P.M. BRIEFING : Calif. Firm to Buy Aircraft Engines
British manufacturer Rolls-Royce PLC said today that California-based International Lease Finance Corp. has agreed to buy aircraft engines worth $200 million.
The airliner leasing company has ordered 22 engines for Boeing 757s and 13 engines for 747s and 767s.
Rolls-Royce director Frank Turner told reporters at the Paris international air show that the purchase was based on a business agreement between the two groups drafted in May, 1988.
International Lease Finance Corp. has ordered only one of the Boeing 757s so far and will take delivery in the next 18 months, Turner said. The rest of the aircraft will be ordered and delivered in the next five years.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
