Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China's BOC Aviation signs 340 mln USD deal with IAE
+ -
13:32, September 23, 2007

 Related News
 S&P: BOC not affected by U.S. subprime exposure
 Comment  Tell A Friend
 Print Format  Save Article
China (BOC) Aviation has stricken a 340-million-U.S. dollar deal with International Aero Engines (IAE) to purchase its V2500 engines, company sources said.

The engines will be used to power 20 Airbus aircraft of BOC Aviation.

IAE has supplied engines for 46 Airbus A320 aircraft ordered by BOC Aviation, formerly known as Singapore Aircraft Leasing Enterprise (SALE). The company changed its name on July 2 following its acquisition by the Bank of China (BOC).

"V2500 is the fit choice for BOC Aviation's fleet, the youngest in the leasing business," said Jon Beatty, President and Chief Executive Officer of IAE, a multinational aero engine consortium.

The British engine manufacturer Rolls-Royce said in a report on September 19 that Chinese airlines will need 6,600 new engines over the next 20 years, creating a huge market of 65 billion U.S. dollars.

Source: Xinhua

  Your Message:   Most Commented:
Discussion: China dealing with climate change
Chinese president leaves for Australia
Guest Say: The art of recovering real life on the land
China, Japan vow to enhance defense cooperation

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved