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Tiger
Airways has selected IAE International Aero V2500 engines for its fleet expansion comprising eight new Airbus A320 aircraft.
IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero
Engines.
The transaction is valued at US$136 million and the engines will be covered by a long term Maintenance Support
Agreement which allows Tiger Airways to enjoy manufacturer-backed maintenance programs, rather than support from third parties.
Tiger Airways CEO Tony Davis
said, “Our core business strategy is all about enabling budget-conscious travelers fly more often by keeping tight control on our costs
and maximizing capacity utilization – and IAE’s V2500 engines help us deliver this strategy. The engines have proven reliable and cost-effective. IAE has provided a level
of customer support that will allow us to successfully expand our network and provide savvy travelers with an even wider choice of destinations.”
Tiger Airways recently announced the purchase of eight new A320 aircraft from Airbus for a combined list price of over US$500 million. The fleet expansion will allow
Tiger Airways to treble its fleet from the current four aircraft by end 2007 and enable the airline to fly between four and five million passengers a year. These eight new
aircraft will be delivered during 2006 and 2007.
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