Volaris expands aftermarket agreement with IAE

Volaris, one of Mexico’s leading low-cost airlines, and IAE have amended their existing V-Services Fleet Hour Agreement (FHA) to add coverage for 26 incremental V2500 engines.Volaris’ entire fleet of A320 family aircraft powered by V2500 engines are now covered by IAE’s V-Services aftermarket agreement. The deal is valued at approximately $400m. Volaris currently has 35 aircraft in their fleet, with an additional 13 on firm order, all powered by V2500 engines.