12 February 2014
Turkish Airlines said it has entered into an agreement under which IAE International Aero Engines AG´s V2500 engines will power 25 new A321 aircraft, bringing the total number of V2500-powered A320 aircraft in their fleet to 110.
The deal is valued at USD560m. Aircraft deliveries will commence in 2015 and continue through 2017.
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 Corp. and MTU Aero Engines. For more information on IAE International Aero Engines AG, visit: www.i-a-e.com