International Aero Engines has signed an agreement with Vietnam Aircraft Leasing Company (VALC) to provide 20 V2533-A5 engines to power ten Airbus A321-200 aircraft.
As per the $184m contract, IAE will deliver on order the V2500 SelectOne build standard, which is designed to provide an additional 1% fuel burn advantage with a corresponding reduction in CO2 emissions.
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The V2500 improves time-on-wing by up to 20% and demonstrates compliance with all applicable CAEP emissions standards.
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.
The aircraft will be operated by Vietnam Airlines and will be used on major domestic and regional routes serving Hong Kong, Taipei, Bangkok and Singapore.
Deliveries will be made in 2012 and 2013.
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By GlobalData
