The agreement includes over 100 restoration visits, enhancing FTAI’s V2500 engine fleet with IAE’s global support.
FTAI Aviation Ltd. and IAE International Aero Engines AG (IAE) have announced a five-year EngineWise maintenance services agreement for V2500 engines. The agreement includes over 100 full-performance restoration shop visits. IAE is a multinational consortium consisting of Pratt & Whitney, an RTX business, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation, and MTU Aero Engines AG.
Kim Kinsley, president, IAE AG, and vice president, Mature Commercial Engines at Pratt & Whitney, said “FTAI’s expansion of V2500 offerings is a testament to the engine’s reliability and value to lessors, We are committed to working with FTAI on V2500 engine maintenance to optimize fleet performance for FTAI’s customers around the world.”
FTAI Aviation specializes in engine leasing, innovating the services provided to operators by offering a range of standalone engines and unique maintenance products to support their fleets. Currently, FTAI owns over 140 V2500 engines and aims to expand its portfolio to 200 by 2025.
Joe Adams, CEO, FTAI Aviation, said “We look forward to collaborating with IAE to restore these engines together, we are committed to the V2500 engine and see tremendous demand for it in the next decade. Teaming up with IAE allows us to extend the life of the V2500 fleet, while providing flexible engine power to our airline customers.”
The V2500 engine is the most fuel-efficient propulsion system in its class, providing up to a 3% advantage in fuel burn and emissions compared to previous generation engines. It is a versatile engine, powering commercial, cargo, and military aircraft, with a proven track record of reliable and efficient performance.
Pratt & Whitney’s EngineWise service portfolio offers engine operators a range of aftermarket services designed to maximize engine performance and enhance fleet availability.
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FTAI owns and maintains commercial jet engines, with a focus on those for the A320ceo fleet. FTAI’s proprietary product portfolio offers cost savings and flexibility to its airline, lessor, and maintenance, repair, and operations customers. Additionally, FTAI owns and leases jet aircraft, facilitating the acquisition of engines at competitive prices.
Q. – What type of agreement did FTAI and IAE sign?
A. – Five-year EngineWise maintenance services agreement.
Q. – How many full-performance restoration shop visits are included?
A. – Over 100.
