Rolls-Royce reaches $360 million agreement with Etihad Airways
Tuesday, 21 June 2011
Rolls-Royce, the global power systems company, has reached an agreement with Etihad Airways, the national airline of the United Arab Emirates, to provide long-term engine services and performance enhancement kits worth a total of $360 million.
The Abu Dhabi-based airline will receive TotalCare® services for Trent 700 engines that power four Airbus A330 aircraft. It will also extend an existing contract covering the same engines that power 20 more of its A330 fleet.
In addition, the airline will introduce Enhanced Performance (EP) kits on 30 of its Trent 700s, which will increase their fuel efficiency by more than one per cent per engine and reduce CO2 emissions by 800 tonnes per aircraft per year.
The Chief Executive Officer of Etihad Airways, Mr James Hogan, said: “This is an extension of a long term partnership between Etihad and Rolls-Royce, which will result in greater fuel efficiency and cost savings. Environmental performance is a key consideration for Etihad so we are particularly pleased to be introducing the EP kits on our Rolls-Royce engines.”
Mark King, Rolls-Royce, President – Civil Aerospace, said: “Our aftermarket services are designed to offer real value to customers as they manage their fleets. We are committed to continual improvement of our engines and our EP kits extend the Trent 700’s industry-leading position as the most efficient engine on the A330.”
The Trent 700, the only engine designed specifically for the A330, has won more than 75 per cent of orders in the last three years and more than 1,300 are now in service or on order.
TotalCare® long-term service agreements, in place on 90 per cent of Trent engines in service, are designed to maximise engine availability to improve airline operational performance and reliability.
- 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 supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.