AIRSHOW-Qantas unit signs $3.5 bln order for engines, service

SINGAPORE, Feb 5 (BestGrowthStock) – 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.

Stock Report

(Reporting by Raju Gopalakrishnan; Editing by David Fogarty)

AIRSHOW-Qantas unit signs $3.5 bln order for engines, service