has confirmed an order for up to 50 V2500-powered Airbus A320-family aircraft
engines backed by a V2500Select aftermarket agreement. The combined engine and aftermarket
value to IAE is in excess of Sin$1.3 billion.
The engine order is related to Tiger Airways recently concluded purchase of
50 brand new Airbus
A320 aircraft as part of its growth expansion plans. The aircraft order comprises 30 firm aircraft
orders with options for a further 20.
Tiger Airways CEO Tony Davis
said, “We operate in a highly-competitive environment and the V2500’s in-service reliability and superior fuel
efficiency have made a significant contribution to the success of our operation. One of our key strategies has been stringent cost-control
and the V2500Select has demonstrated that we can look forward to low and predictable maintenance costs while concentrating upon our
core business of offering low, low fares.”
IAE is a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Rolls-Royce, the
Japanese Aero Engines Corporation and MTU Aero Engines. More than 1,400 V2500-powered aircraft have been delivered and the
worldwide fleet has accumulated over 50 million flying hours.
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