IAE International Aero Engines AG announced today that it has signed an exclusive, 10-year V-Services Fleet Hour Agreement (FHA) 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.
"The V2500 engine has been a strong powerplant in our fleet and has contributed to helping us achieve our vision of excelling in everything we do," said Christopher Gibbs, engineering director, Cathay Pacific Airways. "It is a reliable and environmentally friendly engine that, under FHA management, will help in our continued drive to improve operational efficiency."
"We are thrilled that Cathay Pacific selected IAE to service Dragonair's A320ceo family of aircraft," said Matthew Bromberg, president, Pratt & Whitney Aftermarket. "Cathay Pacific will enjoy the benefits that come with a V-Services FHA, which include comprehensive maintenance support, cost effectiveness and improved reliability for the fleet."
In addition to FHAs, IAE's comprehensive V-Services aftermarket portfolio includes Fixed Price Maintenance Deals, Material Plans, Spare Engine Solutions and Lessor Direct Options. Today, nearly 60 percent of the installed V2500 fleet is backed by a V-Services agreement.
Source: International Aero Engines
Date: Apr 10, 2014