International Aero Engines

July 8, 2012 - 8:40am

China’s ICBC Financial Leasing has placed a firm order for V2500 engines to power five Airbus A320s. In a $90 million deal to be announced by International Aero Engines at the Farnborough International airshow, the transaction calls for deliveries to take place from 2013 to 2015. ICBC has ordered V2500s for 20 A320s, following an initial order during the Singapore Airshow in February involving 15 A320s.

July 8, 2012 - 1:50am

Rolls-Royce will not be rushing to spend the proceeds from selling its 32.5-percent equity and program shares in International Aero Engines (IAE) to Pratt & Whitney (P&W), according to civil aerospace president Mark King. The $1.5 billion cash sum will be retained for general corporate purposes, said the company, which is making a “modest” financial investment in P&W’s PW1100G-JM geared turbofan (GTF) powerplant offered for the re-engined Airbus A320neo program.

February 15, 2012 - 10:25pm

BOC Aviation has converted four options for V2500 engines to power Airbus A320s. The deal was announced by International Aero Engines yesterday, with the OEM confirming that its turbofans will power the leasing group’s 100th A320 delivery to South African Airways.

BOC, which is a Singapore-based subsidiary of the Bank of China, has so far ordered a total of 24 A320s and has options for another 16.

February 15, 2012 - 10:22pm

 BOC Aviation has converted four options for V2500 engines to power Airbus A320s. The deal was announced by International Aero Engines yesterday, with the OEM confirming that its turbofans will power the leasing group’s 100th A320 delivery to South African Airways.

February 14, 2012 - 11:10am

International Aero Engines (IAE) will continue to build V2500 turbofans well beyond the middle of the next decade and production rates will continue to climb, according to president and CEO Ian Aitken.

November 13, 2011 - 7:17am

The announcement of the new joint venture between Rolls-Royce and Pratt & Whitney on mid-sized engines was hardly a statement of marriage, but the vows made by the two aero-engine giants on 12 October nevertheless secure their long-term future in the huge market for mid-sized aero-engines up to 2030.

November 12, 2011 - 1:45am

International Aero Engines (IAE) has delivered its 1,000th V2500 SelectOne turbofan. Only three years after the upgrade was first introduced, the group shipped engine V16000 from Rolls-Royce Dahlewitz to Indian low-fare carrier IndiGo.

October 17, 2011 - 2:30pm
Rolls- Royce V2500 engine

All appears forgiven between Rolls-Royce and Pratt & Whitney now that the two engine manufacturers prepare to collaborate on the next generation of turbofans for midsize airliners ranging in size from 120 to 230 seats.

October 12, 2011 - 5:38pm
IAE V2500 engine

Rolls-Royce plans to sell its equity and program shares in IAE to Pratt & Whitney for $1.5 billion as part of a restructuring that would see the two companies enter a new partnership to develop an engine to power a future midsize aircraft.

August 1, 2011 - 5:20am
The V2500 commercial engine produced by the IAE consortium will power the for...

Embraer announced that the V2500 commercial turbofan produced by the International Aero Engines (IAE) consortium will power its twin-engine KC-390 tanker/transport now in development. IAE president and CEO Ian Aitken said the choice “substantially opens a market [in which] we have not done business  before.” The V2500-E5 engine was competing against the CFM56 for the Embraer KC-390 application.

 
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