Rolls-Royce Wins $175m Share of ALC Order

(August 16, 2010) -- Rolls-Royce, the global power systems company, has won a $175m share of an order from new leasing company Air Lease Corporation (ALC) for V2500 engines to power 30 Airbus A320 aircraft.

Deliveries of the aircraft, ordered at the 2010 Farnborough Airshow, are scheduled to start in 2011. ALC was founded earlier this year, raising capital to acquire a new portfolio of aircraft and aims to have 100 aircraft by spring 2011.

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 A319 Corporate Jet. More than 6,000 V2500 engines are in service or on firm order worldwide.

Source : Rolls-Royce Plc (LSE: RR.L)