Rolls-Royce wins $110m share of Dubai Aerospace Enterprise order
Monday, 16 November 2009
Rolls-Royce, the global power systems company, has won a $110m share in an order from DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), for V2500 engines.
The engines will power 20 Airbus A320 family aircraft, part of a 70-aircraft order the leasing company announced in July 2008. Deliveries are scheduled to begin in 2011.
The V2500 is produced by the International Aero Engines consortium (IAE) in which Rolls-Royce is a senior shareholder. IAE’s other partners are Pratt & Whitney, the Japanese Aero Engines Corporation and MTU Aero Engines.
The 22,000 - 33,000lb thrust V2500 powers the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner. More than 5,500 V2500 engines are in service or on firm order worldwide.
- Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy. In each of these sectors Rolls-Royce offers value-added long-term service agreements for customers and operators.
- In 2008, Rolls-Royce and its partners invested £885 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.