Rolls Royce : announces Dubai Aerospace Enterprise as a launch customer for LessorCare

Tuesday, 23 January 2018

Rolls-Royce announces Dubai Aerospace Enterprise (DAE) Ltd. as a launch customer for LessorCare, the pioneering new service tailored specifically to the needs of lessors.

DAE will adopt LessorCare across its existing and future fleets of Trent-powered aircraft, drawing together a range of services under one simple, flexible and comprehensive framework.

Firoz Tarapore, Chief Executive Officer of DAE, said: 'We are pleased to select LessorCare and look forward to working with Rolls-Royce as we implement it across our Trent fleet.'

Dominic Horwood, Rolls-Royce, Director, Customers and Services - Civil Aerospace, said: 'We are seeing strong demand for LessorCare and we are delighted to have DAE in this first wave of customers. We look forward to continuing to roll this service out to the market throughout 2018, which will be a significant year for LessorCare.'

LessorCare comprises one single, comprehensive agreement for all Trent engine types, giving customers access to all the services that they need throughout the engine lifecycle. It allows lessors to pay for what they want when they need it. The benefits are faster and easier access, the incorporation of services today and for the future, and the facilitation of the maximum possible return on investment.

LessorCare services include:

• Customer support-Rolls-Royce's network of technical support, publications, and training to optimise responsiveness and keep aircraft earning revenue
• Transitions services-a range of maintenance and availability services, to ensure aircraft move faster and more efficiently between leases. Services include engine maintenance and remarketing support.
• Asset management-a range of solutions that build on Rolls-Royce's experience of working in close partnership with airlines worldwide to maximise engine values through their life-cycle. These solutions will include LifeKey which will be our enhanced form of OPERA (Operating Lessor Engine Restoration Agreement) that provides portability and liquidity for maintenance value.

Beyond these initial services, Rolls-Royce will continue to work with DAE and other customers to develop LessorCare further, working towards even closer integration of after-market services and aircraft lease agreements.

About DAE

Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognised aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE's leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.

DAE's award-winning leasing division DAE Capital has an owned, managed and committed fleet of nearly 400 Airbus, ATR and Boeing aircraft with a fleet value of US$ 14 billion. More information can be found on the company's web site at www.dubaiaerospace.com.

About Rolls-Royce Holdings plc

1. Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to 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, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
3. Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £82.7 billion at the end of June 2017.
4. In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
5. Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
6. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.

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