New players for the single-aisle market
Back then, Boeing and McDonnell Douglas (still separate companies) dominated the market with their 727, 737, and MD-80 models; their growing European competitor Airbus had only just started developing its own single-aisle model. The official program launch for today’s A320 family was in March 1984. Development of the V2500 engine also began at around the same time. It was based on Pratt & Whitney’s PW2000, in the development of which MTU had already proven itself to be a reliable partner. This is why the German company was once again on board for the new project, this time as a risk and revenue share (RRS) partner. MTU initially held a 12.1 percent share, which mainly comprised the low-pressure turbine. When Rolls-Royce withdrew from the program in 2012, MTU increased its share to 16 percent. According to Michael Schreyögg, Chief Program Officer at MTU, this was “one of the largest acquisitions in MTU history.”
In September 1988, the newly certified Airbus A320 with the V2500 engines made its debut at the Farnborough International Airshow. Both programs grew slowly at first, with sales forecasts of a few hundred aircraft. Adria Airways, a charter airline from Ljubljana in Slovenia, received the first aircraft in 1989. By the time IAE celebrated its 40th anniversary in 2023, 7,850 of the engines had been delivered, 5,280 of which are still in operation.