Rolls-Royce gets largest order worth $9.2bn April 17, 2015 - 18:11 AMT PanARMENIAN.Net - Rolls-Royce has received its largest order to date, worth £6.1bn ($9.2bn), to supply engines for 50 Emirates A380 planes, BBC News reports. It will be the first time the engineering giant has made engines for the Gulf carrier's super-jumbo fleet. The news boosted Rolls-Royce's share price after a year of profit warnings. Emirates said the deal gave further support to trade ties between the UK and the United Arab Emirates and would have a "significant economic impact". Announcing the deal in London, Emirates president Sir Tim Clark said: "Today's announcement is significant not only because it cements the partnership between Emirates and Rolls-Royce, but also because of the significant economic impact that this will have on aviation manufacturing in the UK and Europe." Rolls Royce currently employs 24,500 people in the UK. No new jobs will be created as a result of this deal. Final assembly of the engines will take place in Singapore. Related links:   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
