International Aero Engines (IAE) has reached an agreement with existing customer Monarch Airlines to develop customized V2500 engine maintenance solutions, supporting its fleet of 16 Airbus A321s. The contract is valued at $250 million and will cover a total of 35 engines under a fleet hourly agreement. “As the number of V2500 engines in service continues to grow, we remain focused on providing our customers with a variety of options to support their fleets through our V-Services ...

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