maintenance, logistics management, and global repair and overhaul offerings. TotalCare can remove uncertainties from engine management and improve operational reliability for operators through a mutually aligned business relationship.
  5. Since 2001, 80 per cent of new Trent orders have included TotalCare.
  6. Rolls-Royce is working hard to improve the environmental impact of its products. Each year Rolls-Royce, in collaboration with its partners, invests around £750 million on research and development, two thirds of which has the objective of reducing the environmental impact of its products. This technology investment is primarily aimed at reducing noise and emissions.
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