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Saudi Arabian Airlines, Rolls-Royce Ink $1.3 Billion Order

21.07.2015 Aviation
Saudi Arabian Airlines, Rolls-Royce Ink $1.3 Billion Order

Saudi Arabian Airlines, Rolls-Royce Ink $1.3 Billion Order

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Rolls-Royce has been selected by Saudi Arabian Airlines (Saudia), the national carrier of Saudi Arabia to provide long-term TotalCare® engine service support, worth $1.3 billion, for 20 Airbus A330 Regional aircraft.

The Trent 700 is the clear market leader on the A330 with more than 60 per cent of new orders over the last three years. The Trent 700 now accounts for 90 per cent of A330 freighters in service and on order.

The airline will operate the 20 aircraft in addition to the 12 A330s currently in service, also powered by the Trent 700.

Saleh bin Nasser Al-Jasser, Saudi Arabian Airlines’ Director General, said: “We are pleased to be once again operating the Trent 700 for our latest aircraft. It offers excellent performance and reliability.”

Eric Schulz, Rolls-Royce, President, Civil Large Engines, said: “We welcome our customer’s continued confidence in the Trent 700 as the best solution for fuel burn, emissions and noise performance as well as delivering unrivalled reliability for Middle East operations.”

More than 1,500 Trent 700s are now in service or on firm order, making it the largest in-service Trent engine.

This linked TotalCare® order will result in an increase in the Group’s order book of $460 million, in accordance with Group accounting policy and is related to the Original Equipment order announced today. The value of the contract is consistent with the disclosures set out in the recent market update issued by Rolls-Royce Holdings plc on 6 July 2015.

Rolls-Royce’s vision is to create better power for a changing world via two main business divisions, Aerospace and Land & Sea. These business divisions address markets with two strong technology platforms, gas turbines and reciprocating engines. Aerospace comprises Civil Aerospace and Defence Aerospace. Land & Sea comprises Marine, Nuclear and Power Systems.

Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.

In 2014, Rolls-Royce invested £1.2 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.

Rolls-Royce employs over 54,000 people in more than 50 countries. Over 15,500 of these are engineers.

 
 



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