International Aero Engines (IAE) announced new business and confirmed changes to its management structure on Monday at the Farnborough Airshow, following the departure of Rolls-Royce from the consortium.
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.
Mexican low-fare carrier Volaris has signed a purchase agreement for 30 Airbus A320neos and 14 A320s, Airbus announced today. The deal amounts to the largest single commercial aircraft order ever by an airline in Mexico, according to Airbus. Volaris, also the first airline in the country to order the A320neo, plans to announce its engine selections for the aircraft at a later date.
International Aero Engines has been awarded a follow-on order from Hainan Airlines for V2500 engines to power 13 Airbus A320s. Along with a long-term V2500Select aftermarket agreement, the deal is worth $350 million. The Chinese operator took delivery of the first of 20 V2500-powered A319s in June, becoming the latest Chinese airline to fly the Airbus narrowbody.