Rolls-Royce announces Norwegian order worth £1.9bn

Rolls-Royce has won a £1.9bn order from Norwegian airlines for Trent 1000 engines and TotalCare long-term service support for 19 new Boeing 787 Dreamliner aircraft.

 The order also includes TotalCare for Trent 1000 engines that will power 11 previously-announced leased Boeing 787s yet to enter service.

Rolls-Royce will provide TotalCare for all 30 aircraft, alongside eight Norwegian 787s already in service.

Rolls-Royce, president – Civil Aerospace, Eric Schulz commented: “This is another significant decision in favour of the Trent 1000, an engine that delivers exceptional economics and performance.

The airline also has options for 10 further aircraft which – if confirmed – will be powered by the Trent 1000.

Rolls-Royce also recently announced that the Japanese-based ANA (All Nippon Airways) Group had selected Trent 900 engines for its three new Airbus A380 aircraft, a deal worth more than £200m.

Rolls-Royce Profit warnings

The orders will come as welcome news for the company, after announcing its fifth profit warning in two years last November.

As a result, Rolls-Royce has embarked on an organisational transformation programme in an effort to build a more resilient business and generate incremental gross savings of £150m – £200m a year from 2017 onwards.

A further update on the cost and range of the programme is due to be given sometime in February 2016.