CorporateCare(R), the Rolls-Royce business jet engine service
program, continues to set new benchmarks in marketplace acceptance.
With 115 contracts signed this year to date, the company is poised to
surpass even last year's record setting level of 165 signed contracts.
Today, the company has over 625 aircraft under CorporateCare or other
flight hour agreements, with contracts valued at more than $1.2
billion.
Stephen Friedrich, Director of Aftermarket, Rolls-Royce Corporate
and Regional Aircraft said: "Individual corporate aircraft operators
and corporate flight departments alike continue to recognize the value
of the Rolls-Royce comprehensive engine care program. We are seeing
our contracts actually outpace the strong aircraft delivery numbers in
the market as more operators turn to and depend on the reliable
services we offer."
CorporateCare provides the customer with predictable engine
maintenance costs and transfers engine risk to Rolls-Royce, allowing
operators to focus on their core business. Customers enrolled in
CorporateCare benefit from higher aircraft residual values.
High-value services offered to CorporateCare customers include:
-- The latest generation of Engine Health Monitoring services,
recurrent publications revision service and the support of the
Rolls-Royce Global Customer Services network;
-- Guaranteed access to lease engines;
-- Coverage of line replaceable parts exchange/replacement and
all engine change expenses for scheduled and unscheduled
events, wherever and whenever they occur;
-- Complete coverage of expenses associated with qualified shop
visits; and
-- Access to aeromanager, the Rolls-Royce e-business portal for
aerospace customers.
CorporateCare removes unpredictable costs associated with
unscheduled events and reduces administrative burdens - all crucial to
operators controlling costs. Engine maintenance expenses are fixed
with the Rolls-Royce standardized approach and engine maintenance and
performance becomes the responsibility of the OEM.
Rolls-Royce offers CorporateCare for business jets powered by its
AE 3007, Tay and BR710 engines. The program is available to support
both new and in-service engines, and provides operators with
significantly improved asset value.
Corporate note to editors
1. Rolls-Royce is the leading provider of propulsion system
solutions for today's business jets, garnering 34 per cent of the
market.
2. Rolls-Royce corporate jet engine products include: the AE 3007,
produced in Indianapolis, Indiana, powering the Embraer Legacy and
Cessna Citation X; the Tay 611 series, manufactured in Dahlewitz,
Germany, used on the Gulfstream G350 and G450; and the BR 710, also
made in Dahlewitz, powering Bombardier's Global 5000 and Global
Express-XRS and the Gulfstream G500 and G550.
3. The Corporate Business jet market has long been a successful
element of the Rolls-Royce portfolio of aircraft engines. The number
of business jet applications powered by Rolls-Royce, including
joint-venture engines, has increased from one to 16 in the last
decade. This includes aircraft built by Airbus, Bombardier, Cessna,
Embraer, Gulfstream, Raytheon and Sino Swearingen.
4. Rolls-Royce operates in four global markets - civil aerospace,
defense aerospace, marine and energy. It is investing in technology
and capability that can be used in each of these sectors to create a
competitive range of products.
5. Rolls-Royce invests more than $1.4 billion every year on
Research and Development, two-thirds of which is aimed at improving
the environmental performance of its products and operations. Over
$240 million of this program is dedicated to innovative technology
aimed at improving environmental performance. To find out more about
the company's position on climate change and its approach to
environmental issues, view the latest Rolls-Royce Environment Report
by visiting www.rolls-royce.com/community/environment.
6. 2006 Annual sales were $14.8 billion, of which 53 per cent are
services revenues. The order book at June 30, 2007, stood at $70.2
billion, which, together with demand for services, provides visibility
as to future activity levels.
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