China Eastern Airlines has awarded IAE International Aero Engines an order for V2500 engines to power a new fleet of 50 Airbus A320-family aircraft. The agreement also includes a long-term IAE engine maintenance agreement. The value to Pratt & Whitney of the order and aftermarket agreement is approximately $400 million. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company and a major participant in IAE.

IAE is a multinational aero engine consortium comprised of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corp. and MTU Aero Engines. Nearly 5,500 V2500 engines are in service or on firm order with the worldwide fleet accumulating more than 85 million flying hours. Pratt & Whitney is a proud member of the IAE consortium, which has provided outstanding engines and support services to its nearly 200 global customers for more than 25 years. Pratt & Whitney recently reaffirmed its commitment to IAE and its product line, agreeing to extend IAE’s collaboration agreement to 2045.

The V2500 is available in seven different thrust settings, ranging from 22,000 to 33,000 lbs., to power the Airbus A319, A320 and A321 family of aircraft as well as the A319 Corporate Jet.

Pratt & Whitney press release