Rolls signs $250 million deal with Air Canada

Rolls-Royce has signed a $250 million, 15-year agreement with Air Canada for the maintenance of Trent 772B engines, which power the airline’s eight Airbus A330-300 aircraft.

Air Canada launched its A330 service in October 1999 and currently operates eight A330 aircraft between major Canadian and European cities, including Toronto, Montreal, London, Paris and Frankfurt.

The Trent 700 entered service on the A330 in March 1995 and is currently in service with 17 airlines worldwide. Orders by a total of 22 airlines and leasing companies bring the Trent 700’s share of the A330 market to 36%.

New civil aftermarket business announced by Rolls-Royce in 2001 is valued at over $2 billion. In the past five years, Rolls-Royce has more than doubled its market share of repair and overhaul on its civil engines to 56%. Revenues from aftermarket and associated services currently account for 40% of the company’s turnover.

With an order for up to 15 aircraft, Air Canada is also among the launch customers for the new Airbus A340-500/-600 aircraft powered by Rolls-Royce Trent 500 engines.

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