Posted on: 08 July 2012 by Mark Howells
Volaris and IAE have amended their existing V-Services Fleet Hour Agreement (FHA) to add coverage for 26 incremental V2500 engines.
Volaris’s entire fleet of A320 family aircraft powered by V2500 engines is now covered by IAE’s V-Services aftermarket agreement. This deal is valued at approximately $400 million.
“IAE is delighted to expand our existing V-Services Fleet Hour Agreement with Volaris to cover its entire fleet of V2500 engines. This amended and expanded FHA demonstrates IAE’s commitment to the continued growth and success of Volaris in the years to come,” commented IAE president Jon Beatty. “In recent years Volaris has established itself effectively as a critical element of the Mexican air travel infrastructure, but also has expanded by its growing presence in the United States.”
Volaris currently has 35 aircraft in its fleet, with an additional 13 on firm order, all powered by V2500 engines.