Rolls Royce scoops deals worth £1.4bn

Rolls Royce entrance, Watnall Road, Hucknall.
Rolls Royce entrance, Watnall Road, Hucknall.

Rolls Royce has announced that it has secured contacts worth more than one billion pounds.

The firm which has a base at Hucknall, netted two separate deals with Saudi Arabia’s national carrier, Saudia, and the Air Finance Corporation.

Rolls Royce say that the deals are worth £1.43 billion to the business which produces its Trent engines at their Derby headquarters.

Saudia’s deal is worth £830 million and includes an order for Trent 700 engines which will be used in 20 new Airbus A330 Regional aircraft. As part of the agreement with the carrier, Rolls Royce will also maintain the engines throughout their life of their service.

Saleh bin Nasser Al-Jasser, Saudi Arabian Airlines’ director general, said: “We’re pleased to be once again operating the Trent 700 for our latest aircraft. It offers excellent performance and reliability.”

Eric Schulz, Rolls-Royce’s president of civil large engines, added: ‘We welcome our customer’s continued confidence in the Trent 700 as the best solution for fuel burn, emissions and noise performance as well as delivering unrivalled reliability for Middle East operations.’

Air Finance Corporation(AFC) struck the second dealwhich is worth £600 million for the technology which will power the Airbus A330s.

Moulay Omar Alaoui, International AFC’s president and chief executive, said: ‘We selected the Trent 700 as the best solution in terms of economics and reliability.’

Rolls Royce say there are now more than 1,500 Trent 700 engines in service making them the largest Trent engine currently in service.