FARNBOROUGH 2012: Monarch signs IAE’s V-Services aftermarket agreement

IAE has reached an agreement with Monarch Airlines to develop customised V2500 engine maintenance solutions to support the carrier’s fleet of 16 Airbus A321s.

This new agreement, valued at $250M, was completed this spring and will provide Monarch with comprehensive maintenance coverage for many years to come.

“As the number of V2500 engines in service continues to grow, we remain focused on providing our customers with a variety of options to support their fleets through our V-Services initiatives, which are tailored to meet complex customer requirements,” explained IAE president Jon Beatty. “We believe our agreement with Monarch will optimise their fleet operational performance while providing a more predictable means for managing maintenance costs.”

“We needed flexibility and an innovative approach to our engine R&O strategy and one that continued to provide both high levels of maintenance quality and predictable cost,” explained Monarch technical director Mick Adams. “IAE worked closely with our team and provided an option that worked best for our engine fleet.”

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