Rolls-Royce Lands USD$720 Mln Virgin Deal

October 30, 2009

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British engine maker Rolls-Royce said on Friday it had won a USD$720 million deal to supply Trent 700 engines for 10 aircraft belonging to Richard Branson's Virgin Atlantic.

Deliveries will commence in 2011, with Rolls-Royce powering six new Airbus A330s ordered by Virgin Atlantic, which has a total of 38 aircraft in its fleet. The remaining orders will be fitted to four aircraft Virgin is leasing from AerCap.

The engines are worth USD$720 million at list prices.

Rolls Royce reported a 9 percent rise in underlying first-half profit in July.

(Reuters)