ROLLS-ROYCE HOLDINGS PLC Rolls-Royce has signed a service support agreement with Thomson Airways for RB211-535 engines that power the airline's Boeing 757 aircraft.
The service support agreement has been designed specifically for Thomson and will support the airline's Boeing 757 aircraft for the duration of their time in the fleet.
Thomson Airways, part of the TUI Group, is the airline for Thomson and First Choice, and is the UK's third largest airline. It has a fleet of 59 aircraft operating from 20 UK airports.
Jason Mahoney, TUI Group, Director Engineering & Maintenance, said: "Rolls-Royce has worked closely with us to develop this agreement, based around our operational, technical and financial needs."
Bruce Blythe, Rolls-Royce, Senior Vice President - Customers, said: "We are committed to ensuring operators effectively manage their engines through every stage of the engine life cycle and this fixed price overhaul solution is just one of the options we can provide to support this. Thomson Airways is a valued customer and we look forward to continuing to support the airline's Boeing 757 fleet."
The RB211-535 powers over 500 Boeing 757 aircraft around the world and 60 percent of Boeing 757 operators have selected the engine.
- Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
- Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems (RRPS). On 7 March 2014, Daimler announced their intention to exercise their option to sell their 50% share in RRPS to Rolls-Royce Holdings plc. On 16 April 2014, the valuation was agreed and the transaction is expected to complete within the coming months, subject to the usual regulatory approvals. On 6 May 2014 Rolls-Royce announced it had signed an agreement to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. On completion, expected before the end of December 2014, Rolls-Royce will receive a further £200 million for a 25 year licensing agreement.
- Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.
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Our business is focused on the 4Cs:
- Customer - placing the customer at the heart of our business
- Concentration - deciding where to grow and where not to
- Cost - continually looking to increase efficiency
- Cash - improving financial performance.
- Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £71.6 billion at 31 December 2013.
- In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.
- Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes.
For further information, please contact:
Bill O'Sullivan
Civil Aerospace Communications
Rolls-Royce plc
Tel +44 1332 246162
Email bill.osullivan@rolls-royce.com
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