Hainan Airlines Selects IAE V2500 Engine to Power 13 Airbus A320s

Released on Monday, July 14, 2008

Hainan Airlines has selected the IAE International Aero Engines V2500 to power 13 Airbus A320 aircraft, backed by a long-term, V2500SelectSM aftermarket agreement. The combined engine and aftermarket deal is valued to IAE at $350 million.

The airline took delivery of its first V2500-powered aircraft during a ceremony at the Airbus factory in Hamburg, Germany in June. Hainan placed an initial order, worth $540 million, for IAE engines to power a total fleet of 20 A319 aircraft during the Paris Air Show in June 2007.

IAE President & CEO Jon Beatty said: "We have recently witnessed Hainan Airlines become the newest operator of the V2500 in China, and today we can announce adding a further 13 IAE-powered aircraft to its order backlog. Follow-on orders display customer confidence in our product and this decision is a result of the V2500's superior performance in terms of fuel efficiency, environmental performance and engine reliability."

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. More than 5,000 V2500 engines are in service or on firm order.

In China, the V2500 powers 195 aircraft in service and during the past 18 months has been selected on over 160 additional A320-family aircraft placed on firm order in the region.

The SelectOne™ build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It will improve time-on-wing by up to 20 percent, and demonstrate compliance with the most stringent CAEP/6 NOx standards. It is due to enter into service later this year.