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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holding PLC    RR.   GB00B63H8491

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Rolls Royce : joins celebrations as Cathay Pacific becomes latest operator of the A350 XWB

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05/30/2016 | 04:07pm CEST

Monday, 30 May 2016

Rolls-Royce today joined celebrations to mark Cathay Pacific Airways becoming the first airline in the Greater China region to operate the Airbus A350 XWB, powered by the world's most efficient large aero engine, the Trent XWB.

The first aircraft arrived in Hong Kong on 29 May, and will enter into service on 1 June, marking another milestone in the success of the Trent XWB, the latest member of Rolls-Royce's widely acclaimed Trent family.

Growth markets including Greater China play an important role in Rolls-Roycegrowing its share of the installed widebody fleet. The Chinese civil aviation sector has grown significantly over the past two decades, since the first Trent 700 engine was delivered to Cathay Pacific in 1995. Today, 20 per cent of Trent engine orders come from operators in Greater China.

Paul Freestone, Rolls-Royce, Senior Vice President, Greater China Customer Team - Civil Aerospace, said: 'It is a great pleasure to celebrate the arrival of the first A350 XWB to Hong Kong with Cathay Pacific and Airbus today. The Trent XWB has proven to be highly reliable and efficient since it entered commercial service last year. We are proud to partner with Cathay Pacific, a hugely valued customer for over forty years, as it begins its exciting new journey with this outstanding aircraft.'

Cathay Pacific has ordered a total of 22 A350-900 aircraft and 26 A350-1000 aircraft. Its Rolls-Roycepowered fleet also includes the A330, the Boeing 747, and the Boeing 777.

The Rolls-RoyceTrent XWB is the only engine that powers the A350 XWB and more than 1,600 engines have already been sold to 42 customers. It delivers a 25 per cent fuel burn improvement compared to previous generation aircraft. The Trent XWB is also one of the quietest engines that Rolls-Roycehas ever produced for the widebody market.

About Rolls-RoyceHoldings plc

  1. 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.
  2. Rolls-Royce has customers in more than 120 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.
  3. 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.
  4. 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.
  5. 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-Royceengineers at the forefront of scientific research.
  6. Rolls-Royce employs over 50,000 people in more than 46 countries. Nearly 15,700 of these are engineers.
  7. 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.

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Rolls-Royce Holdings plc published this content on 30 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2016 14:06:02 UTC.

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