Tiger Airways confirms Sin$1.3 Billion IAE Engine Order

Tiger Airways 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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