Rolls-Royce wins $400m share of Tiger Airways V2500 order
Friday, 31 August 2007
Rolls-Royce has won business worth up to $400 million as its share of an order for V2500 engines and aftermarket services from Singapore’s Tiger Airways. The contract covers a fleet of up to 50 Airbus A320 family aircraft.
The airline already operates a fleet of nine V2500-powered A320s on routes to the rest of South East Asia and Australia.
The V2500 is produced by the International Aero Engines consortium (IAE) in which Rolls-Royce is a senior shareholder. In addition to Rolls-Royce, IAE’s partners are Pratt & Whitney of the United States, the Japanese Aero Engines Corporation and MTU Aero Engines of Germany.
With a range of thrust from 22,000lb -33,000lb, the V2500-A5 is available to power the Airbus A319, A320 and A321 as well as the A319 Corporate Jet. More than 1,400 V2500-powered aircraft have been delivered to over 120 customers to date, with more than 5,000 engines delivered or on order.
- Tiger Airways has been using the V2500 engine for its entire A320 fleet since 2004.
- Rolls-Royce is a major player in Singapore’s aerospace industry, accounting for over ten per cent of the country’s aerospace output. Through the company’s joint ventures with key local industry partner Singapore Airlines Engineering Company – Singapore Aero Engine Services Limited (SAESL) and International Engine Component Overhaul (IECO) - Rolls-Royce currently employs nearly 1,000 people in Singapore, accounting for nearly five per cent of the total industry workforce.
- In 2006, Rolls-Royce was awarded the Distinguished Partner in Progress (DPIP) Award by the Economic Development Board (EDB) of Singapore in recognition of its contributions to Singapore in the economic, social and community areas.
- In January 2006, Rolls-Royce opened a regional procurement headquarters in Singapore to handle the management of suppliers in South Korea, Taiwan, Malaysia, India and Singapore, following considerable growth in operations around the region. It also manages its regional energy business from Singapore and the marine business has a regional headquarters in the country.
- Rolls-Royce has also been active in research and development activities in Singapore, through investments in setting up Rolls-Royce Fuel Cell Systems and the Rolls-Royce Singapore Advanced Technology Centre with Singapore's Agency for Science, Technology and Research (A*STAR) to look into a broad portfolio of technologies.