Turkish Airlines Orders V2500 Engines For New A321s; Deal Valued At $560 Mln

(RTTNews) - Pratt & Whitney, a unit of diversified conglomerate United Technologies Corp. (UTX), said Turkish Airlines has ordered V2500 engines from IAE to power 25 new A321 aircraft, bringing the total number of V2500-powered A320 aircraft in their fleet to 110.

The deal is valued at $560 million. Aircraft deliveries will commence in 2015 and continue through 2017.

IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.