Rolls-Royce wins $9.2b engine order

Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai’s Emirates airline, providing a boost for the British company after a torrid year of profit warnings.

April 17, 2015

 


 


LONDON — Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai’s Emirates airline, providing a boost for the British company after a torrid year of profit warnings.



Rolls-Royce said the order was the largest in its history, pushing its shares up 2.1 percent to 1001 pence in early trading, making it one of the biggest gainers on the FTSE 100  index.



It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a joint venture of General Electric and Pratt & Whitney.



Announcing the deal at a joint press conference in London, attended by Rolls-Royce chief executive John Rishton and Emirates president Tim Clark, the companies said the aircraft in question would enter service from 2016.



The contract includes a long-term “Totalcare” package, which means Rolls-Royce will also provide service and maintenance to Emirates for the Trent 900 engines. — Reuters


April 17, 2015
HIGHLIGHTS
SAUDI ARABIA
hour ago

Health council fines 110 employers SR2.5 million for insurance violations

SAUDI ARABIA
3 hours ago

Saudi Arabia welcomes Portugal’s plan to recognize Palestine in September

BUSINESS
4 hours ago

Barq marks first year with 7 million users and SR73 billion in transactions, powering Saudi Arabia’s digital shift