International Aero Engines Launches SelectTwo™ Program

Paris, France (June 20, 2011) -- International Aero Engines AG (IAE) has announced the launch of its next generation V2500 engine -- V2500 SelectTwo™.

An upgrade option for the V2500 SelectOne™, SelectTwo is projected to provide 0.58% fuel burn savings compared to the V2500 SelectOne engine for a 500 nautical mile A320 mission. SelectTwo is comprised of a software upgrade for the Electronic Engine Control (EEC) as well as a new data entry plug (DEP).

“SelectTwo is the latest example of how IAE effectively strives for new methodologies that enhance value to our customers,” explained Ian Aitken, IAE President & CEO. “We are fully committed to providing substantial support and continued investment in the V2500.”

For a 10 aircraft Airbus A320 fleet flying 2300 flights per year, this upgrade equates to savings of $4.3M USD over 10 years at current fuel prices, and 14,800 tons of CO2. Additionally, V2500 SelectTwo remains compliant with the most stringent CAEP/6 NOx standards.

With more than 190 customers in over 70 countries, the IAE V2500 attracts customers as the most cost effective engine on the A320 Family. It is available in seven different thrust settings, from 22,000 to 33,000lb, to power the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner.

IAE is a global aero engine consortium whose shareholders are comprised of Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L), Japanese Aero Engines Corporation and MTU Aero Engines.