Dubai Airshow: DAE selects IAE V2500 to power 20 new Airbus A320s

Dubai Aerospace Enterprise (DAE) and IAE International Aero Engines today announced that DAE Capital, the aircraft leasing and financial business arm of DAE, has selected the V2500 SelectOne engine to power 20 new Airbus A320 Family aircraft.
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The value of this business is $340 million at list price and deliveries are scheduled to begin in 2011.

These 20 aircraft are part of a 70-aircraft order the leasing company announced in July 2008.

(Left -right): Vice President – Global Leasing at IAE, George Mushahwar, Acting Chief Executive Officer, DAE Group and Bob Genise, CEO of DAE Capital.

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