China Southern Airlines Orders 20 Airbus A320s Powered by V2500 Engines

Strategic Insights -

China Southern Airlines, one of the largest operators of the V2500 engine, has awarded International Aero Engines (IAE) an order for V2500 engines to power a new fleet of 20 Airbus A320-family aircraft. This significant order includes a long-term IAE aftermarket services agreement, valued at approximately $132 million for Pratt & Whitney. The airline's existing fleet of 136 V2500 engines has logged over three million flying hours since they first operated the engine in 1996.

Key Takeaways:

  • China Southern Airlines has ordered 20 Airbus A320-family aircraft powered by V2500 engines from International Aero Engines (IAE).
  • The order includes a long-term IAE aftermarket services agreement valued at approximately $132 million for Pratt & Whitney.
  • China Southern Airlines operates the largest fleet of V2500 engines, with 136 aircraft in service, accounting for over three million flying hours since 1996.
  • The airline has upgraded 26 of its existing V2500-A5 fleet to the new V2500 SelectOne build standard since its introduction in late 2008.
  • The V2500 SelectOne build standard offers a 1% fuel burn advantage and up to 20% improvement in time on-wing compared to the standard V2500-A5.
  • The V2500 engine is compliant with the most stringent CAEP/6 NOx standards and offers seven different thrust settings from 22,000 to 33,000 lbs.
  • IAE is a multinational aero engine consortium comprised of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation, and MTU Aero Engines.
  • Over 5,500 V2500s are in service or on firm order worldwide, making it a prominent engine choice for the A320 family.

Statistics:

  • 20: The number of Airbus A320-family aircraft ordered by China Southern Airlines.
  • 136: The number of V2500 engines operated by China Southern Airlines.
  • 3,000,000: The number of flying hours logged by China Southern Airlines' V2500 engines since 1996.
  • $132 million: The estimated value of the long-term IAE aftermarket services agreement for Pratt & Whitney.
  • 20%: The improvement in time on-wing offered by the V2500 SelectOne build standard compared to the standard V2500-A5.
  • 7: The number of different thrust settings offered by the V2500 engine.
  • 5,500: The total number of V2500s in service or on firm order worldwide.

Sources:

  • China Southern Airlines press release
  • United Technologies Corp. (NYSE: UTX) press release
  • Pratt & Whitney press release
  • Daily Pak Banker article
  • Published by HT Syndication with permission from Daily Pak Banker.