International Aero Engines announced that Air Lease Corp., the leasing company formed by ILFC Co-founder and former Chairman and CEO Steven Udvar-Hazy, selected the V2500 to power 30 of 51 Airbus A320 family aircraft it ordered at the 2010 Farnborough Airshow. IAE valued the order at more than $500 million. ALC chose the V2500 SelectOne build standard. Deliveries are set to begin in 2011.
