Posted on: 10 March 2011 by Ross McSweeny
The Executive Board of Directors of International Aero Engines (IAE) – the multi-national aircraft engine consortium comprising Pratt & Whitney, Rolls-Royce, Japanese Aero Engines Corporation and MTU Aero Engines – has announced the extension of its collaboration agreement to 2045.
“We are pleased with the extension of the IAE collaboration agreement to 2045,” commented Ian Aitken, IAE’s president and CEO. “Our employees and suppliers have worked diligently to provide best-in-class engine performance, service and support for our V2500 customers.”
At a recent gathering, the IAE shareholders jointly reiterated their commitment to IAE, noting that the organisation has provided outstanding engines and support services to global airline customers for over two decades.
“After 27 years, we continue to be the industry leader for the Airbus A320 family of aircraft,” claimed Aitken. “Our substantial investment and ability to develop and apply our technology will contribute to our success as we produce these engines for many years to come.”
The extension comes despite Pratt & Whitney’s PW1000G family of engines moving into the same thrust category as the V2500, particularly the PW1100G which has been chosen by Airbus for its A320neo (new engine offering). The PW1000G family features a geared turbofan, a technology which Rolls-Royce has openly dismissed as being in its future plans.