The aircraft leasing and financial business arm of Dubai Aerospace Enterprise, DAE Capital, has signed an agreement with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney, to buy v2500 Selectone engines to power 20 new A320 Airbus aircraft. According to the $340m agreement, delivery of the engines would start in 2011, the firm said in a statement. The 20 aircraft are part of a 70-aircraft order the leasing company announced in July 2008.
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