Last checked at 11 Jul 2012 07:00
11 July 2012 ROLLS-ROYCE WINS $280M TRENT ORDER FROM AVIANCA
Rolls-Royce, the global power systems company, has won an order worth $280m, at list prices, from Avianca, part of the AviancaTaca group, for Trent 700 engines to power four Airbus A330 freighter aircraft. The contract includes long-term TotalCare® services support.
The order confirms a Memorandum of Understanding announced in November 2011.
The four A330s will be operated by AviancaTaca subsidiary Tampa Cargo, which will establish Tampa Cargo as the first A330 freight operator in Latin America.
The AviancaTaca group currently operates seven passenger Trent 700-powered A330s, with another three of the aircraft on firm order.
Fabio Villegas, President and CEO, AviancaTaca, said: "The Trent 700 is the most fuel efficient, cleanest and quietest engine for the Airbus A330 and we are pleased to extend the engine's use to freight operations in the region."
Peter Turner, Rolls-Royce, Civil Aerospace Vice President - Customer Business, said: "The Trent 700 continues to be the most popular choice for Airbus A330 operators who want a reliable and cost-effective engine solution. We look forward to building on our already successful relationship with AviancaTaca."
The Trent 700, the only engine specifically designed for the Airbus A330, is the market leader for the aircraft, with more than 1,400 in service or on order. More than 90% of Trent engine operators have selected TotalCare support.
In June AviancaTaca joined the Star Alliance airline network. Rolls-Royce powers 60 per cent of the Alliance's current and future widebody aircraft.
Notes to Editors:
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 500 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 revenues were £11.3 billion in 2011, of which more than half came from the provision of services. The firm and announced order book stood at £62.2 billion at 31 December 2011, providing visibility of future levels of activity.
4. Rolls-Royce employs over 40,000 people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
5. In 2011, Rolls-Royce invested £908 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.
For further information, please contact:
Investors: Simon Goodson Director - Investor Relations Rolls-Royce plc Tel: +44 (0)20 7227 9237 simon.goodson@rolls-royce.com Media: Josh Rosenstock Director of External Communications Rolls-Royce plc Tel: +44 (0)20 7227 9163 josh.rosenstock@rolls-royce.com
www.Rolls-Royce.com
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