Rolls-Royce (RR.L) said it has won a share of an order from Jetstar Airways for V2500 engines to power up to 90 Airbus A320 family aircraft. The order is worth up to $1.2 billion to Rolls-Royce if all options are exercised.
Jetstar, a wholly-owned subsidiary of Qantas Airways, has selected the engine for a new fleet of 50 additional aircraft, with options and purchase rights on up to 40 more. The aircraft will be distributed amongst the Jetstar Group fleet that includes investments by Qantas in low cost carriers Jetstar Asia and Valuair of Singapore and Jetstar Pacific, Vietnam's second largest domestic carrier.
The contract includes a long-term engine service agreement for these aircraft as well as engines installed on 40 aircraft already operated by the three Jetstar Group airline brand businesses.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.