Rolls-Royce wins $9.2bn Emirates order

expat network

Rolls-Royce wins $9.2bn Emirates order

Rolls-Royce reported that it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai’s Emirates airline, providing a lift for the British company after a torrid year of profit warnings.

It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a joint venture of General Electric and Pratt & Whitney.

The deal was confirmation that of what sources had told Reuters on Thursday.

The contract includes a long-term “Totalcare” package, which means Rolls-Royce will also provide service and maintenance to Emirates for the Trent 900 engines.

Emirates says still waiting to hear from Airbus on A380 revamp

Emirates president Tim Clark said on Friday the airline is still waiting for a decision from Airbus over whether the planemaker will proceed with a revamp of the A380 superjumbo.

Emirates, which is the leading buyer of the existing A380 jet with 140 orders, has said it would look at placing an order for up to 200 of the so-called A380neo jets should Airbus go ahead with the update.

“As far as the neo is concerned, we await the deliberations from Toulouse,” Clark told a news conference in London.

The Dubai-based carrier is also still eyeing an order for around 50 to 70 twin-aisle A350 or 787 aircraft.

“We are fairly advanced in our assessment of the A350, as we are on the 787-9 and 787-10,” Clark said.

Emirates cancelled an order for 70 A350 aircraft last year, saying the new plane from Airbus did not fit its original specifications, but later launched a new purchasing process.

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.