Friday, February 5, 2010

Qantas unit signs $3.5 bln order for engines, service

Defense News ~ SINGAPORE, Feb 5 (Reuters) - Jetstar Airways, a unit of Qantas (QAN.AX), has signed a $3.5 billion deal with International Aero Engines for V2500 engines and long-term services, it was announced at the Singapore Airshow on Friday.
The International Aero Engines consortium groups Pratt & Whitney (UTX.N) together with Rolls-Royce (RR.L), MTU Aero Engines (MTXGn.DE) of Germany and a trio of Japanese heavy engineering companies.
The announcement by the airshow organisers said the deal consisted of $1.5 billion for the engines and $2.0 billion for a long-term service agreement.
(Reporting by Raju Gopalakrishnan; Editing by David Fogarty)
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