JetBlue contract lands IAE $1.6 billion engine deal

JetBlue Airways has placed an order with IAE International Aero Engines to power up to 115 additional Airbus A320 single aisle aircraft with V2500 engines.

JetBlue Airways has placed an order with IAE International Aero Engines to power up to 115 recently ordered Airbus A320 single aisle aircraft with V2500 engines.

JetBlue Airways announced yesterday that it had placed an order worth up $4 billion with Airbus for the purchase of 65 new A320 aircraft, with options for a further 50 new aircraft.

The agreement for 115 A320s is worth up to $1.6 billion in engine business for IAE and its shareholders in the US, UK, Japan and Germany.

The low-cost airline currently operates a fleet of 41 A320 aircraft and expects to have 52 in service by the end of 2003, all equipped with V2500 turbofan engines.

‘This largest single firm V2500 order in our 20 year history will continue to motivate our IAE team to deliver high quality products and services,’ said Steve Heath, President & CEO, International Aero Engines.

IAE is a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines.

The 22,000 – 33,000 lb thrust V2500-A5 is available in seven different thrust settings to power the Airbus A319, A320 and A321 family of aircraft as well as the A319 Corporate Jet.