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Rolls-Royce in $2bn engine orders | Rolls-Royce in $2bn engine orders |
(about 2 hours later) | |
UK engineering firm Rolls-Royce says it has won orders to make $2bn(£1.2bn) of aircraft engines to power Airbus planes for Air China and Ethiopian Airlines. | UK engineering firm Rolls-Royce says it has won orders to make $2bn(£1.2bn) of aircraft engines to power Airbus planes for Air China and Ethiopian Airlines. |
The orders were announced on the first day of the Dubai Airshow on Sunday. | The orders were announced on the first day of the Dubai Airshow on Sunday. |
The $1.5bn Air China order involves providing Trent 700 engines to power 20 A330 aircraft that will be delivered from 2011. | The $1.5bn Air China order involves providing Trent 700 engines to power 20 A330 aircraft that will be delivered from 2011. |
And the $480m Ethiopian order covers Trent XWB engines for 12 A350-900 XWB planes that will begin service in 2017. | |
It came after Ethiopian Airlines announced a $3bn aircraft order with Airbus. | |
The airline made an initial draft request for the dozen extra-wide bodied A350-900s in July and confirmed the deal at the air show, the biggest in the Middle East. | |
Best-selling engines | Best-selling engines |
Airlines have been hit hard during the recession, so the order for engines is welcome news for Rolls-Royce, which has factories in Derby and Bristol making engines, and one in Sunderland making areo-engine components. | Airlines have been hit hard during the recession, so the order for engines is welcome news for Rolls-Royce, which has factories in Derby and Bristol making engines, and one in Sunderland making areo-engine components. |
The Ethiopian order means Rolls-Royce has sold more than 1,000 of its best-selling XWB engines. | The Ethiopian order means Rolls-Royce has sold more than 1,000 of its best-selling XWB engines. |
The firm has said the XWB is the most fuel efficient and environmentally sensitive large engine design on the market, with fuel efficiency ratings 28% higher than pre-Trent generation engines. | The firm has said the XWB is the most fuel efficient and environmentally sensitive large engine design on the market, with fuel efficiency ratings 28% higher than pre-Trent generation engines. |
In the summer the firm said it was on track to meet its full-year financial targets, but warned that delays on the Airbus A380 and Boeing 787 wide-body programmes had added an element of uncertainty. | In the summer the firm said it was on track to meet its full-year financial targets, but warned that delays on the Airbus A380 and Boeing 787 wide-body programmes had added an element of uncertainty. |
However, the delays have created more demand for existing wide-body products, where it has a strong position. | However, the delays have created more demand for existing wide-body products, where it has a strong position. |