DAE Capital agrees IAE A320 engine deal

16 November 2009

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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