SOURCE: IAE International Aero Engines AG

IAE International Aero Engines AG

June 21, 2011 13:18 ET

US Airways to Upgrade Entire V2500 Fleet With SelectTwo™

PARIS--(Marketwire - Jun 21, 2011) - US Airways, the largest operator of the Airbus A320 family of aircraft has signed a memorandum of understanding to upgrade its fleet of V2500-powered Airbus A320 family aircraft with the recently unveiled V2500 SelectTwo fuel burn improvement package from International Aero Engines.

As part of this agreement, US Airways would purchase kits to upgrade 92 aircraft in its fleet and to convert 60 aircraft on order to the newest engine configuration prior to aircraft delivery.

"Since the start of our relationship more than two decades ago, US Airways and IAE have benefited through our collaborative cultures," said Ian Aitken, president and chief executive officer of IAE. "To have US Airways retrofit its V2500 fleet with the SelectTwo demonstrates the value of the upgrade package and once again proves our philosophy of continuous improvement."

IAE's long relationship with US Airways began with America West Airlines, which placed three V2500 powered Airbus A320 aircraft into service in February 1991.

"US Airways has been proud to partner of International Aero Engines for more than 20 years and is pleased to be acquiring this environmentally friendly and fuel-efficient enhancement to V2500 engines, which is installed on many of our narrow body Airbus fleet," said US Airways' Chief Operating Officer, Robert Isom. "IAE is an important business partner that is customer focused and has executed a strategy of consistently upgrading the capabilities of V2500 engines to provide us with the most efficient powerplant possible."

US Airways currently has a fleet of 106 aircraft powered by V2500 engines, including 39 A319s; 49 A320s, and 18 A321s. A US Airways engine holds a time on wing record for the V2500, completing 30,520 flying hours on its first run.

US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,300 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers 21,000 daily flights to 1,160 airports in 181 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year.

IAE is a multinational aero engine consortium whose shareholders include Pratt & Whitney (NYSE: UTX), Rolls-Royce (LSE: RR), Japanese Aero Engines Corporation and MTU Aero Engines. Presently, there are more than 5,500 V2500 engines in service or on firm order with nearly 200 customers around the world.

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