Short Hops

Turkish Airlines in US$560m engine deal

TURKISH Airlines has entered into an agreement with IAE International Aero Engines for a deal worth US$560 million, where IAE's V2500 engines will power 25 of the airlines' new A321 aircraft. This brings the total number of V2500-powered A320 aircraft in the airline's fleet to 110. Aircraft deliveries will commence in 2015 and continue through 2017.

Airbus to set up S'pore financial hub