IAE Celebrates 30 Years of Superior Technology
GLASTONBURY, CT -- (Marketwire) -- 03/11/13 -- It was March 11, 1983
and IAE's five new shareholders -- Pratt & Whitney, Rolls-Royce,
Japanese Aero Engine Consortium, MTU Aero Engines, and FiatAvio --
were on a mission to develop an advanced aero engine that would lead
the single-aisle segment into the new millennium. (See IAE's 30-year
The result was the V2500 -- a cleaner, quieter, more fuel-efficient
engine that has grown into one of the most successful civil aerospace
programs of all time. It has captured significant global segment
share and today counts close to 200 airlines and leasing companies
across the globe among its loyal customers.
"We have reached this leading position because of our customers'
trust in us and in the V2500 -- a trust we have earned through years
of world-class reliability and continuous improvement," said IAE
President Jon Beatty. "Our success has been fostered by the
continuous support and commitment we receive from our customers."
Dave Barger, JetBlue Airway's President and Chief Executive Officer,
commented, "Our partnership with IAE predates the first JetBlue plane
taking flight, and we're proud to celebrate this significant
milestone and reiterate our confidence in them. A hearty
congratulations on 30 years of environmentally friendly and
Just one year after the collaboration was formed the
V2500 won a position on the Airbus A320 family -- formally launching
the program. In 1985, launch customers Adria Airways and Cyprus
Airways ordered the first A320s from IAE.
George Mavrocostas, CEO of Cyprus Airways, commented, "Cyprus Airways
chose to lead the way with the V2500 option due to our great
confidence in the capabilities of IAE's founding companies, and we
were ultimately proven correct in putting our faith in the V2500."
Today, the V2500 is available across three platforms: the Airbus A320
family, the Boeing MD-90, and the Embraer KC-390. It is the preferred
engine for A321 operators worldwide and has the largest share of
engines delivered and on order. That share is expected to continue to
grow in the future. In addition, the V2500-A5 has approximately half
of the overall segment share for the platforms on which it operates.
IAE's philosophy of continuous improvement was evident from the
start, and the first major performance enhancements were introduced
into service in 1993 through the V2500-A5. The latter part of the
1990s saw IAE and the V2500 start to become a dominant force in
commercial aviation as the 1,000th V2500 engine was delivered.
Recent milestones include:
-- The V2500 SelectOne(TM) entered service in 2008.
-- IAE was chosen by Embraer in 2011 for its first military application
on the new KC-390.
-- In 2012, the 5,000th V2500 was delivered.
-- V-Services(SM), IAE's comprehensive aftermarket portfolio, was
launched in 2012.
Over the past 30 years, IAE has accomplished virtually every goal it
set for itself. Today, IAE is entering a new and exciting era with
IAE and its party companies positioned to best serve all A320
customers by allowing more flexible offerings to the narrowbody
About IAE: 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 5,400 engines
have been delivered and nearly 1,800 more engines are on order with
close to 200 customers around the world.
FOR MORE INFORMATION CONTACT:
IAE International Aero Engines AG
Visit IAE's new site: www.i-a-e.com
Follow us on Twitter: @IAEengines
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