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Rolls-Royce announces Indigo has agreed to order 60 Trent XWB engines

Posted On: 2024-04-25 21:59:33 (Time Zone: IST)


Rolls-Royce (LSE: RR., ADR: RYCEY) today announces IndiGo has agreed to place an order for 60 Trent XWB-84 engines. This is the first ever agreement for Rolls-Royce with this leading Indian airline.

As part of the deal, the health and maintenance of the engines will be covered by Rolls-Royce's comprehensive TotalCare service.

Flying to more than 110 domestic and international destinations, IndiGo flew 100 million passengers in 2023 and is among the fastest growing airlines in the world. The new order will power the airline's expansion plans, particularly its growing footprint on international routes.

Ewen McDonald, Chief Customer Officer, Rolls-Royce plc, said: "This substantial order from IndiGo for our Trent XWB-84 engines is a great win for Rolls-Royce. It re-affirms the position of the Trent XWB as the future-ready, engine of choice among airline operators.

"India is an important market for Rolls-Royce. The future promises to be exciting, with significant infrastructure developments and further growth expected in air travel.

"We are grateful to IndiGo for placing their trust in us and we look forward to partnering with them on this journey. Together we will reach more destinations, serve more customers and capture the opportunities of this exciting market."

Pieter Elbers, CEO of IndiGo, added: "We are delighted to partner with Rolls-Royce for their future-ready Trent XWB engines as we expand our widebody aircraft fleet with an agreement to order a new fleet of A350-900 aircraft. We have immense trust in the reliability and efficiency offered by Rolls-Royce's Trent engines and we believe it will reinforce our vision to connect the length and breadth of India to the world."

As the world's most efficient large aero engine in service, the technologically advanced Trent XWB, which is assembled in Derby, UK, is also well-positioned to help fast track IndiGo's sustainability journey. With a 15% fuel consumption advantage over the first generation of Trent engines, the Trent XWB goes further on less fuel and offers leading performance and noise levels. It is also certified to operate on a 50% Sustainable Aviation Fuel (SAF) blend today and has been proven to be compatible with 100% SAF for the future.

TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk back to Rolls-Royce. This industry-leading premium service offering is supported by data delivered through the Rolls-Royce advanced engine health monitoring system, which helps provide customers with increased operational availability, reliability and efficiency.

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 3815.05 as compared to the previous close of Rs. 3742.35. The total number of shares traded during the day was 19556 in over 3054 trades.

The stock hit an intraday high of Rs. 3829.45 and intraday low of 3728.45. The net turnover during the day was Rs. 74011703.00.


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