Rolls-Royce wins $350 million order from Egyptair

Rolls-Royce announced today that it has won an order worth $350m from Egyptair for extended TotalCare® long-term services for 12 Airbus A330 aircraft.
Egyptair currently operates eight A330s and four are due to be delivered in 2010 and 2011.
The announcement - which comes amid remaining investors' concerns raised since one of Rolls-Royce's engines broke apart on a Qantas flight last Thursday - helped stem some of the 3.4%  losses seen in today's early trading of Rolls-Royce shares.
Metin Oktay, Rolls-Royce Civil Aerospace Vice President – Africa, said: “We are delighted that Egyptair has once again demonstrated their confidence in Rolls-Royce. The combination of the Trent 700 and the TotalCare® support package delivers significant reliability and performance benefits to enhance their operation.”
Abdel Aziz Fadel, Chairman and Chief Executive Officer Egyptair Maintenance and Engineering, said: “The Trent 700 has proven itself in service as an effective solution for our A330 fleet in terms of both economics and the environment, proving itself particularly resilient when operating in hot or high altitude locations.”
Alaa Ashour, Chairman and Chief Executive Officer of EgyptAir Airlines, said: “Our extension of TotalCare® is a reflection of the value we place on the service, which allows us to predict and fully manage costs.”
The Trent 700 is the only engine specifically designed for the Airbus A330 and over 1,000 are now in service or on firm order. The engine has captured more than 75% of orders in the last three years. More than 90% of Trent engines in service have TotalCare® support.
This year is the 50th anniversary of the first Rolls-Royce jet engine going into service in Egypt, an Avon.

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Egypt's Smart Aviation orders two Bombardier turboprops

Bombardier Inc. said Monday Egypt's Smart Aviation Co. has placed a firm order for two 70-80-seater Q400NG airliners worth $62 million U.S. at list price.

The airline has taken options on three more turboprops, raising the potential value of the deal to $158 million U.S.

The three-year-old Smart Aviation, based in Cairo, which runs a corporate jet charter business, is starting up a commercial airline to benefit from rising business and tourist travel in the Mid-east.

The Q400s will be used for the launch of scheduled and charter services throughout the region,

Bombardier has a firm Q400 order backlog of 91 aircraft. They are built at its Toronto plant with engines from Pratt & Whitney Canada in Longueuil.

Source: The Montreal Gazette