Rolls-Royce Gets $427m For Engine Research

Rolls-Royce has secured a £280m ($427m) loan from the European Investment Bank (EIB) to aid the research and development of its higher thrust version of the Trent XWB aero-engine.

Rolls-Royce has secured a £280m ($427m) loan from the European Investment Bank (EIB) to aid the research and development of its higher thrust version of the Trent XWB aero-engine.

The seven-year loan is the single largest handed to the OEM by the EIB, which in the past 10 years has provided more than £723m ($1.1bn) for investment by Rolls-Royce.

On a visit to the OEM’s facility in Derby, UK on Friday (September 4), EIB vice-president Jonathan Taylor said: “Investment to help develop new engines builds on the unique strengths of Rolls-Royce and will help to ensure that cutting-edge skills and engineering techniques build better and more efficient engines for the global airline market.”

TAGS: Europe
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