Turkish Airlines has entered into an agreement under which IAE International Aero Engines AG's V2500 engines will power 25 new A321 aircraft. This brings the total number of V2500-powered A320 aircraft in their fleet to 110.
The deal is valued at $560 million. Aircraft deliveries will commence in 2015 and continue through 2017.
"We value our long-standing relationship with IAE and are very pleased with the reliability of our V2500 engines," said Dr. Temel Kotil, CEO of Turkish Airlines. "This engine supports our mission to become the preferred leading European air carrier with a global network."
"We are proud that Turkish Airlines, one of Europe's fastest growing airlines, has once again shown its confidence in the V2500 engine for their A320 aircraft," said Dave Brantner, president, Pratt & Whitney Commercial Engines. "We look forward to continuing our relationship with them."
Source: Pratt & Whitney, A United Technologies Company (NYSE:UTX)
Date: Feb 11, 2014