South African Airways signs new $180m-worth TotalCare service contract for Rolls-Royce Trent 700 engines

South African Airways signs new $180m-worth TotalCare service contract for Rolls-Royce Trent 700 engines

DERBY, UK, 12-Dec-2016 — /EuropaWire/ — South African Airways has signed a new TotalCare service order, worth $180m, for Trent 700 engines that power five Airbus A330 aircraft that are entering service.

The order was announced as UK Chancellor of the Exchequer Philip Hammond visited Pretoria, Johannesburg and Cape Town to showcase the UK’s commitment to forming stronger business ties.

The aircraft are in addition to six A330s the airline already operates – all powered by the Trent 700 with TotalCare. The engines are assembled at Rolls-Royce’s facility in Derby, UK.

Musa Zwane, South African Airways, Acting Chief Executive Officer, said: “We have had a good operating experience with the Trent 700 and look forward to it powering more of our aircraft in the future. TotalCare service is critical to us, ensuring our aircraft are available for service.”

Eric Schulz, Rolls-Royce, President – Civil Aerospace, said: “The Trent 700 continues to deliver outstanding economic performance and we are grateful to South African Airways for selecting our engines and TotalCare once again.”

Chancellor of the Exchequer Philip Hammond said: “Rolls-Royce is one of Britain’s world-leading success stories, exporting cutting-edge technology and manufacturing across the globe. This deal is another example of the close business ties between the UK and South Africa, further supporting jobs and economic growth in both countries.”

The Trent 700 delivers the best fuel burn, emissions and noise performance, resulting in market leadership on the aircraft. The engine has won more than 70 per cent of new orders over the last four years. In the A330 freighter market, the Trent 700 now accounts for 90 per cent of aircraft in service and on order.

More than 1,500 Trent 700s are now in service or on firm order, making it the largest in-service Trent engine.

South African Airways also operates nine Airbus A340 aircraft powered by the Trent 500.

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About Rolls-Royce Holdings plc

  1. The order announced today will result in an increase in the Group’s order book of $110m, in accordance with Group policy.
  2. Rolls-Royce’s vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
  3. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
  4. We have three common themes across all our businesses:
    • Investing in and developing engineering excellence
    • Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
    • Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.
  5. Annual underlying revenue was £13.4 billion in 2015, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £76.4 billion at the end of 2015.
  6. In 2015, 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 50,000 people in more than 46 countries. More than 16,000 of these are engineers.
  8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2015 we employed 228 graduates and 277 apprentices through our worldwide training programmes.

SOURCE: Rolls-Royce plc

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