Rolls-Royce wins Jetstar Airways order

Engine-maker Rolls-Royce Group has won an order from Jetstar Airways, a subsidiary of Australia's Qantas , for V2500 engines to power up to 90 new Airbus aircraft in a deal worth up to $1.2 billion (738 million pounds). Skip related content

The contract includes a long-term engine service agreement for the Airbus A320 planes as well as engines installed on 40 aircraft already operated by the three Jetstar Group airline brand businesses, Rolls-Royce said in a statement on Thursday.

Jetstar selected the engine for its 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.

Shares in Rolls-Royce closed at 473.40 pence on Wednesday, valuing the group at around 8.7 billion pounds.

(Reporting by Rhys Jones; editing by Paul Sandle)