Midlands aero engine giant Rolls-Royce has landed a deal worth $ 160 million (£93.5 million) from newlyformed aircraft leasing firm LCAL.
The deal - announced yesterday at the Dubai Air Show - will see Derby-based Rolls supply Trent 1000 engines for six Boeing 787 Dreamliners ordered by LCAL, which is based in Hong Kong.
The engines will be maintained under a Rolls-Royce TotalCare service agreement.
Mike Terrett, president civil aerospace at Rolls-Royce, said: "The Trent 1000-powered Boeing 787 will enable LCAL to offer customers high levels of efficiency and superior economics across a range of routes.
"LCAL recognises the benefit under lifetime TCA of being able to transfer aircraft between lessees without having to worry about return conditions on the engines. This will speed up the business process, leading to lower costs and less administrative burden.
"The emergence of LCAL demonstrates the opportunities inherent in today's marketplace and we're delighted to be involved with this exciting new venture at an early stage in its development."
Clive Joy, chairman and chief executive of LCAL, added: "The evolutionary development of the Trent family means that the Trent 1000 provides us with the best balance between innovative new technology and proven capabilities.
"In addition, TotalCare fits ideally into our business model of providing a predictable, cost effective solution to our customers and will help to position us as the leasing company of choice for the 787."
The Trent 1000 is the launch engine for Boeing's new airliner, which is due to enter service with All Nippon Airways in mid-2008.
Meanwhile, Boeing yesterday announced additional orders at the Dubai show.
The US giant said it had received a firm order for 20 787 Dreamliners from International Lease Finance Corp, along with four additional options, worth about $2.7 billion (£1.57 billion).
Deliveries of the aircraft are scheduled to begin in January
On Sunday, Dubai airline Emirates said it had agreed to buy 42 777 planes from Boeing for $9.7 billion (£5.67 billion).
Fast growing Emirates, which operates a twice daily service from Birmingham to Dubai, said the deal included ten 777-200LR jets, 24 777-300ER and eight freighter aircraft.
Emirates' chairman, Sheikh Ahmed bin Saeed al-Maktoum, also said the airline had agreed to take purchase rights for a further 20 Boeing 777s.
However, he said Emirates had yet to decide between the Airbus A350 and the Boeing 787 for its requirements for new mid-sized planes.
"Regarding the 787 and the A350, we haven't decided yet which way we will go," he added.
Emirates has already placed the largest order for the Airbus A380 superjumbo, due to enter service next year.
Boeing has not yet won any 787 orders from a Gulf states company, but is "in talks," said Scott Carson, the firm's vicepresident for sales.
Rival European planemaker Airbus has vowed to match Boeing in orders by the end of the year, despite trailing by more than 200 planes.
"I reiterate my forecast for 200 orders," he said regarding the planemaker's newest model, the A350 due in 2010.
Boeing has more than 700 orders this year versus about 500 for Airbus.
The European manufacturer yesterday landed a new deal with India's Kingfisher Airlines, a low-cost carrier seeking to cash in on a fastgrowing local air traffic market. It will acquire 30 more A320s worth about $2 billion (£1.16 billion).
Airline TAP Portugal also agreed to acquire 17 new Airbus planes worth $2.6 billion (£1.52 billion), the planemaker said.