V2500 Flying Higher in China
IAE Share of A321 Market Climbs Due to V2500 Efficiency and
ZHUHAI, CHINA -- (Marketwire) -- 11/13/12 -- China continues to be
an important and growing market for IAE's V2500 engine. Today the
V2500 powers 53% of the A320 family aircraft in China with more than
500 total aircraft in service and on firm backlog. The V2500 has
become the preferred engine for A321 operators in China with a market
share of 77% for total aircraft. In addition to providing a superior
fuel burn advantage over the competition, it offers improved time on
wing (TOW) and the lowest noise and emissions.
Currently, 18 operators in Greater China fly the V2500, representing
some of the world's top airlines. China Southern is IAE's largest
operator with over 170 V2500-powered aircraft in service or on order.
To date, Chinese operators have accumulated more than six million
engine flying hours with the V2500.
"At IAE we take great pride in the long-standing relationships we
have with our operators in China," said IAE President Jon Beatty. "We
appreciate their selection of V2500-powered aircraft and are honored
to play a part in their success. They illustrate what others can
achieve when they have power provided by IAE -- superior reliability
and durability for all types of missions. We look forward to the
opportunity to continue supporting their expansion as demand for air
travel within and around China increases."
China is the second largest market in the world in terms of domestic
passengers -- reaching 290 million in 2011 with a forecast for
continued growth. It also includes some of the world's most
mountainous territory. IAE has extensive experience at high altitudes
on the A320 family with regular scheduled operations in both South
America and China. On average, the V2500 engine powers 20
high-altitude take-offs every day globally.
In 2003, an A319 aircraft powered by V2527M-A5 engines successfully
completed high-altitude demonstration flights at China's Bangda and
Lhasa airports demonstrating performance and maneuverability of the
aircraft at high take-off weight in both normal and single-engine
Sichuan Airlines -- IAE's launch customer in China and an exclusive
V2500 operator for 16 years -- flies the V2500 to many high-altitude
destinations such as Lh
asa and Jiuzhai. They currently have more than
80 V2500-powered aircraft in service and on order.
IAE's commitment to long-term relationships in China extends beyond
the world-class V2500 product and comprehensive aftermarket support
with a total of 12 field offices in Greater China, an affiliated
V2500 engine overhaul center in Zhuhai and support to the Airbus
Final Assembly Line in Tianjin, China (FALC).
IAE is a multinational aero engine consortium whose shareholders are
comprised of Pratt & Whitney (NYSE: UTX), Pratt & Whitney Aero
Engines International GmbH, Japanese Aero Engines Corporation and MTU
Aero Engines. To date, more than 5,000 engines have been delivered
and nearly 2,000 more engines are on order with close to 200
customers around the world.
FOR MORE INFORMATION CONTACT:
IAE International Aero Engines AG
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