Rolls-Royce and Cathay Pacific agree lifetime Totalcare services deal
Monday, 10 February 2014
Rolls-Royce and Cathay Pacific have agreed a TotalCare® support contract for Trent 700 engines that power Cathay Pacific group's 60 Airbus A330 aircraft in-service and on-order with Cathay Pacific group airlines. The contract will run for as long as Cathay Pacific and its sister company Dragonair operate the Trent-powered A330s.
Cathay Pacific became the first airline to operate any Trent engine when its Airbus 330s entered service in 1995 and today it is the largest Rolls-Royce Trent 700 customer.
Phil Harris, Rolls-Royce, Senior Vice President - Customers, said: "We are delighted that Cathay Pacific has extended its TotalCare requirements for its entire A330 fleet, continuing a relationship that is part of the fabric of the Trent engine story."
Christopher Gibbs, Cathay Pacific, Engineering Director, said: "This contract will enable Cathay Pacific to realise the benefits of TotalCare on the Trent 700 as part of our continued drive to maximise aircraft availability and efficiency."
The Trent 700 is the only engine specifically designed for the Airbus A330 and over 1,500 are now in service or on firm 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.
- 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 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.
- 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 £69.2 billion at 30 June 2013, providing visibility of future levels of activity.
- Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in 45 countries. Over 14,000 of these employees are engineers.
- 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.
- 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.