Rolls-Royce wins a long term, multi-billion dollar servicing contract for Emirates Airline engines.
Rolls-Royce lands $2.2bn contract with Emirates Airline
The work will cover Rolls-Royce engines on Emirates' entire fleet of 70 Airbus A350 aircraft due for delivery later this decade, and comes as manufacturers increasingly look to after-market sales and maintenance support to increase revenues.
It will also provide a boost to the English firm after its civil aerospace division reported a 20 per cent fall in profits for last year, in part due to last November's Trent 900 engine failure on a Qantas Airways Airbus A380.
Emirates announced it has signed a long term contract valued covering Trent engines for the 70 Airbus A350 aircraft.
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This contract brings the airline's entire Rolls-Royce powered fleet of 128 aircraft under TotalCare® arrangements, Emirates said.
The "contract with Rolls-Royce is an important step in ensuring our A350 XWB engine's life cycle cost is managed effectively," said
Tim Clark, the president of Emirates.
Rolls-Royce said its long-term service agreements help minimise customer financial risk and enhance operational performance and reliability, allowing operators to concentrate on their core business.
The new contract announce today for A350 engines comes months after Rolls-Royce won a $1.2bn contract with Emirates, for Trent 700 engines powering 27 Airbus A330s and Trent 800 engines powering 21 Boeing 777s.