IAE WINS ORDER FROM BOC AVIATION
IAE International Aero Engines AG today announced that BOC Aviation has signed an exclusive agreement for the firm order of V2500 engines to power 25 A320 family aircraft newly ordered from Airbus.
The 25 new aircraft, due for delivery from 2012 onwards, will join BOC Aviation’s current fleet of more than 70 V2500-powered aircraft in service or on order. BOC Aviation, wholly-owned by Bank of China, is the leading Asia-based aircraft leasing company with a total fleet of over 160 modern aircraft operated worldwide. The average aircraft age of less than four years makes it one of the youngest fleets in the industry.
This exclusive order builds upon a preferred relationship which has existed between BOC Aviation and IAE for over a decade. The continuation of this relationship will allow BOC Aviation and IAE to provide customers with reliable engines that are popular with airlines operating these aircraft types.
James Guiliano, Executive Vice President at IAE, said: “BOC Aviation has identified the clear operational advantages of the V2500 for the A320 family, which generates real value for their customers, both in terms of bottom line and environmental impact. The V2500’s remarkable performance under a wide range of operating conditions makes it the powerplant of choice for more than 190 customers in 70 countries.”
Robert Martin, Managing Director & Chief Executive Officer of BOC Aviation, said: “We continue to see high demand from our customers and the market for A320 family aircraft powered by V2500 engines which delivers environmentally sound and fuel efficient solutions to our customers.
The V2500 SelectOne™ build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It improves time-on-wing by up to 20 percent and demonstrates compliance with all applicable CAEP emissions standards.
The V2500 is available in seven different thrust settings, from 22,000 to 33,000lb, to power the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner. IAE’s in-service fleet has doubled in the last five years and is the third largest engine program currently in production. Nearly 6,500 V2500 engines are in service or on firm order and the worldwide fleet has accumulated over 85 million flying hours.
IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L), Japanese Aero Engines Corporation and MTU Aero Engines.