logo
Rolls-Royce welcomes AviLease's order for 20 Trent XWB-97 engines to power 10 A350F

Rolls-Royce welcomes AviLease's order for 20 Trent XWB-97 engines to power 10 A350F

Zawya18-06-2025
Rolls-Royce (LSE: RR., ADR: RYCEY) today announces AviLease has agreed to place an order for 20 Trent XWB-97 engines that will power 10 Airbus A350F aircraft. This will be the first Rolls-Royce powered freighter aircraft to operate in the Kingdom of Saudia Arabia.
Ewen McDonald, Chief Customer Officer, Rolls-Royce, said:
'Aviation enables growth and connectivity across the world and this contribution is perfectly symbolised in air freight. We're proud that AviLease has selected the Airbus A350F powered by our highest thrust engine, the Trent XWB-97.
The Trent XWB-97, like all of our modern Trent engines benefits from our £1bn investment in time on wing improvements, bringing increased fleet planning certainty to this important aviation sector. We greatly value our growing partnership with AviLease.'
Ted O'Bryne, Chief Executive Officer, AviLease, said:
'We're delighted to announce this order for 10 Trent XWB-97 powered A350F - the next generation of freighters within the Kingdom of Saudia Arabia. I'd like to thank Rolls-Royce for their partnership and helping to deliver our aim to become a top 10 global aircraft lessor, supporting the Kingdom's Vision 2030.'
The Trent XWB-97 has proven its reliability and durability over seven years of service and more than three million engine flying hours. As versatile as it is reliable, the Trent XWB has already shown it is equally efficient at powering short-haul or long-haul flights, which makes it the ideal solution for passenger and freighter operators with a varied network.
Rolls-Royce is investing more than £1bn in a programme that will deliver further improvements to the Trent engine family. For the Trent XWB-97, it's receiving a technology package that extends time on wing across all operations as well as doubling time on wing on the harshest of missions.
-Ends-
About Rolls-Royce Holdings plc
Rolls-Royce is a force for progress; powering, protecting and connecting people everywhere. Our products and service packages help our customers meet the growing need for power across multiple industries; enable governments to equip their armed forces with the power required to protect their citizens; and connect people, societies, cultures and economies together.
Rolls-Royce has a local presence in 48 countries and customers in over a hundred more, including airlines and aircraft leasing companies, armed forces and navies, and marine and industrial customers.
Through our multi-year transformation programme, we are building a high-performing, competitive, resilient and growing Rolls-Royce. We are building the financial capacity and agility to allow us to successfully develop and deliver the products that will support our customers through the energy transition.
Annual underlying revenue was £17.8 billion in 2024, and underlying operating profit was £2.46 billion.
Rolls-Royce Holdings plc is a publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)
www.rolls-royce.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE, Saudi Arabia drive $59b merger surge in Middle East
UAE, Saudi Arabia drive $59b merger surge in Middle East

Khaleej Times

time2 hours ago

  • Khaleej Times

UAE, Saudi Arabia drive $59b merger surge in Middle East

The Middle East and North Africa's mergers and acquisitions (M&A) landscape showed remarkable momentum in the first half of 2025, with the UAE and Saudi Arabia continuing to lead the region's deal value. According to the latest EY Mena M&A Insights report, a total of 425 deals worth $58.7 billion were recorded in H1 2025, marking a 31 per cent increase in volume and a 19 per cent rise in value compared with the same period last year. The UAE and Saudi Arabia together attracted $27.9 billion in investments, reinforcing their status as the twin anchors of the region's deal-making ecosystem. The UAE accounted for $25.4 billion of this figure, underscoring its position as the top destination for international investors, while Saudi Arabia drew $2.5 billion, reflecting its growing role in diversifying beyond oil and into sectors such as chemicals, technology, industrials, and real estate. The combined contribution of these two Gulf economies amounted to nearly half of all deal value in the region, demonstrating their pivotal role in shaping the MENA investment landscape. The period was characterised by an unprecedented surge in cross-border transactions, which climbed to a five-year high. Cross-border deals accounted for 233 out of the 425 total transactions, with a combined value of $45.9 billion. This represented 55 per cent of total deal volume and 78 per cent of overall value. Chemicals and technology were the standout sectors, together contributing 67 per cent of cross-border deal value. The largest deal was the $16.5 billion acquisition of a 64 per cent stake in Borouge by Borealis AG and OMV AG, underscoring the appeal of the UAE's industrial and chemicals sector to international capital. Analysts point out that this surge in activity reflects the region's resilience and adaptability amid global headwinds. 'The positive performance in the first half of 2025 underscores the strength, dynamism, and resilience of Mena's M&A market,' said Brad Watson, Mena EY-Parthenon leader. 'We are witnessing record-breaking cross-border activity as investors look beyond short-term volatility, actively pursuing scale, innovation, and new market opportunities. The UAE, in particular, remains a magnet for global capital, supported by a stable regulatory framework and a focus on economic diversification, while regional partnerships with Europe, Asia, and North America are opening doors to fresh growth channels.' Domestic and inbound M&A also saw strong gains. Domestic deals accounted for 192 transactions worth $12.8 billion, representing 45 per cent of total volume and 22 per cent of total value, nearly doubling year-on-year. Diversified industrial products and technology were the primary drivers. The largest domestic deal was Abu Dhabi-based Group 42's $2.2 billion purchase of a 40 per cent stake in Khazna Data Center, highlighting continued investor appetite in the digital infrastructure sector. Inbound activity rose sharply, with 107 deals worth $21.5 billion, an increase of 53 per cent in volume and more than threefold in value from $6.4 billion in H1 2024. The UAE was again the standout performer, accounting for 50 per cent of inbound deal volume and an overwhelming 98 per cent of inbound value. Austria emerged as the leading investor, contributing 77 per cent of inbound deal value, driven largely by the Borouge chemicals sector transaction. Outbound deal-making also grew steadily, with 126 transactions valued at $24.4 billion, up 30 per cent in volume from the previous year. The UAE and Saudi Arabia were central players, together accounting for 87 per cent of outbound value. Prominent deals included Adnoc and OMV AG's acquisition of Canada's Nova Chemicals and Saudi Aramco's $3.5 billion purchase of Primax in South America, illustrating how Gulf energy and industrial champions are extending their global footprint. A key feature of the first half was the significant role of sovereign wealth funds and government-related entities, which contributed $21 billion across 54 deals. Entities such as the Abu Dhabi Investment Authority (Adia), Public Investment Fund (PIF), and Mubadala were highly active, focusing on chemicals, technology, and industrial sectors that align with long-term national diversification agendas. Anil Menon, Mena EY-Parthenon head of M&A and Equity Capital Markets leader, noted that the region's fundamentals remain highly attractive for investors. 'Mena's deal-making continues to thrive in 2025, reflecting investor confidence in the region's long-term fundamentals. Stable oil prices, ongoing infrastructure development, and a strategic focus on technology, chemicals, and industrials are creating solid foundations for sustained activity.'

