IAE has won various new engine orders at the Sinagpore Airshow:
ICBC Financial Leasing, a subsidiary of the Industrial and Commercial Bank of China (ICBC), has entered into an agreement under which International Aero Engines will provide V2500 engines to power its fleet of 15 new A320 series aircraft. The deal is valued at $300m. Deliveries commence in January 2013 and continue into 2015.
Sichuan Airlines signed an agreement under which International Aero Engines will provide V2500 engines to power eight new A320 series aircraft. The order includes a long-term aftermarket services agreement. The deal is valued at $300m. Deliveries will commence in January 2014 and continue into 2015.
TransAsia Airways has selected International Aero Engines' V2500 engines to power six A321 standard aircraft on firm order with Airbus. As a part of a larger package, the transaction also includes Pratt & Whitney PW1100G-JM engines to power six firm and six option A321neo aircraft.
