Rolls-Royce wins THAI engine deal

[Admin]

Rolls-Royce wins THAI engine deal 
Bangkok Post: 6 Oct 2010
Rolls-Royce wins B6bnengine deal from THAI

Thai Airways International has agreed to award a contract worth 6 billion baht to Rolls-Royce to provide engines, maintenance services and spare parts for its new fleet of Airbus wide-body jets.

The deal with the British company is the largest in a series of contracts worth 7.83 billion baht for components for the seven twin-engine A330-300 aircraft.

Rolls-Royce outbid US rivals GE and Pratt & Whitney, according to sources with knowledge of the selection. The British company currently has about 120 engines in THAI jets, similar to the number supplied by GE.

The THAI board approved the Rolls-Royce contract on Sept 24 and the deal is expected to be formalised in November.

The contract includes the supply of 14 units of Trent 772 B engines worth about 2.74 billion baht, two spare units with engine stands (744 million), tools (32 million) and a 10-year service contract (2.35 billion baht).

Sources said THAI chose Rolls-Royce because of engine commonality with existing A330-300s in service. Trent 772 B engines power 54% of the world's fleet of A330-300s.

The four other contracts awarded for the A330-300s are:

- Panasonic of Japan for inflight entertainment systems (831 million baht).

- Sogerma, part of Europe's EADS, for business-class seats (281 million).

- Germany's ZIM Flugsitz GmbH for economy-class seats (295 million).

- Germany's Bucher for galleys (350 million).

The seven A330-300s involved in the contracts are part of a 15-aircraft acquisition approved earlier this year by the THAI board. the rest are eight long-range Boeing B777-300ERs that will be leased.

The A330-300s are due to join the fleet starting from mid-November 2011 to April 2013. They will be flown on regional routes, including those to the Middle East, India and Western Australia.

THAI shares closed yesterday on the SET at 40 baht, up 50 satang, in trade worth 493.9 million baht.

http://www.bangkokpost.com/business/aviation/199910/rolls-royce-wins-b6bnengine-deal-from-thai