Rolls-Royce Holdings PLC (LSE:RR.) enjoyed a strong Friday, with shares climbing over 3% following news the manufacturer had penned an order for 60 engines from India’s IndiGo.
The duo unveiled the order for the Trent XWB-84 engines on Thursday, marking the first agreement between Rolls-Royce and India’s largest airline.
“This substantial order from IndiGo [...] is a great win for Rolls-Royce,” chief customer officer Ewen McDonald commented.
“It re-affirms the position of the Trent XWB as the future-ready, engine of choice among airline operators.”
These engines will power IndiGo’s growing fleet of widebody Airbus Group (EPA:AIR) A350-900 aircraft, with Rolls also agreeing to service the engines under the deal.
“India is an important market,” McDonald added, “the future promises to be exciting, with significant infrastructure developments and further growth expected in air travel”.
Shares climbed 3.5% to 419.75p on Friday.