SOURCE: IAE International Aero Engines AG
ZHUHAI, CHINA--(Marketwire - Nov 13, 2012) - China continues to be an important and growing market for IAE's V2500 engine. Today the V2500 powers 53% of the A320 family aircraft in China with more than 500 total aircraft in service and on firm backlog. The V2500 has become the preferred engine for A321 operators in China with a market share of 77% for total aircraft. In addition to providing a superior fuel burn advantage over the competition, it offers improved time on wing (TOW) and the lowest noise and emissions.
Currently, 18 operators in Greater China fly the V2500, representing some of the world's top airlines. China Southern is IAE's largest operator with over 170 V2500-powered aircraft in service or on order. To date, Chinese operators have accumulated more than six million engine flying hours with the V2500.
"At IAE we take great pride in the long-standing relationships we have with our operators in China," said IAE President Jon Beatty. "We appreciate their selection of V2500-powered aircraft and are honored to play a part in their success. They illustrate what others can achieve when they have power provided by IAE -- superior reliability and durability for all types of missions. We look forward to the opportunity to continue supporting their expansion as demand for air travel within and around China increases."
China is the second largest market in the world in terms of domestic passengers -- reaching 290 million in 2011 with a forecast for continued growth. It also includes some of the world's most mountainous territory. IAE has extensive experience at high altitudes on the A320 family with regular scheduled operations in both South America and China. On average, the V2500 engine powers 20 high-altitude take-offs every day globally.
In 2003, an A319 aircraft powered by V2527M-A5 engines successfully completed high-altitude demonstration flights at China's Bangda and Lhasa airports demonstrating performance and maneuverability of the aircraft at high take-off weight in both normal and single-engine operations.
Sichuan Airlines -- IAE's launch customer in China and an exclusive V2500 operator for 16 years -- flies the V2500 to many high-altitude destinations such as Lhasa and Jiuzhai. They currently have more than 80 V2500-powered aircraft in service and on order.
IAE's commitment to long-term relationships in China extends beyond the world-class V2500 product and comprehensive aftermarket support with a total of 12 field offices in Greater China, an affiliated V2500 engine overhaul center in Zhuhai and support to the Airbus Final Assembly Line in Tianjin, China (FALC).
IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney (NYSE: UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. To date, more than 5,000 engines have been delivered and nearly 2,000 more engines are on order with close to 200 customers around the world.