Egyptair selects Rolls-Royce Trent 700 and TotalCare for up to Eight A330s

Released on Friday, March 14, 2008

EgyptAir has selected the Rolls-Royce Trent 700 to power an additional fleet of up to eight Airbus A330s, due for delivery from 2011. Including a TotalCare® long-term services agreement, the contract is valued at around $500 million at list prices.

The airline already operates a fleet of seven Trent 700-powered A330s and 16 Airbus A320-family aircraft powered by the V2500, which is made by the IAE (International Aero Engines) consortium in which Rolls-Royce is a leading shareholder.

As part of the new agreement, Rolls-Royce has agreed to establish a jointly-owned management services company in Cairo. It will provide EgyptAir with support for its new engine workshop, as well as data management, and technical and logistics services for engines, including the Trent 700 and V2500.

Abdel Aziz Fadel, Chairman and CEO of EgyptAir M&E said: "Our experience with the existing fleet of Trent 700-powered A330s has been excellent and we have been especially impressed with the engine's performance in the hot, sandy conditions we operate in at Cairo. Rolls-Royce has shown it is sensitive to our in-service support needs and we are delighted to be extending our existing relationship with the company through its involvement in our maintenance and overhaul facility."

Jim Sheard, Senior Vice-President - Airlines, Rolls-Royce plc, added: "We have worked closely with EgyptAir to find a solution that meets their requirements and we're looking forward to a closer working relationship in the future. As the original equipment manufacturer, we are in the ideal position to provide an unrivalled level of support to customers throughout the lifetime of our products. This is a solution that works for all parties."

The Trent 700 holds a dominant position on the A330 with a 53 per cent market share and has an unprecedented record of 100 per cent of follow-on orders from A330 customers. Including this agreement, 11 customers have placed additional orders for the Trent 700 following an initial fleet purchase.