Qantas Jetstar To Use V2500 Engine For New A320 Planes
January 27 2010 - 06:09PM
Dow Jones News
Qantas Airways Ltd. (QAN.AU) discount carrier Jetstar said
Thursday it will use International Aero Engines V2500 jet engine to
power up to 90 more Airbus aircraft it will operate, in a supply
and service deal worth US$3.5 billion.
In a joint statement, Jetstar and IAE said the engine purchase
agreement for 50 A320 family planes, with options and purchase
rights on up to 40 more aircraft, is worth around US$1.5 billion if
fully exercised.
Jetstar has also signed a US$2 billion long-term, aftermarket
services agreement with IAE for the new engines and those already
installed on 40 aircraft that Jetstar uses on its fleet in
Australia and New Zealand or through its Singapore-based affiliate
Jetstar Asia.
IAE is a multinational aero engine consortium whose shareholders
comprise United Technologies Corp.'s (UTX) Pratt & Whitney
division, Rolls-Royce (RR.LN), Japanese Aero Engines Corp. and MTU
Aero Engines (MTX.XE).
-By Bill Lindsay, Dow Jones Newswires; 61-2-8272-4694;
bill.lindsay@dowjones.com
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