Tuesday, April 25, 2006

Rolls-Royce wins Kingfisher engine deal

London: Engine maker Rolls-Royce said on Monday it had sold 20 engines to Indian airline Kingfisher in a deal worth $500 million (279 million pounds) at list prices including maintenance contracts.
A spokesman confirmed the details after the airline on Monday announced it had signed a contract for 5 Airbus A340-500 High Gross Weight planes and taken options on 5 more.
Kingfisher was started by tycoon Vijay Mallya whose UB Group makes Kingfisher beer, India's top-selling brand, and a host of lifestyle goods.
24/04/06 Reuters/Scotsman, UK