International Aero Engines AG’s (IAE) executive board of directors announced the extension of its collaboration agreement to 2045.
“We are pleased with the extension of the IAE collaboration agreement to 2045,” said Ian Aitken, IAE president and CEO. “Our employees and suppliers have worked diligently to provide best-in-class engine performance, service and support for our V2500 customers.”
“After 27 years, we continue to be the industry leader for the Airbus A320 family of aircraft,” Aitken noted. “Our substantial investment and ability to develop and apply our technology will contribute to our success as we produce these engines for many years to come.”
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 with the worldwide fleet accumulating more than 85 million flying hours.
IAE is a global aero engine consortium whose shareholders are comprised of Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L), Japanese Aero Engines Corporation and MTU Aero Engines.
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