17 December, 2003
ROLLS-ROYCE WINS $360 MILLION SHARE OF IAE ENGINE ORDERS
Rolls-Royce announced today (17 December) that it has won business worth $360
million as its share of a series of orders for V2500 engines.
The orders come on the 20th anniversary of the multinational consortium
International Aero Engines (IAE), manufacturer of the V2500 engine. The
consortium comprises Rolls-Royce, Pratt & Whitney of the United States, the
Japanese Aero Engines Corporation and MTU Aero Engines of Germany.
The three firm orders have been placed by International Lease Finance
Corporation (ILFC), South African Airways (SAA) and China's Sichuan Airlines
and amount to more than 180 engines. They bring IAE's share of the Airbus A320
engine market in 2003 to 87 per cent.
Mike Terrett, President - Civil Aerospace, Rolls-Royce, said: "Today's
announcements pay testimony to the continued success of IAE - and it's a great
way to mark 20 years of achievement. During the past two decades, IAE has won
some £30 billion in engine orders with more than 2,000 engines delivered and
another 2,500 on order."
V2500s power Airbus A319, A320 and A321 airliners as well as the A319 Corporate
Jet and the Boeing MD-90.
- ends -
For further information contact:
Neil Williams
Communications Manager - Civil Aerospace
Rolls-Royce plc
PO Box 31, Derby
DE24 8BJ
UK
Tel: 44 (0)1332 248704
Email: neil.e.williams@rolls-royce.com
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