Rolls-Royce wins USD110 million share of Aegean Airlines order


LONDON (Rolls-Royce) - Rolls-Royce has won business potentially worth USD110 million as its share of an order for V2500 aero engines from Greek regional carrier Aegean Airlines.

The V2500s, produced by the International Aero Engines consortium (IAE) in which Rolls-Royce is a senior shareholder, will be used to power up to 26 Airbus A320 series aircraft. The order is made up of eight firm and 12 options, plus six leased aircraft. If all options are taken, the value of the deal to IAE is USD340 million.

Aegean Airlines began operations in 1999, serving major Greek destinations and other European cities. The order consists of a mix of Airbus A319s and A320s, with deliveries beginning in 2008.

The V2500, with thrust ratings from 22,000 - 33,000lb, is available for the A319, A320, A321 and A319 Corporate Jet.

IAE is a multinational partnership involving Rolls-Royce, Pratt & Whitney of the United States, the Japanese Aero Engines Corporation and MTU Aero Engines of Germany.

Rolls-Royce is a CAPA Member. For more information on the Centre for Asia Pacific Aviation's membership service, please click the icon below.



Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More