ROLE HLDG ADR : TUI Travel orders Rolls-Royce Trent 700 ...

Monday, 19 September 2011

Rolls-Royce, the global power systems company, has won a contract from leisure travel company TUI Travel PLC to provide Trent 700 engines to power two Airbus A330 aircraft which will also be covered by TotalCare? long-term support services.

The aircraft will be operated by TUI?s subsidiary Corsairfly and the contract also includes TotalCare? services for two additional A330s already in service with the airline.

Jacqui Sutton, Rolls-Royce, Civil Aerospace Senior Vice President ? Customer Business, said: ?The Trent 700 is a clear market leader.It is the most efficient engine on the A330, a position maintained by our constant investment in new technology. That technology, with comprehensive TotalCare? support, will deliver significant benefits to Corsairfly.

Pascal de Izaguirre, Managing Director, Corsairfly said: ?The Trent 700 has already proven itself on our existing A330-200s and this order is a sign of our continued confidence in Rolls-Royce product and services.?

The Trent 700 is the only engine specifically designed for the Airbus A330 and is the most fuel efficient, cleanest and quietest engine for the aircraft. It incorporates technology from the later Trent 900 and Trent 1000 engines, which has improved its fuel efficiency by a further one per cent.

More than 1,300 Trent 700 engines are now in service or on firm order and in the last three years the engine has captured more than 75 per cent of orders.

The aircraft are due to be delivered in 2012.

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 2,500 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
3. Annual underlying revenues were ?10.8 billion in 2010, of which more than half came from the provision of services. The firm and announced order book stood at ?61.4 billion at 30 June 2011, providing visibility of future levels of activity.
4. Rolls-Royce employs over 39,000 skilled people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
5. In 2010, Rolls-Royce invested ?923 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.
8. TUI Travel is a world-leading leisure travel company operating in over 180 countries with more than 30 million customers.

Source: http://www.clearingandsettlement.com/2011/09/role-hldg-adr-tui-travel-orders-rolls-royce-trent-700-engines/

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