JetBlue Signs $900 Million Deal For IAE Engines

JetBlue, the new JFK-based, low-fare carrier, has signed a contract worth up to $900 million with International Aero Engines (IAE) for V2500 engines to equip its fleet of Airbus Industrie A320 family aircraft. The airline recently acquired up to 82 of the new aircraft, if all options are exercised, valued in excess of $4 billion.

JetBlue has placed firm orders for 25 aircraft, scheduled for delivery from June 2000. The value of the firm business for IAE is $300 million.

David Neeleman, Chief Executive of JetBlue, said: “Choosing the airframe/engine combination for a new airline is a critical decision that can have a long-term impact on the future of an airline. We chose the V2500 because of its industry-leading performance and reliability and look forward to developing our strategic relationship with IAE.”

Mike Field, IAE`s Senior Vice President of Sales, said: “Winning this business from JetBlue is a notable success for the V2500. We are proud to have earned the confidence of the management team at JetBlue, and will demonstrate over the coming years that that confidence is well placed.”