SilkAir Selects IAE V2500-A5 Engine to Power up to 20 Airbus A320s

Released on Tuesday, April 22, 2008

International Aero Engines announced today (April 22) that Singapore-based SilkAir had chosen the V2500 to power up to 20 Airbus A320 family aircraft. The engines will be backed by a V2500Select® agreement and, if all orders are realized, the combined engine purchase and aftermarket agreement is valued at $580 million to IAE.

IAE President & CEO Jon Beatty said: "We share with SilkAir a determination to provide a premium service to all our customers � and repeat business such as this is a great vote of confidence in the leading performance of the V2500 and IAE's aftermarket support. Through V2500Select®, SilkAir is assured of maintaining the lowest fuel burn and lowest total emissions for the A320."

SilkAir currently has 15 V2500-powered A320 family aircraft in operation. The additional aircraft announced today will begin delivery in March 2009.

The V2500-A5 is available in seven different thrust settings ranging from 22,000 lbs. to 33,000 lbs. to power the Airbus A319, A320 and A321 family of aircraft as well as the A319 Corporate Jet. V2500Select® is a tailored package combining aftermarket support and the V2500 SelectOne™ engine upgrade, providing operators with reduced operating costs and a predictable budget.

IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L.), Japanese Aero Engines Corporation and MTU Aero Engines. There are more than 5,500 V2500s in service or on firm order with more than 155 customers around the world.