;EAST HARTFORD, Conn. --- New Air has selected the V2500 for its new fleet of Airbus Industrie A320 family aircraft with an order valued at up to $900 million to International Aero Engines (IAE). New Air has placed firm orders for 25 A320s plus 25 options and 25 purchase rights on A320 family aircraft, scheduled for delivery from 2000 onwards. The firm business for the first 25 aircraft alone is worth $300 million to IAE. ;New Air is a temporary name for the new low cost airline, which will use John F Kennedy airport in New York as its hub. The airline will serve the domestic US market, and plans to start flying in 2000, expanding to 50 destinations within three years. ;David Neeleman, Chief Executive of New Air, said: "Choosing the airframe/engine combination for a new airline is a critical decision that can have a long-term impact on the future of an airline. We chose the V2500 because of its industry leading performance and reliability and look forward to developing our strategic relationship with IAE.'' ;Mike Field, IAE's Senior Vice President of Sales, said: "Winning this business from New Air is a notable success for the V2500. We are proud to have earned the confidence of the management team at New Air, and will demonstrate over the coming years that that confidence is well placed.'' The V2500 engine combines industry leading technology from IAE partners Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Motoren- und Turbinen- Union Munchen GmbH. Now entering the tenth year of service, the V2500 has won total orders worth over $18 billion.