Daily Management Review

Emirates will buy Rolls-Royce engines for $ 9.2 billion


04/17/2015


British company Rolls-Royce agrees to sell the Trent 900 to the UAE air carrier - the company Emirates - and ensure their continued service.



- The success of the Emirates in the last thirty years has been outstanding. For Rolls-Royce had the great honor to be part of this success, the company supplying engines since 1996. We are pleased that Emirates trust our technologies, making the largest order in our history, - said the chairman of Rolls-Royce John Rishton.

After the transaction, the shares of the British aircraft manufacturer increased by 2%. Trent 900 engines will be installed on 50 aircraft Airbus A380. Their operation will begin next year.

In 2014, the airline Emirates Airline and American Boeing Aircraft Corporation confirmed information about placing an order for 150 aircraft Boeing-777X - an updated version of the popular model line wide-body aircraft.

General Catalogue cost of aircraft is $ 56 billion, "Interfax" reports with reference to The Wall Street Journal.

The fact that Emirates has ordered two versions of Boeing-777X, originally announced at the air show in Dubai in November last year.

The airline intends to purchase 115 aircraft and 35 aircraft 777-9X 777-8X. In this case, the contract gives it the right to purchase an additional 50 aircraft of this line, which may increase the transaction amount to $ 75 billion.

Rolls-Royce Holdings plc is a British multinational public holding company that through its subsidiaries, designs, manufactures and distributes power systems. Rolls-Royce Holdings is headquartered in City of Westminster, London. It is the world’s second-largest maker of aircraft engines, and also has major businesses in the marine propulsion and energy sectors. Rolls-Royce was the world's 16th-largest defence contractor in 2011 and 2012 when measured by defence revenues. It had an announced order book of £71.6 billion as of January 2014.
Rolls-Royce is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. As of June 2013, it had a market capitalisation of £22.22 billion, the 24th-largest of any company with a primary listing on the London Stock Exchange.

Net profit of Rolls-Royce, attributable to shareholders of the company, on the basis of 2014 decreased by 19.8 times, up to 69 million pounds (105.2 million dollars).

Earnings per share amounted to 0,231 pounds (0,352 dollars). Revenue British company declined by 6.19 per cent to 13.736 billion pounds (20.943 billion dollars). The company notes that the fall in revenues was the first time in 10 years.

"Last year was mixed, during this time, revenue fell for the first time in ten years, reflecting lower spending customers from the defense industry, macroeconomic uncertainty, as well as the fall in commodity prices," - said the company's CEO John Rishton.

The company expects that by the end of 2015 net income per share amount to 0,60-0,66 pounds (0,92-1,01 dollar), net profit before tax would be in the range of 1.40-1.55 billion pounds (2,13-2,36 billion dollars). Revenue at the company's forecasts, will be 13,4-14,4 billion pounds (20,43-21,96 billion dollars).


 






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