HNA Group signs contract for Rolls-Royce Trent 700 for Hong Kong Airlines’ A330 fleet
Friday, 27 February 2009
HNA Group and Rolls-Royce plc have today signed a contract for Trent 700EP engines to power Hong Kong Airlines’ new fleet of 20 Airbus A330s. The value of the contract, including a long-term TotalCare® services agreement, is approximately US$1.2 billion at list prices. A Memorandum of Understanding (MoU) outlining the contract was announced in January 2008.
HNA Group is a major shareholder in Hong Kong Airlines, which will become a new Rolls-Royce customer. The Group already operates Trent 700 powered A330-200 and Trent 500 powered A340-600 aircraft. The Trent 700 engines selected for Hong Kong Airlines are the latest Trent 700EP (Enhanced Performance) version, which feature improved fuel and lower emission levels. The airline will take delivery of its first A330 aircraft in 2010.
Liu Junchun, Executive Vice President of HNA Group, said: "Having experienced an excellent operational record with the Trent 700s currently in service with Hainan Airlines, the engine is clearly the best solution for Hong Kong Airlines' A330 fleet. Its outstanding reliability and operational flexibility mean it does not limit the routes that our aircraft can operate, giving us and our passengers maximum choice."
Steve Miller, Vice President of Civil Aerospace - China, at Rolls-Royce, added: "HNA Group is a major and fast growing airline group in China and this contract demonstrates the Group’s continuing confidence in the value and reliability of our products and the strength of our long term relationship. This is the launch of the Trent 700EP in China. The Trent 700EP will deliver HNA Group significant fuel savings."
The Trent 700 has consistently been demonstrated as the engine of choice for airlines operating the A330. The Trent 700 has secured over 70 per cent of the A330 market over the last three years. In China the Trent 700 has been selected thirteen times by nine customers to power a total of 155 A330s that are either in service or on order. The engine delivers outstanding levels of performance and offers the highest available thrust on the A330, maximising revenue generating capability. Latest technologies also give the engine class-leading fuel burn that translates into lower emissions.
- HNA Group is a major shareholder in Hong Kong Airlines.
- HNA Group has also have taken delivery of an order for ten leased Airbus A330 aircraft, powered by Trent 700, and is also leasing three Airbus A340-600s, powered by Trent 500.
- 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.
- Trent 700 is also the quietest and cleanest option on the A330, with the greatest margin to CAEP 4 legislation.
- The Trent 700EP (Enhanced Performance) version of the engine improves engine performance by reducing fuel burn by a further 1.3 per cent – confirming its position as the best for fuel burn as well as thrust and noise on the A330.
- Rolls-Royce is working hard to improve the environmental impact of its products. Each year Rolls-Royce, in collaboration with its partners, invests over £800 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.
- 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 sector, Rolls-Royce offer value-added long-term service agreements for customers and operators.
- Rolls-Royce is the leading supplier of engines to China’s wide body aircraft fleet, and with its associate company International Aero Engines has over 400 aircraft in service or on firm order.
- In addition to its aerospace business in China, Rolls-Royce has a marine manufacturing facility in Shanghai. Rolls-Royce compressors pump gas along the West-East Pipeline, one of China’s most important infrastructure projects. The Group also has a successful turbine component joint venture in Xian; and is growing its component and materials purchasing in China.