Air China has selected the IAE International Aero Engines V2500 to power a new fleet of Airbus A320-Family aircraft with deliveries starting in April 2010. Including a long-term aftermarket agreement, the total value of the deal is around $700 million. This new order covers engines for 22 aircraft, representing a mix of A320s and A321s. The airline already operates the V2500 on a fleet of 12 Airbus A319s.
IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines. There are more than 5,500 V2500s in service or on firm order with more than 180 customers around the world.