Visit : www.indiastrategic.in
Headlines:
top_banner_2
General-automatics

IAE launches new engine in India

New Delhi. Leading aircraft engine maker International Aero Engines (IAE) launched its new engine into commercial service with Indian carrier IndiGo, claiming it would enable considerable saving of jet fuel and reduce costs.

“These engines will reduce fuel burn and lead to savings of about Rs four lakh per month per aircraft,” IndiGo CEO Bruce Ashby said. The IAE claims its Selectone engines deliver “an additional one percent fuel burn advantage.” IndiGo had placed the single largest order for the V2500 engines along with its 100 Airbus A-320 aircraft order in 2005. The value of the IAE engine deal alone was $1.7 billion at list prices. This new V2500 engine build standard, which delivers an additional one percent fuel burn benefit, was delivered on schedule, maintaining the programme’s unparalleled record for meeting its deadlines. Aircraft level certification, EASA CS-25, was achieved in July this year, following FAR33 engine level certification in December 2007.

Ashby said his airline required “world class and dependable” engines to power its fleet to perform on-time. Low cost carrier IndiGo’s Airbus A-320 aircraft, fitted with the brand new V2500 Selectone engines, have been put on sectors like Jaipur-Ahmedabad, Jaipur-Chennai (via Mumbai) and Jaipur- Guwahati (via Kolkata) as well as between Ahmedabad and Bangalore, Pune and Kolkata.

IAE launches new engine in India-1The aircraft, registration VT-INV, which is leased from Australia’s Allco Finance Group, was handed over to IndiGo at the Airbus facility in Toulouse before flying to its new home base in Delhi, India. IAE President and CEO, Jon Beatty, said: “In many ways, today is the final chapter in an incredible journey with the SelectOne™ development program, yet it is the start of another as we enter into service. IndiGo is an ambitious and forward-thinking organization that recognized the value that V2500SelectSM and the V2500 SelectOne engine would have for airlines, so it is a fitting recipient of the first aircraft.”

US-based IAE’s Vice President (Customer Business) Ian Aitken said his company was a market leader in India with “over 80 percent of the A-320 fleet in service or on order with Indian carriers being powered by the V2500 engines.” As on date, IAE, with its engine orders, would power over 285 aircraft in India. While the IAE engines power 84 percent aircraft delivered to Indian carriers so far, its V2500 engines would be fitted on to 82 percent of the aircraft to be delivered. Observing that his company had served the Indian market for over 25 years, including the A-320 fleet of the erstwhile Indian Airlines, he said the new engines could be fitted on to the A-319s, A-320s and A-321s, which were in the process of being acquired by Indian carriers including the stateowned carrier.

The US-based IAE is a 25-year old multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Rolls Royce, Japanese Aero Engines Corporation and MTU Aero Engines. This year it is celebrating the 25th Anniversary of the formation of the company. It competes with another major engine manufacturer, CFM, the company Vice President said.

“IAE has 170 customers across 56 nations with over 3,500 engines in service. It is estimated that one aircraft with V2500 engines takes off or lands in any part of the world every three seconds,” Aitken said.

Aitken also said his company was interested in pursuing investment opportunities in India to establish jet engine shops, though the existing manufacturing units were enough for the moment to take care of 2,000 engine order backlog.

In 2005, IndiGo placed the single largest order for the V2500 when it purchased engines for a fleet of 100 A320s, supported by a comprehensive V2500SelectSM aftermarket agreement. The value of the engine deal alone was $1.7 billion at list prices. The 22,000-33,000lb of thrust V2500 is available in seven thrust settings to power the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner. More than 5,000 V2500 engines are in service or on firm order.

The SelectOne build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It will improve timeon-wing by up to 20 percent, and demonstrate compliance with the most stringent CAEP/6 NOx standards.

IAE International Aero Engines also announced that Hong Kong’s BAA Jet Management Ltd. has selected the V2500 to power three Airbus Corporate Jets (ACJ) under its management. All of the engines will be covered by an ExecSelectSM aftermarket support program tailored specifically for corporate jet operators.

Ricky Leung, Managing Director at BAA, said: “The V2500 is the proven technology leader on the Airbus A320 family, providing our clients with significant advantages in terms of reliability, fuel burn and environmental performance.

Combined with ExecSelectSM Program services, a truly comprehensive support package, we feel that our customers have the best engine solution for their jets. IAE also impressed us with its responsiveness and its ability to tailor its services to the unique corporate jet environment particularly in Asia.”

IAE Executive Vice President Customers Ian Aitken added: “We’ve worked closely with BAA Jet Management Ltd. to deliver a solution that really works for their customers. The V2500 addresses the key concerns of corporate jet operators in terms of operating costs and environmental impact. With full aftermarket support provided by IAE, the residual value of their engine assets is also sustained, giving customers security in their investment.”

BAA Jet Management Ltd. with offices in Hong Kong, Shenzhen and Beijing, China is one of the leading aviation companies in Asia, specializing in aircraft charters and management, flight support services, aircraft sales and acquisition.

The 22,000-33,000lb of thrust V2500 is available in seven different thrust settings to power the Airbus A319, A320 and A321 Family of aircraft as well as the Airbus Corporate Jetliner. More than 5,000 V2500 engines are in service or on firm order. At the Farnborough International Airshow in July, the V2500 was selected for an ACJ owned by Hong Kong Airlines. The IAE engine has been selected to power a total of 25 ACJs.

The SelectOne™ build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It will improve timeon-wing by up to 20 percent, and demonstrate compliance with the most stringent CAEP/6 NOx standards. It entered service this month.

© India Strategic