Philippine Airlines Selects V2500 Engines for Airbus Aircraft

Philippine Airlines Selects V2500 Engines for Airbus Aircraft 
PARIS -- (Marketwired) -- 06/18/13 --   Paris Air Show -- Philippine
Airlines (PAL) has selected IAE International Aero Engines AG's V2500
engine to power its order for 34 A321 aircraft.  
The V2500 deal includes a V-Services(SM) Fleet Hour Agreement (FHA).
Deliveries are scheduled to begin in August 2013 and continue over a
four-year period. 
"We selected the V2500 engine for its superior fuel burn advantage
and world-class reliability," said Ramon S. Ang, president and chief
operating officer of Philippine Airlines. "The engines are part of a
major fleet modernization program we are undertaking. We look forward
to our new relationship with IAE." 
"We are excited to have Philippine Airlines, Asia's first commercial
airline, as a customer," said IAE President Jon Beatty. "The pairing
of the V2500, a proven and dependable engine, and PAL, a
well-respected operator, makes a great combination." 
The V2500 remains the most preferred engine for the A321 aircraft,
powering over 60 percent of the aircraft in service -- and has also
been selected to power over 70 percent of the aircraft in firm
backlog. A321 aircraft powered by V2500 engines offer customers a
significant improvement in operating cost due to the superior fuel
efficiency and improved time on-wing. 
About PAL: As the first airline in Asia, Philippine Airlines has been
carrying people to and from the Philippines since 1941. PAL has
become one of the most respected airlines around the world with a
young and modern fleet of aircraft and a route network that spans 31
foreign cities and 29 domestic points. 
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 5,700 engines
have been delivered and more than 1,600 more engines are on order
with close to 200 customers around the world.  
FOR MORE INFORMATION CONTACT:
Heather Waldron
Communications Manager 
IAE International Aero Engines AG
mobile 1.860.709.1368
heather.waldron@iaev2500.com 
Visit IAE on the web: www.i-a-e.com 
Follow us on Twitter: @IAEengines