Rolls-Royce Holdings plc TRENT 1000 UPDATE (0383N)
September 20 2019 - 2:00AM
UK Regulatory
TIDMRR.
RNS Number : 0383N
Rolls-Royce Holdings plc
20 September 2019
20 September 2019
TRENT 1000 UPDATE
On 6 August 2019, with our Half Year Results, we cautioned that
the rate of recovery in Trent 1000 Aircraft On Ground (AOG) this
year was likely to be slower than our original plans, due to the
additional Maintenance Repair & Overhaul (MRO) load resulting
from faster deterioration of the high pressure turbine (HPT) blade
on the Trent 1000 TEN. This has remained a challenge.
Since then, we have also taken a proactive decision to
accelerate intermediate pressure turbine (IPT) blade replacement
for the limited number of Package B and C engines yet to be fitted
with the final standard of IPT blade. This has led to additional
engine removals. As a result, though we continue to work on further
increasing our MRO capacity, these challenges mean that we now
expect the return to single-digit level of AOGs on the Trent 1000
to be delayed until Q2 2020. We deeply regret the additional
disruption that this will cause our customers and we continue to
work closely with them to minimise the impact on their
operations.
Our guidance for the cash costs of the Trent 1000 Package B and
C in-service issues in 2019 and 2020 remains as announced on 6
August 2019.
About Rolls-Royce Holdings plc
1. Rolls-Royce pioneers cutting-edge technologies that deliver
clean, safe and competitive solutions to meet our planet's vital
power needs.
2. Rolls-Royce has customers in more than 150 countries,
comprising more than 400 airlines and leasing customers, 160 armed
forces, 70 navies, and more than 5,000 power and nuclear
customers.
3. Annual underlying revenue was GBP15 billion in 2018, around
half of which came from the provision of aftermarket services.
4. In 2018, Rolls-Royce invested GBP1.4 billion on research and
development. We also support a global network of 29 University
Technology Centres, which position Rolls-Royce engineers at the
forefront of scientific research.
5. The Group has a strong commitment to apprentice and graduate
recruitment and to further developing employee skills.
For further information, please contact:
Investors:
Jennifer Ramsey
Head of Investor Relations
Rolls-Royce plc
Tel +44 (0) 20 7227 9087
+44 (0) 7825 903206
jennifer.ramsey@rolls-royce.com
Peter Lapthorn
Investor Relations Manager
Rolls-Royce plc
Tel +44 (0) 20 7227 9079
+44 (0) 7717 811069
peter.lapthorn@rolls-royce.com
Media:
Richard Wray
Director of External Communications & Brand
Rolls-Royce plc
Tel +44 (0) 20 7227 9163
+44 (0) 7974 918416
richard.wray@rolls-royce.com
Daisy Omissi
VP External Communications - Civil Aerospace
Rolls-Royce plc
Tel +44 (0) 7500 990583
daisy.omissi@rolls-royce.com
www.Rolls-Royce.com
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END
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