Saudi Arabia and Syria sign pact to promote and protect investment
Saudi Arabia and Syria sign pact to promote and protect investment

Zawya

time2 hours ago

  • Zawya

Saudi Arabia and Syria sign pact to promote and protect investment

RIYADH — Saudi Minister of Investment Eng. Khalid Al-Falih and Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar have signed an agreement to promote and protect investment between the two countries. The pact was inked on the sidelines of a roundtable meeting that began in Riyadh on Monday morning. Senior Saudi and Syrian officials emphasized that the agreement is the culmination of ongoing efforts to activate strategic partnerships and expand the base of joint investments. It aims to create an attractive legal and investment environment as well as to provide practical frameworks that guarantee investment protection. This would also facilitate the flow of capital, contributing to the development of vital sectors including industry, services, infrastructure, and tourism. Speaking on the occasion, Al-Falih said that the agreement falls within the Kingdom's vision to strengthen its economic partnerships with Arab countries and create promising investment opportunities. He noted that the signing of the agreement with Syria reflects the trend toward sustainable cooperation that supports the stability and prosperity of the region. Al-Shaar considered the signing of the agreement as a qualitative shift in the course of economic relations between Syria and Saudi Arabia, as well as opening up broad horizons for fruitful investment cooperation that achieves mutual benefit and strengthens fraternal ties between the two peoples. He highlighted the importance of the Saudi role in supporting the economic recovery process in Syria. A high-level Syrian delegation, led by Minister Al-Shaar, arrived in Riyadh on an official visit aimed at strengthening economic ties between the two countries. The visit follows the outcomes of last month's Saudi-Syrian Investment Forum, which was held in Damascus under the patronage of Syrian President Ahmad Al-Sharaa and brought together over 100 Saudi companies and 20 Saudi government entities. The forum concluded with the signing of 47 investment agreements in key sectors valued at over SR24 billion. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (

Saudi Arabia's Eastern Region attracts $8bn investments across key sectors
Saudi Arabia's Eastern Region attracts $8bn investments across key sectors

Arabian Business

time3 hours ago

  • Arabian Business

Saudi Arabia's Eastern Region attracts $8bn investments across key sectors

Saudi Arabia's Eastern Region Municipality has achieved a major milestone by meeting 100 per cent of the Ministry of Municipalities and Housing's performance targets for attracting investment, securing more than SR30bn ($8bn) from both local and international sources. According to spokesperson Faisal Al Zahrani, the municipality has invested more than 95 per cent of its available assets, manages more than 6,000 investment contracts, and generates annual revenues exceeding SR2bn ($533m). The investment projects are distributed across several high-impact sectors: Foreign investments: More than SR1.7bn ($453m) Tourism and entertainment projects: More than SR14bn ($3.73bn) Environment and sustainability initiatives: Exceeding SR8bn ($2.13bn) Urban and waterfront projects: Valued at SR4bn ($1.07bn) Health, education, sports, housing, and logistics projects: Totalling more than SR5bn ($1.33bn) Saudi Eastern Region investments

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store