OREANDA-NEWS. Rolls-Royce has been selected by International AirFinance Corporation (IAFC) to provide Trent 700 engines, worth \\$930m, 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.

Moulay Omar Alaoui, International AirFinance Corporation, President and CEO, said: “We selected the Trent 700 as the best solution in terms of economics and reliability.”

Eric Schulz, Rolls-Royce, President – Civil Large Engines, said: “We welcome our customer’s 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.

About Rolls-Royce Holdings plc

  1. This Original Equipment order will result in an increase in the Group’s order book of \\$930m, in accordance with Group accounting policy and is linked to the TotalCare® 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.
  2. 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.
  3. 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.
  4. Our business is focused on the 4Cs:
    • Customer – placing the customer at the heart of our business
    • Concentration – deciding where to grow and where not to
    • Cost – continually looking to increase efficiency
    • Cash – improving financial performance.
  5. Annual underlying revenue was ?14.6 billion in 2014, around half of which came from the provision of aftermarket services. The firm and announced order book stood at ?73.7 billion at the end of 2014.
  6. 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.
  7. Rolls-Royce employs over 54,000 people in more than 50 countries. Over 15,500 of these are engineers.
  8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2014 we employed 354 graduates and 357 apprentices through our worldwide training programmes. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.