Rolls Royce wins order Trent XWB engines from the US
Rolls-Royce, the FTSE 100 engineering giant, has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft.
Rolls-Royce, the FTSE 100 engineering giant, has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft.
The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order, the firm added.
The Trent 700 is the only engine specifically designed for the Airbus A330 and more than 1,400 Trent 700 engines are either in service or on order.
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 engine is the market leader on the Airbus A330 and has won 70% of Rolls-Royce's new orders over the last four years.
It will power the first flight of the Airbus A350 XWB this year and the aircraft's first in-service flight in 2014.
"This order underscores the market-leading position of the Trent 700, and reflects our ability to deliver a Trent XWB engine that has already proven itself in test flights to be the most efficient large aero engine flying today," the group said.
NR
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap