Volaris, one of Mexico’s leading low-cost
airlines, has amended its existing V-Services Fleet Hour Agreement
with International Aero Engines (IAE) to add coverage for 26
incremental V2500 engines.
Volaris’ entire fleet of A320 family
aircraft powered by V2500 engines are now covered by an IAE
V-Services aftermarket agreement. The deal is valued at
approximately US$400 million.
“IAE is delighted to expand our existing V-Services
Fleet Hour Agreement with Volaris to cover its entire fleet of
V2500 engines. This amended and expanded FHA demonstrates IAE’s
commitment to the continued growth and success of Volaris in the
years to come,” said IAE President Jon Beatty. “Our ability to provide our highly reliable and
efficient V2500 engines along with V-Services aftermarket
solutions for customers like Volaris has enabled them not only to
succeed as a new airline, but also to continue to grow their
presence across the entire continent.”
currently has 36 aircraft in their fleet, with an additional 12 on
firm order, all powered by V2500 engines.
V-Services is a
portfolio of services that applies the power of IAE’s OEM network
to provide predictable maintenance costs, optimized engine
performance and reliability. On an engine flight hour basis, Fleet
Hour Agreements (FHA) provide operators with coverage for shop
maintenance events, which reduces the risk of unscheduled
maintenance and associated costs. Through FHA, operators have the
ability to transfer any risks associated with their V2500
maintenance to IAE. Around 60% of the V2500 fleet in service are
covered under the V-ServicesSM Fleet Hour Agreements (FHA).
As Mexico’s second largest airline, Volaris serves 62
routes connecting 25 cities in Mexico and 8 in the US, including
Los Angeles, Oakland/San Francisco, San José, San Diego, and
Fresno in California; Las Vegas, Nevada; Chicago, Illinois; and
Orlando, Florida. The carrier started operations in March 2006 and
has over 2,300 employees.
“Volaris is a
growing low-cost carrier that focuses on containing costs in order
to provide our customers with the lowest fares possible,” said
Volaris CEO Enrique Beltranena. “Expanding our V-Services Fleet
Hour Agreement with IAE to include all of the engines in our fleet
significantly reduces cost and risk to Volaris while ensuring
OEM-quality maintenance for our V2500 engines.”
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