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Air China, as China’s sole national flag carrier, is a long-term strategic customer for Rolls-Royce. By establishing BAESL jointly, the two companies have deepened their cooperation. In the meantime, it further enhances Air China’s strategic layout in the aircraft maintenance industry chain, improving its overall fleet operational support capabilities.

As one of four authorised joint-venture overhaul facilities within the Rolls-Royce global services network, BAESL will be an integral part of its worldwide Trent MRO ecosystem, which also consists of two Rolls-Royce maintenance facilities, seven joint-venture or independent Authorised Maintenance Centres, and customer-owned shops.

Starting from 2026, BAESL will begin introducing overhaul capability for Trent 700, Trent XWB-84 and Trent 1000 engines, with capacity expected to ramp up to 250 overhauls per year by 2034.

Rialto focused on low-value transactions such as remittances and other person-to-person payments executed via the traditional banking channel. Despite past efforts to reduce the inefficiencies associated with such payments, FX and settlement remain key frictions.

In the search for more efficient options, there has been an increasing focus on instant payment-versus-payment (PvP) solutions that allow for fast and reliable access to liquidity in foreign currency.

Rialto’s technical experiment combined PvP and automated FX with tokenised central bank money settlement in a simulated cross-border payment infrastructure by building on previous work by the BIS Innovation Hub such as Project Mariana and Project Nexus.

The technical report describes the Project Rialto proof of concept, its architecture and design as well as the economic considerations regarding the viability of the Rialto technical approach.