Rolls-Royce wins $450m Trent 1000 order from AerCap

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Rolls-Royce wins $450m Trent 1000 order from AerCap

22 January 2018

Rolls-Royce has won an order from aircraft lessor AerCap for Trent 1000 engines to power ten Boeing 787 Dreamliner aircraft. The deal is valued at $450m at list prices1. In addition, AerCap has options for a further five Trent 1000-powered 787s.

The aircraft will be powered by the latest version of the Trent 1000, the Trent 1000 TEN (Thrust, Efficiency and New Technology). This engine incorporates technologies from the Trent XWB and Advance engine programmes contributing to the Dreamliner achieving a 20 per cent greater efficiency than the aircraft it replaces, as well as having half the noise footprint of previous-generation aircraft.

The Trent 1000 TEN, which will power all variants of the Boeing 787, entered service in November last year.

Philip Scruggs, President and Chief Commercial Officer, AerCap, said, “We are pleased to provide our customers with the most modern, fuel efficient aeroplanes and engines in the world. We look forward to receiving further 787 Dreamliners powered by this latest version of Trent 1000, the Trent 1000 TEN engines.”

Dominic Horwood, Rolls-Royce, Director – Customers and Services, Civil Aerospace, said: “We are proud to have AerCap, a global leader in the lessor market, order further Trent 1000 engines as our latest variant goes into service. We continue to see customers recognise the economic benefits of our engine and its service support. ”

The Trent 1000 has powered the first flight of every version of the Dreamliner – the 787-8, 787-9 and 787-10.

About AerCap

AerCap is the global leader in aircraft leasing with, as of September 30, 2017, 1,506 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.

About Rolls-Royce Holdings plc

  1. The order announced today will result in an increase in the Group’s order book of $450m, in accordance with Group policy as set out in our Annual Report 2016. We measure our order book in line with industry practice; however, its value may not be reflective of future revenue. We measure it at our long-term planning exchange rate (LTPR) and list prices and include both firm and announced orders. We only include the revenue from long-term aftermarket contracts that would be recognised in the seven years from the date of announcement.
  2. Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to our planet’s vital power needs.
  3. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
  4. Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £82.7 billion at the end of June 2017.
  5. In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
  6. Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
  7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.

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