IAE Wins US$300M Order From TAM Airlines

November 17, 2010. IAE International Aero Engines has won an order valued at more than $300 million with TAM Airlines for V2500 engines to power seven Airbus A321 and three A319 aircraft. The order includes a long-term aftermarket services agreement. The aircraft will enter service from 2011.

TAM is the largest customer in Latin America with a fleet of 84 A320-family aircraft equipped with V2500 engines, the first of which entered service in 1999.

Steve Pattison, VP Customer Business – Americas for IAE said: “This order further strengthens our longstanding partnership with TAM. Follow-on orders display customer confidence in our product and this decision is a result of the V2500’s superior technology and proven engine reliability.”

Jose Z. Maluf, VP Supply Chain and Contracts for TAM, added: ”The V2500 enables us to benefit from greater fuel efficiency, and therefore lower overall emissions, which are both vital in today’s operating environment. Along with the comprehensive aftermarket services, these benefits help us to maintain our position as Brazil’s leading airline.”

The V2500 SelectOne™ build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It improves time-on-wing by up to 20 percent and demonstrates compliance with all applicable CAEP emissions standards. During its second year of operation, the SelectOne™ has accumulated nearly 2 million in-service hours.

The V2500 is available in seven different thrust settings, from 22,000 to 33,000lb, to power the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner. Nearly 6,500 V2500 engines are in service or on firm order and the worldwide fleet has accumulated over 85 million flying hours.

IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L), Japanese Aero Engines Corporation and MTU Aero Engines.