Rolls-Royce gets largest order worth $9.2bnApril 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 | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |