Rolls-Royce share of China Eastern V2500 order worth $400 million
Wednesday, 21 September 2011
Rolls-Royce, the global power systems company, has won a share of an order from China Eastern Airlines for V2500 engines to power 50 new Airbus A320 series aircraft. The contract includes a long-term engine maintenance agreement. The value of the contract to Rolls-Royce is over $400 million.
Deliveries will commence in August 2012 and continue to 2015 and China Eastern will employ the new V2500s to expand the capacity of its fleet.
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.
There are more than 5,500 V2500s in service or on firm order with nearly 200 customers around the world.
- 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 £61.4 billion at 30 June 2011, providing visibility of future levels of activity.