Rolls-Royce share of Jetstar V2500 order worth up to $1.2 billion
Thursday, 28 January 2010
Rolls-Royce, the global power systems company, has won a share of an order from Jetstar Airways for V2500 engines to power up to 90 Airbus A320 family aircraft. The order is worth up to $1.2bn to Rolls-Royce if all options are exercised.
Jetstar, a wholly-owned subsidiary of Qantas Airways, has selected the engine for a new fleet of 50 additional aircraft, with options and purchase rights on up to 40 more. The aircraft will be distributed amongst the Jetstar Group fleet that includes investments by Qantas in low cost carriers Jetstar Asia and Valuair of Singapore and Jetstar Pacific, Vietnam’s second largest domestic carrier.
The contract includes a long-term engine service agreement for these aircraft as well as engines installed on 40 aircraft already operated by the three Jetstar Group airline brand businesses.
The V2500 is produced by the International Aero Engines consortium (IAE) in which Rolls-Royce is a senior shareholder. IAE’s other partners are Pratt & Whitney, the Japanese Aero Engines Corporation and MTU Aero Engines.
The 22,000 - 33,000lb thrust V2500 powers the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner. More than 5,500 V2500 engines are in service or on firm order worldwide.
- Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- In 2008, Rolls-Royce and its partners invested £885 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
- Annual underlying revenues were £9.1 billion in 2008, of which 52 per cent came from services revenues. The firm and announced order book stood at £57.5 billion at 30 June 2009, providing visibility of future levels of activity.