Rolls-Royce share of Sichuan Airlines V2500 order worth $100 million
Tuesday, 2 February 2010
Rolls-Royce, the global power systems company, has won a share of an order from Sichuan Airlines for V2500 engines to power 12 Airbus A320 aircraft currently on order. The order is worth $100 million to Rolls-Royce.
The contract includes a long-term engine service agreement for the aircraft, due to be delivered between 2011 and 2015. Sichuan’s current A320 family fleet of 61 aircraft in service and on order is exclusively powered by the V2500.
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. Nearly 6,000 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 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.
- 3. Annual underlying revenues were £9.1 billion in 2008, of which 52 per cent came from services revenues. The firm and announced order book stood at £57.5 billion at 30 June 2009, providing visibility of future levels of activity.