International Aero Engines
IAE International Aero Engines AG is a Zürich-registered joint venture manufacturing company formed in 1983.
[edit] Ownership
Current shareholders are:
- Pratt & Whitney of the United States (65%)
- MTU Aero Engines of Germany (12%)
- The Japanese Aero Engine Corporation of Japan (23%), consisting of:
FiatAvio withdrew as a shareholder of the program early on but the now-renamed Avio S.p.A. still remains as a supplier. The "V" product nomenclature remains as a legacy of the five original shareholders.
In October 2011, Rolls-Royce plc of the United Kingdom agreed to sell its 32.5% stake in the company to Pratt & Whitney, giving them a 65% stake in it.
[edit] Products
IAE had developed the abortive Superfan for the Airbus A340. IAE's current purpose is the development, production and aftermarket services of the IAE V2500 aero engine family, which powers the Airbus A320 family and McDonnell Douglas MD-90 aircraft. The IAE V2500 turbofan is one of the most successful high bypass ratio engines in the world. IAE V2500's direct competitor is the CFM International CFM56.
[edit] External links
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