Rolls-Royce completes $2.2 billion Trent order with TAM Airlines
Monday, 20 June 2011
Rolls-Royce, the global power systems company, has concluded a contract worth up to $2.2 billion at engine list prices, with TAM Airlines of Brazil, to provide Trent XWB engines for Airbus A350-XWB aircraft. The order includes a 12 year agreement for TotalCare® long-term services support.
This is the first time TAM has ordered engines from Rolls-Royce and follows a previous announcement of the aircraft order made by Airbus. TAM has placed an order for 27 A350-XWBs.
Libano Barroso, President of TAM Airlines said, “Our selection of this engine and aircraft combination is an integral step in our strategy to increase both our domestic and international route structure, responding to the rapidly developing capacity demands from and to Brazil. The operational capability and fuel efficiency of the latest generation in the Trent family will make this aircraft a significant addition to our fleet.”
Mark King, Rolls-Royce, President, Civil Aerospace said: “TAM has placed its trust in our world class technology by selecting the Trent XWB, which is the most fuel efficient large engine ever built. This order is underpinned by a comprehensive TotalCare engine maintainance package, which will help TAM maximise its use of our technology. We look forward to developing our relationship with TAM Airlines as these aircraft enter service.”
The Trent XWB, specifically designed for the Airbus A350-XWB, is the fastest selling Rolls-Royce Trent engine offering 28 per cent better fuel efficiency than pre-Trent generation engines.
More than 1,100 Trent XWB engines have been sold to 36 customers, with current orders extending beyond 2020.
- Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,500 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
- Annual underlying revenues were £10.8 billion in 2010, of which more than half came from the provision of services. The firm and announced order book stood at £59.2 billion at 31 December 2010, providing visibility of future levels of activity.
- Rolls-Royce employs over 39,000 skilled people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
- In 2010, Rolls-Royce invested £923 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.
- Rolls-Royce has been present in Latin America for more than 50 years and continues to play a key role in the development of this important region in each of its four markets. Today the company holds 46 per cent market share in the civil aerospace widebody sector in Latin America.
- 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.
- In 2010, Rolls-Royce won a $100 million share of an order from TAM Airlines for V2500 engines to power ten Airbus aircraft, including a long-term engine service agreement.
- TAM Airline’s current Rolls-Royce fleet consists of 2 Trent 500-powered Airbus A340s, which were acquired in a previous airline transaction.
- TAM leads the Brazilian domestic airline market, flying to over 40 destinations in Brazil. Last year, TAM announced its intention to merge with Chilean operator LAN Airlines to form the LATAM Airlines Group. Once combined, LATAM will be one of the top 15 airlines in the world in terms of both passengers and revenue.