11 April 2014
IAE International Aero Engines AG said it has signed an exclusive, 10-year V-services fleet hour agreement with Cathay Pacific Airways to manage 48 V2500 engines operated by its wholly owned subsidiary Dragonair.
The agreement will cover installed engines on 15 A320ceos and seven A321ceos, in addition to four spare engines.
Cathay Pacific Airways is a Hong Kong-based airline offering scheduled passenger and cargo services to more than 180 destinations in Asia, North America, Australia, Europe and Africa.
IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt and Whitney (NYSE: UTX), Pratt and Whitney Aero Engines International GmbH, Japanese Aero Engines Corp. and MTU Aero Engines. Its website is at http://www.pure-v-engine.com.