SOURCE: Rolls-Royce; June 18, 2013
LE BOURGET, France, June 18, 2013 -- Rolls-Royce has won an order from Air Lease Corporation (NYSE: AL), worth $160 million at list prices, for Trent 1000 engines to power four Boeing 787-9 Dreamliner aircraft.
The order marks the first Trent 1000 selection by the US aircraft leasing company.
Steven Udvar-Hazy, Chairman and Chief Executive Officer, Air Lease Corporation, said: "This is ALC's first selection of Trent 1000 technology, which will power our 787-9 aircraft. We look forward to receiving these engines, which are demonstrating excellent operational performance and environmental efficiency and will help deliver real advantages to our customers."
Eric Schulz, Rolls-Royce, President – Civil Large Engines, said: "We are delighted that Air Lease Corporation has become a significant new customer for our Trent 1000 engine technology. The engine is the quietest and most efficient engine on the Dreamliner and has delivered a smooth 787 entry into service for customers on three continents."
The Trent 1000 was the first engine to power the 787 Dreamliner into service in October 2011 and has achieved more than 99.9 per cent engine dispatch reliability. It is also the launch engine for the Boeing 787-9 and has been selected to power Singapore Airlines 787-10X aircraft, subject to Boeing confirmation of the programme.
Notes to Editors:
1. ALC is an aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline partners worldwide through customized aircraft leasing and financing solutions. For more information, visit www.airleasecorp.com. ALC has previously selected Trent 700 and Trent XWB engines.
2. Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
2. As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
3. Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £60.1 billion at 31 December 2012, providing visibility of future levels of activity.
4. Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.
5. In 2012, Rolls-Royce invested £919 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.
6. Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.
7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.
For further information, please contact:
Civil Aerospace Communications
Tel 44 1332 246162
Email [email protected]
Air Lease Corporation Contacts:
Director, Strategic Planning and Investor Relations
Email: [email protected]
Laura St. John
Media and Investor Relations Coordinator
Email: [email protected]