Shanghai Airlines Selects V2500 Engine to Power 10 A321s

Released on Tuesday, July 15, 2008

Today at the Farnborough International Airshow, IAE International Aero Engines announced that Shanghai Airlines has selected the V2500 to power 10 Airbus A321s in a deal worth $170 million. The airline is due to receive its first aircraft in July 2009.

With this order, Shanghai Airlines will be the fourth new V2500-A5 customer in China over the last 16 months. In addition, Shanghai Airlines becomes the latest Chinese A321 customer for IAE. The V2500 currently holds 80 per cent market share on all A321s in service in China, driven by the fact that it offers the lowest fuel burn, lowest noise and lowest emissions of any engine on this aircraft.

IAE Regional Vice President � Greater China, Craig Welsh, said: "Shanghai Airlines identified the clear operational advantages of the V2500 for the A321 as key factors in its decision, with the significant fuel-burn benefits high on its list of priorities. With the newer technologies available on the V2500, it generates real value for our customers, both in terms of the bottom line and environmental impact. We're delighted to welcome Shanghai Airlines to the growing list of IAE customers."

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, representing more the half of the market share in the China region.

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.