Rolls-Royce has been selected by Philippine Airlines to deliver Trent 700 engines, worth $1.4 billion at list prices, to power 20 Airbus A330 aircraft.
This is the first selection of Trent engines by Philippine Airlines and also includes long-term TotalCare® service support.
The Trent 700 is the market leading engine for the Airbus A330, and has won 70 per cent of new orders over the last four years. The engines will power aircraft that were announced by Airbus in 2012.
Ramon Ang, President and Chief Operating Officer, Philippine Airlines, said: "After a thorough evaluation of our options, the Trent 700 is the best solution for our fleet expansion. The engine will provide market-leading environmental performance, with low emissions, noise and fuel burn. The level of support offered by Rolls-Royce through TotalCare provides us with the ideal opportunity to effectively manage our engine maintenance and overhaul costs."
Eric Schulz, Rolls-Royce, President - Civil Large Engines, said: "We are very pleased to welcome Philippine Airlines into the family of Rolls-Royce engine operators. We look forward to a long and successful relationship with Philippine Airlines as we deliver Trent 700s that will power its A330 fleet in the exciting and fast-growing Asia-Pacific market, supported with a comprehensive TotalCare package."
Source: Rolls-Royce Plc (LSE: RR.L)
Date: Jun 20, 2013