Rolls-Royce's Stellar Start to 2017

Bondholder Rolls-Royce has had a stellar start to 2017, with two key announcements. 

Firstly, the aerospace giant has welcomed the announcement of a firm contract between Airbus and Iran Air for the supply of 100 aircraft.
The agreement includes 16 Airbus A350 XWB aircraft which are powered exclusively by the Trent XWB engine. The Trent XWB is the world’s most efficient large aero engine and was designed specifically for the aircraft. With over 1,600 units sold, it has become the world’s fastest selling widebody engine.
Also included in the agreement are 38 aircraft from the Airbus A330 family. The Trent 7000 engine is the exclusive power plant for the A330neo aircraft, while the Trent 700 is the engine of choice for the A330ceo, with approximately 60 per cent of current market share and more than 90 per cent of the order backlog.

Rolls-Royce has also entered into its first ever SelectCare services agreement for Trent engines with Delta Air Line.

Greg May, Senior Vice President, Delta Air Lines, said: “We are excited to be starting this new phase in our relationship with Rolls-Royce. SelectCare provides us with a flexible solution for our Trent 800 powered fleet and matches our individual needs for this engine.”