Rolls-Royce wins $750 million engine order

Rolls-Royce announced today that it has won an order worth around $450 million from Qatar Airways for Trent 500 engines to power up to ten long-range Airbus A340-600s.

Rolls-Royce announced at the Paris Air Show today that it had won an order worth around $450 million from Qatar Airways for Trent 500 engines to power up to ten long-range Airbus A340-600s.

The deal follows today’s announcement that Qatar Airways’ has placed orders for two A321 jets, 14 A330s and two A340-600s, currently the largest jet in the Airbus family. Qatar has options for another six A330s and another eight A340-600s.

The engines will be covered by a long-term TotalCare agreement valued at approximately $300 million. This takes the number of Trent 500 customers on TotalCare contracts to seven.

This is the first time Qatar Airways has selected Rolls-Royce power for its fleet, and delivery of the first aircraft is scheduled for summer 2006. The remainder of today’s order will be delivered between 2006 and 2011. The A340-600 is capable of flying non-stop from the airline’s base in Doha to the United States.

Rolls-Royce will book a further $8 million as its share of an additional order by Qatar Airways for V2500 engines to power two Airbus A321 twinjets. The V2500 is produced by the International Aero Engines consortium in which Rolls-Royce is a senior partner.