Rolls-Royce expands Trent 1000 business with LCAL
Indianapolis (ROLLS ROYCE) - Rolls-Royce announced today it has a contract with LCAL, a new and innovative aircraft leasing company, to provide Trent 1000 engines for nine firm Boeing 787 Dreamliners and up to 11 purchase options.
In November 2005, LCAL and Rolls-Royce announced an initial order for the Trent 1000 for six firm aircraft, which are incorporated into this contract agreement. The value of the additional engines for three firm aircraft is $96 million at list prices. Delivery of LCAL's first Trent-powered 787s is scheduled to begin in 2009.
As previously announced, all the engines will be covered by a "TotalCare" service agreement, which will provide lifetime protection for each powerplant and is portable between LCAL's customers.
Nick Devall, Executive Vice President - Customer Business at Rolls-Royce, said: "The Trent 1000-powered 787 provides LCAL with a flexible offering that is attractive to a wide range of customers. Its unique innovative technology combined with the benefit of 35 million hours of Trent family experience behind it upon entry into service, ensures the Trent 1000 offers the highest customer value and is also the lowest risk option available to customers."
Steve Clarke, President and Chief Operating Officer of LCAL, said: "We decided to increase our order from six to nine firm aircraft based on the positive response we have had to the Rolls-Royce Trent 1000 in the marketplace. We see the lessor-friendly TotalCare agreement bringing significant value to both our lessees and to ourselves."