THY AIRLINES ORDERS MORE IAE V2500 ENGINES

Turkish Airlines (THY), the national carrier of Turkey, has again selected the International Aero Engines AG V2500 SelectOne™ engine to power its A320 family aircraft. IAE will deliver 10 firm engines in 2013.

This follow-on order is valued at up to $200 million and will power A321 aircraft.

“We have been very pleased with the exceptional relationship we share with International Aero Engines, as well as the performance of its V2500 engine,” said Mr Hamdi Topçu, Chairman of Turkish Airlines. “It has helped us to maintain our reputation that reinforces our image as a leader in one of the most demanding aviation markets.”

THYs fleet currently operates in Europe, the Middle East, North Africa and the Commonwealth of Independent States (CIS). The airline has been a V2500 operator since 2004 and this is the fourth time they have selected IAE.

“We believe that THY has again expressed its satisfaction with the V2500’s performance through this follow-on agreement,” said Ian Aitken, president of IAE. “This is another example of how our focus on our customer satisfaction, reliability, maintainability and efficiency play a key role in IAE being a leader in the global engine market.”

The V2500 SelectOne™ build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It improves time-on-wing by up to 20 percent, and will be compliant with the most stringent CAEP/6 NOx standards. It entered service on schedule in October 2008.

IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L.), Japanese Aero Engines Corporation and MTU Aero Engines. There are more than 5,500 V2500s in service or on firm order with more than 170 customers around the world.