Rolls-Royce Wins $600 Million Share of Indian Engine Order
(Source: Rolls-Royce plc; issued Oct. 20, 2005)
Rolls-Royce has won business worth $600 million as its share of an order for V2500 engines from IndiGo, the Indian low-cost start-up airline.
Delhi-based IndiGo has selected the V2500 to power a fleet of 100 Airbus A320 family aircraft. It is the single biggest firm order ever received by International Aero Engines (IAE), the consortium which produces the V2500, in which Rolls-Royce is a senior shareholder.
Mike Terrett, President – Civil Aerospace at Rolls-Royce, said: "This is a significant, strategic success for IAE and Rolls-Royce in the burgeoning Indian market. It also means that the V2500 remains the only engine type selected by private sector airlines in India which have ordered the A320 series of airliners."
IndiGo becomes the launch customer for V2500Select a combined engine upgrade and aftermarket support programme, which improves fuel burn, reduces operating costs and offers time-on-wing improvements. Engine upgrades are planned to be released to production in 2008 and will be retrofittable to the in-service fleet.
The V2500-A5 engine is available at seven different thrust ratings from 22,000lb to 33,000lb, powering the Airbus A319, A320, A321 and the A319 Corporate Jet.
IAE is a multinational consortium whose shareholders, apart from Rolls-Royce, are Pratt & Whitney of the United States, the Japanese Aero Engines Corporation and MTU Aero Engines of Germany.
More than 1,050 V2500-powered aircraft have been delivered, and the worldwide fleet has accumulated over 33 million flying hours. (ends)
Pratt & Whitney Shares in IAE V2500 Engine Order from IndiGo
(Source: Pratt & Whitney; issued Oct. 20, 2005)
EAST HARTFORD, Conn. --- IAE International Aero Engines, in which Pratt & Whitney is a leading shareowner, announced today that Indian low-cost start-up IndiGo has selected V2500 engines to power its fleet of 100 Airbus A320 family aircraft. The sale is worth approximately $600 million to Pratt & Whitney, which is a United Technologies Corp. company.
The $1.7 billion order is the largest, single firm order IAE has ever received and it also confirms IndiGo as the launch customer for V2500Select(TM), IAE's combined program of engine upgrades and aftermarket support.
"This is great news for IAE and Pratt & Whitney," said Steve Heath, Pratt & Whitney Commercial Engines president and a member of the IAE Board of Directors. "India is an increasingly important market for us, and we appreciate IndiGo's confidence in the V2500. We are committed to helping them make this new venture a great success."
V2500Select is a combined engine upgrade and aftermarket support program that improves fuel burn, reduces operating costs and offers time-on- wing improvements. Engine upgrades are planned to be released to production in 2008 and will be retrofittable to the in-service fleet.
The 22,000-33,000lb of 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.
IAE is a multinational aero engine consortium. In addition to Pratt & Whitney, its shareholders comprise Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines. More than 1,050 V2500-powered aircraft have been delivered and the worldwide fleet has accumulated more than 33 million flying hours.