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UPDATE 1-Rolls-Royce lands $720 mln engine deal with Virgin

Fri Oct 30, 2009 4:00am EDT

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* To power 10 Airbus A330s

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* Deliveries to begin in 2011

(Adds details)

LONDON, Oct 30 (Reuters) - British engine maker Rolls-Royce Group (RR.L) said on Friday it had won a $720 million deal to supply Trent 700 engines for 10 aircraft belonging to Richard Branson's Virgin Atlantic.

Deliveries will commence in 2011, with Rolls-Royce powering six new Airbus A330s ordered by Virgin Atlantic, which has a total of 38 aircraft in its fleet. The remaining orders will be fitted to four aircraft Virgin is leasing from AerCap.

The engines are worth $720 million at list prices.

Rolls Royce reported a 9 percent rise in underlying first-half profit in July.

(Reporting by Lorraine Turner; editing by Paul Hoskins)



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