Rolls-Royce To Power Etihad Fleet Expansion
tThe title of this post, is the same as that of this press release from Rolls-Royce.
These two paragraphs form the heart of the announcement.
Rolls-Royce (LSE: RR., ADR: RYCEY) welcomes announcement by Etihad Airways that it will expand its widebody fleet with aircraft powered by Trent 7000 and Trent XWB-97 engines.
At this week’s Dubai Airshow, the Middle Eastern carrier announced its intention to select 15 Airbus A330 Neo powered by the Trent 7000; seven Airbus A350-1000 powered by the Trent XWB-97; and 10 Airbus A350F freighter variants also powered by the Trent XWB-97.
Note.
- 32 twin-engined aircraft will need more than 64 engines, if you include spares.
- A 2014 list price of $37.9 million per Trent 7000 engine is a reference point.
- The contract would probably include a number of years of ongoing maintenance.
That is certainly what you could call a multi-billion dollar contract.
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