Rolls-Royce wins $350 million order from Egyptair

Monday, 8 November 2010

Rolls-Royce, the global power systems company, has won an order worth $350m from Egyptair for extended TotalCare® long-term services for 12 Airbus A330 aircraft.

Egyptair currently operates eight A330s and four are due to be delivered in 2010 and 2011.

Metin Oktay, Rolls-Royce Civil Aerospace Vice President – Africa, said: “We are delighted that Egyptair has once again demonstrated their confidence in Rolls-Royce. The combination of the Trent 700 and the TotalCare® support package delivers significant reliability and performance benefits to enhance their operation.”

Abdel Aziz Fadel, Chairman and Chief Executive Officer Egyptair Maintenance and Engineering, said: “The Trent 700 has proven itself in service as an effective solution for our A330 fleet in terms of both economics and the environment, proving itself particularly resilient when operating in hot or high altitude locations.”

Alaa Ashour, Chairman and Chief Executive Officer of EgyptAir Airlines, said: “Our extension of TotalCare® is a reflection of the value we place on the service, which allows us to predict and fully manage costs.”

The Trent 700 is the only engine specifically designed for the Airbus A330 and over 1,000 are now in service or on firm order. The engine has captured more than 75 per cent of orders in the last three years. More than 90 per cent of Trent engines in service have TotalCare® support.

This year is the 50th anniversary of the first Rolls-Royce jet engine going into service in Egypt, an Avon.

  1. 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.
  2. As a result of this strategy, Rolls-Royce today has a broad customer base comprising more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
  3. Rolls-Royce employs 39,000 skilled people in offices, manufacturing and service facilities in 50 countries. The Group has a strong commitment to apprentice and graduate recruitment, and to further developing employee skills.
  4. In 2009, Rolls-Royce invested £864 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.
  5. Annual underlying revenues were £10.1 billion in 2009, of which about half came from services revenues. The firm and announced order book stood at £58.4 billion at 30 June 2010, providing visibility of future levels of activity.

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