Pratt & Whitney awarded USD26m order for V2500 aircraft engines under IAE contract

Airline Industry Information, June 19, 2009

AIRLINE INDUSTRY INFORMATION-(C)1997-2009 M2 COMMUNICATIONS

Manufacturer and designer of aircraft engines Pratt & Whitney announced on Thursday that Israeli domestic airline Israir has selected International Aero Engines (IAE) V2500 SelectOne build standard engines to power three Airbus A320s.

The order, which includes a long-term IAE Aftermarket Services agreement, is worth approximately USD26m to Pratt & Whitney.

It also reportedly represents the first order that Israir has placed for the V2500 on the first A320s the airline has purchased.

IAE is a multinational aero engine consortium with shareholders comprising of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines.

Pratt & Whitney is a division of United Technologies Corp (NYSE: UTX).

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