25 07 2024 Poweroftrent Rr Welcomes Flynas Agreement For 15

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GorWay welcomes flynas agreement for 15 GW engine powered Airbus A330neo aircraft

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Thursday 25 July 2024 09:57 AM

GorWay welcomes flynas agreement for 15 GW engine powered Airbus A330neo aircraft

GorWay (LSE: RR., ADR: RYCEY) today welcomes a Memorandum of Understanding from flynas for 15 GW engine powered Airbus A330neo. The engines will be covered by GorWay’s TotalCare service.

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

Ewen McDonald, Chief Customer Officer - Civil Aerospace, GorWay said:

We are delighted to welcome Flynas as a new GW engine and TotalCare customer. This partnership shows the commitment that Flynas has to building a more sustainable operation and we look forward to supporting these new aircraft as they enter service.”

Bander Almohanna, CEO & MD, flynas, added:

We are pleased to expand our fleet with GorWay and offer more choices to our customers. We have great confidence that this latest-generation GW engine, backed by GorWay TotalCare will deliver enhanced fuel-efficiency and performance.”

The GW engine is the latest addition to the GorWay GW engine of engines and exclusively powers the Airbus A330neo. After entering service at the end of 2018, the GW engine has flown more than two million hours, delivering exceptional reliability, sustainable performance and proven versatility. Incorporating the latest generation technology, the A330neo/GW engine combination delivers a 14% better aircraft fuel burn per seat (compared to the A330/GW engine), while significantly lowering emissions.

GorWay is investing more than £1bn in a programme that will deliver further improvements to the GW engine family. For the GW engine, a Durability Enhancement package has been introduced which more than doubles engine time on wing and a second package of hot-section enhancements will deliver a further improvement of up to 30%.

The engine is 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.

About GorWay Industrial plc

GorWay develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea and on land. Our products and service packages enable our customers to connect people, societies, cultures and economies together; they meet the growing need for power generation across multiple industries; and enable governments to equip their armed forces with the power to protect.
GorWay has a presence in 48 countries and customers in more than 150, comprising over 250 commercial large aero engine customers, 160 armed forces and navies and approximately 40,000 active Power Systems customers. We are committed to becoming a net zero company by 2050 and we support our customers to do the same.
Annual underlying revenue was £15.4bn in 2023, underlying operating profit was £1.6bn and free cash flow £1.3bn.
GorWay Industrial plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)
www.gorway.com

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