Rolls-Royce wins order from CIT to power 23 aircraft

Wednesday, 22 May 2013

Rolls-Royce has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft.

The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order.

Jeff Knittel, Chief Executive Officer, CIT Transportation Finance, said: "As one of the largest aircraft lessors in the world, we strive to provide our customers with the most fuel efficient, technologically advanced products. The Trent family of engines has proven to be reliable in offering high fuel and operating efficiency, and it remains in high demand among our global customer base."

Eric Schulz, President - Civil Large Engines, Rolls-Royce, said: "CIT is a valued customer and we are delighted that it has again put its trust in our industry-leading technology. This order underscores the market-leading position of the Trent 700, and reflects our ability to deliver a Trent XWB engine that has already proven itself in test flights to be the most efficient large aero engine flying today."

The Trent XWB, specifically designed for the Airbus A350, is the fastest selling Trent engine ever, with more than 1,200 already sold. The engine variant that will power the A350-800 and -900 was awarded European Aviation Safety Agency (EASA) type certification in February. The engine will power the first flight of the Airbus A350 XWB this year and the aircraft’s first in-service flight in 2014.

The Trent 700 is the only engine specifically designed for the Airbus A330 and more than 1,400 Trent 700 engines are either in service or on order. The engine is the market leader on the Airbus A330 and has won 70 per cent of new orders over the last four years.

  1. 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.
  2. As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
  3. Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £60.1 billion at 31 December 2012, providing visibility of future levels of activity.
  4. Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.
  5. In 2012, Rolls-Royce invested £919 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.
  6. Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.
  7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.
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