Rolls-Royce secures one billion-dollar contract with Japanese airline Skymark
Rolls-Royce has signed a one billion-dollar contract, at list prices, with Japan's Skymark Airlines for Trent 900 engines to power six Airbus A380 aircraft.
Rolls-Royce has signed a one billion-dollar contract, at list prices, with Japan's Skymark Airlines for Trent 900 engines to power six Airbus A380 aircraft.
The Trent 900 order, which follows the announcement of a letter of intent for the engines in September 2011, includes long-term TotalCare service support.
The aircraft are expected to enter into service in 2014.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The airline has also signed a letter of intent for Trent 700 engines to power up to 10 leased Airbus A330s, including TotalCare.
The aircraft will be the first A330s in Skymark's fleet and will enter into service in 2014.
Skymark is a new customer for Rolls-Royce and the only carrier in Japan to select both the Trent 900 and Trent 700.
Bruce Blythe, Rolls-Royce, Senior Vice President - Civil Aerospace, commented: "We are delighted Skymark Airlines is putting its trust in our technology and support services. This latest order and letter of intent reinforces the market leading positions of these Trent engines."
MF
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published