$1.5bn Order for Rolls-Royce

Bondholder Rolls-Royce has won a major order from Ethiopian Airlines to provide Trent XWB engines for ten new Airbus A350-900 aircraft with TotalCare® service support, further increasing their order book for new engines. In addition, the order includes TotalCare for 14 of the aircraft already in service or on order. In total, the deal is valued at $1.5 billion.

Ethiopian became Africa’s first A350 operator in 2015 and currently has four of its initial 14 aircraft in service.

Tewolde Gebremariam, Chief Executive Officer, Ethiopian Airlines, said: “We have been impressed by the performance of both aircraft and engines in service, which gave us confidence to go forward with our order for ten additional aircraft which will bring even greater levels of comfort and service to our customers.”

Eric Schulz, Rolls-Royce, President – Civil Aerospace, said: “A repeat order from Ethiopian is a huge testament to the performance of our engines in service. We look forward to continuing to deliver excellent efficiency to a customer that continues to bring the latest engine and aircraft technology into its fleet.”