Sunday 7 February 2016

NORWAY: Rolls-Royce, Norwegian Air Shuttle Sign $2.7 billion Engine Deal

Rolls-Royce announced a $2.7 billion contract to provide engines for 19 of budget carrier Norwegian Air Shuttle’s new Boeing 787 Dreamliner aircraft.

Rolls-Royce said in a press release that the deal will provide Trent 1000 engines and a specialized “TotalCare” package that offers long-term maintenance of the engines.

Rolls-Royce said the order also includes TotalCare for Trent 1000 engines that will power 11 previously-announced leased Boeing 787s yet to enter service.

Norwegian CEO Bjorn Kjos said:

“This decision further develops our relationship with Rolls-Royce and we look forward to operating aircraft powered by the latest version of the Trent 1000, which sets new standards of performance.”

Eric Schulz, Rolls-Royce, President – Civil Aerospace, said:

“This is another significant decision in favour of the Trent 1000, an engine that delivers exceptional economics and performance. We continue to innovate and develop new services and it is great to see Norwegian selecting Availability Service Solutions for their TotalCare as part of this deal.”

Norwegian has option for ten additional aircraft and if confirmed, they will be equipped with Trent 1000 engines.

Ethiopian Airlines previously selected Rolls-Royce Trent 1000 engines and long-term TotalCare support, valued at $500m, to power the carrier’s six 787-8 Dreamliner airliners. In October, Israel’s flag carrier airline El Al selected Rolls-Royce Trent 1000 engines to power 15 Boeing 787 Dreamliner aircraft, which the airline ordered.

Norwegian Air Shuttle deal is positive news for Rolls-Royce, which has seen its share price tumble by more than a third over the last year.

Rolls-Royce is in the middle of a shake-up under new chief executive Warren East.

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