SOURCE: IAE International Aero Engines AG

IAE International Aero Engines AG

November 13, 2011 06:30 ET

IAE and EGYPTAIR Celebrate 20 Years in Service Together

Long-Time Valued Customer for V2500 Engines

GLASTONBURY, CT--(Marketwire - Nov 13, 2011) - DUBAI AIR SHOW -- EGYPTAIR and International Aero Engines celebrated together the carrier's 20th year of operating Airbus A320 aircraft powered by IAE's V2500 engines.

EGYPTAIR, which is IAE's first customer in the Middle East/North Africa region, accepted its first V2500 powered A320 series aircraft in May 1991. It has continued to use the V2500 as the powerplant of choice for its total fleet of 17 A320 aircraft, accumulating more than a million engine flight hours.

"EGYPTAIR is our oldest customer in this region, and we are proud that it selected IAE and has continued to use our V2500s over the past two decades," said IAE President Ian Aitken. "Through our close relationship with EGYPTAIR we have been able to attain great levels of performance and efficiency."

EGYPTAIR MAINTENANCE and ENGINEERING Chairman and CEO Eng. Abdel Aziz Fadel stated that, "During the past 20 years of cooperation we have witnessed professional support from IAE, and we will continue to exchange experiences for the sake of our customers both on EGYPTAIR aircraft and the aircraft of numerous airlines who choose EGYPTAIR MAINTENANCE and ENGINEERING as their preferred maintenance site."

"We have great respect for this long-time customer who established IAE's presence in the Middle East," said IAE Executive Vice President Jim Guiliano. "They have a long and well respected heritage. As a result of our successful association with this preeminent airline in the Middle East, IAE has gone on to form many other successful customer alliances in this part of the world."

About EGYPTAIR

EGYPTAIR is one of the world's pioneer airlines. Established in May 1932, it became the first airline in the Middle East and Africa and the seventh worldwide to join IATA.

EGYPTAIR demonstrated the scale of its commitment to the highest standards of safety by being the first IOSA certified airline in the Middle East and Africa. In July 2008, EGYPTAIR joined the Star Alliance network; this enables EGYPTAIR's customers to have access to 1,185 destinations in 185 countries. EGYPTAIR's fleet includes A321s and A320s. EGYPTAIR Engine Workshop is a FAA/EASA certified state-of-the-art facility that repairs and tests V2500 engines.

About IAE

IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney (NYSE: UTX), Rolls-Royce (LSE: RR), Japanese Aero Engines Corporation and MTU Aero Engines. Over 4,800 V2500 engines have been delivered so far and nearly 2,000 more engines on order with close to 200 customers around the world.