JetBlue Signs Long Term Agreement With Pratt & Whitney for Service of 230 V2500 Engines
Pratt & Whitney announced on Thursday the signing of a long-term agreement with JetBlue for the service of 230 V2500® engines. The 13 year fixed-price agreement covers the engines that power the carrier’s Airbus A320ceo fleet.
Today (July 30, 2020), Pratt & Whitney announced that JetBlue has signed a 13-year fixed-price EngineWise® service agreement with their affiliate International Aero Engines AG (IAE) for the service of 230 V2500® engines. The reliable and fuel-efficient engines power JetBlue’s fleet of 193 Airbus A320ceo Family aircraft. The carrier has also ordered 85 GTF powered Airbus A320neo Family aircraft, of which ten have been delivered, as well as 70 GTF powered Airbus A220s. The V2500 engine is available through IAE, a multi-national consortium which includes Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines and MTU Aero Engines. In Thursday’s announcement, JetBlue’s Chief Financial Officer, Steve Priest said,
“The V2500 engine has been the workhorse of the JetBlue fleet since the airline’s inception. This agreement provides predictable maintenance and supports efficient operations needed to serve our customers for many years to come.”
Also commenting on the new service agreement, Pratt & Whitney’s Chief Commercial Officer, Rick Deurloo added,
“We truly appreciate our long-standing and successful relationship with JetBlue. We are committed to partnering with the airline on V2500 engine maintenance to optimize fleet performance well into the future.”
The highly successful V2500 engine program is backed by a global network of 18 maintenance, repair and overhaul (MRO) facilities, including nine IAE partner facilities. Three of the IAE partner facilities are managed by Pratt & Whitney and their joint venture partners including the Turkish Engine Center in Istanbul, the Shanghai Engine Center in China and New Zealand’s Christchurch Engine Center.
A division of Raytheon Technologies Corporation (NYSE: RTX), Pratt & Whitney is a global leader in the design, manufacture and service of aircraft and helicopter engines and auxiliary power units (APUs) for commercial, military, regional, business and general aviation aircraft. Pratt & Whitney is known for their innovative technologies such as the Geared Turbofan (GTF) commercial aircraft engine and the PW800 business jet engine. In 2020, the company is celebrating their 95th year in business.
Source: Pratt & Whitney