Virgin Atlantic signs $325 million aftermarket support agreement

Rolls-Royce has recently signed a long-term aftermarket support agreement with Virgin Atlantic covering the Trent 500 engines for the airline’s new fleet of long-range Airbus A340-600 aircraft.

The Total Care contract is valued at $325 million and provides powerplant cover for the fleet of 10 aircraft through to 2016.

Mike Terrett, President – Civil Aerospace, Rolls-Royce, said the agreement, ‘highlights the continuing trend towards aftermarket services provided at predictable costs through long term contracts. Around 40 per cent of all Trents in service are covered by Total Care agreements.’

Total Care reportedly allows airlines to select from a menu of support services and to customise their requirements. The agreement is translated into a fixed dollar rate per flying hour, giving operators complete visibility of maintenance costs and removing the need for large capital investment in overhaul facilities.