10th Feb 2005 07:30
10 February 2005 AIR DECCAN V2500 ORDER WORTH $200M TO ROLLS-ROYCE Rolls-Royce announced today (10 February) that its share of Air Deccan's orderfor the IAE International Aero Engines V2500 engine, including a long-termFleet Hour Agreeement, to power its fleet expansion of 30 Airbus A320s is worth$200 million.The total value of the deal to IAE, in which Rolls-Royce is a principalshareholder, is $600 million.India's Air Deccan already operates seven V2500-powered A320s, serving domestictrunk routes. Delivery of the first of the additional 30 A320s is scheduled for2007.IAE President Mark King, speaking at Aero India in Bangalore today, said: "AirDeccan is India's first low-cost carrier and we are pleased to be a part of thecompany's expansion. With its low cost fare structure, Air Deccan isrevolutionsing air transportation and also establishing a solid platform forcontinued, sustainable economic growth in India."This selection further underlines the appeal of the V2500 to operators of theAirbus A320 family and to low cost carriers in particular."For the past eight years, our average market share of the A320 family has been56 per cent and our share of the low cost carrier market has been 64 per cent -testimony to the reliable, cost-effective and fuel efficient V2500. "Air Deccan Managing Director Captain Gopinath said: "Since its entry intoservice with Air Deccan in 2004, the V2500 operation has been flawless. Thereliability and economic characteristics of the V2500 have been critical to oursuccess to date and the fact that this is repeat business for IAE pays them andtheir product a significant compliment. The ongoing partnership between AirDeccan and IAE will, we believe, help us to achieve our vision of affordableair transportation in India for the common man."The 22,000-33,000lb of thrust V2500-A5 is available in seven different thrustsettings to power the Airbus A319, A320 and A321 family of aircraft as well asthe A319 Corporate Jet.For further information please contact:Gary AtkinsCommunications ManagerTel +44 (0) 1332 248389Email: [email protected]Related Shares:
Rolls-Royce