Engines
Business as Usual For Revamped International Aero Engines Partnership

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.

Industrial and Commercial Bank of China (ICBC) subsidiary ICBC Financial Leasing has chosen IAE V2500 engines valued at $90 million for five additional Airbus A320s it has ordered for delivery during 2013-15. Jetstar Airways will use V2500 power for 32 more A320s ordered for the Qantas subsidiary’s fleet in August 2011. V2500s equip all 74 JetStar A320s and A321s. New engine deliveries are scheduled to begin next year under an IAE V-Services fleet-hour agreement.