Rolls-Royce secures Airbus engine order

Rolls-Royce has won a $175m (£112m) share of a $500m order from new leasing company Air Lease Corporation (ALC) for V2500 engines to power 30 Airbus A320 aircraft.

According to Rolls-Royce, deliveries of the aircraft, ordered at the 2010 Farnborough Airshow, are scheduled to start in 2011.

Founded earlier this year by Steven F Udvar-Hazy, ALC has raised substantial capital to acquire a new portfolio of aircraft and aims to have a fleet of 100 aircraft by spring 2011.

The V2500 is produced by the International Aero Engines consortium (IAE) in which Rolls-Royce is a senior shareholder. IAE’s other partners are Pratt & Whitney, the Japanese Aero Engines Corporation and MTU Aero Engines.

The 22,000-33,000lb thrust V2500 powers the Airbus A319, A320 and A321 range of aircraft as well as the A319 Corporate Jet.

There are currently more than 6,000 V2500 engines in service or on firm order worldwide.