Latest Press Releases

Latest Press Releases 2020

Munich, April 30, 2020 – In the first quarter of 2020, MTU Aero Engines generated revenue of €1,272.7 million, an increase of 13% compared with the prior-year period (1-3/2019 €1,131.2 million). The operating profit declined by 3% from €187.6 million to €181.8 million due to the revenue mix. The adjusted EBIT margin was 14.3% (1-3/2019: 16.6%). Adjusted net income was €128.0 million, compared with €133.5 million in the prior-year period.

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Munich, April 14, 2020 – Following the current three-week suspension of operations, MTU Aero Engines is planning a gradual restart of operations at its German sites. Capacities will be increased according to demand and the situation in the supply chain. Extensive measures have been prepared to protect employees’ health.

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Munich, March 26, 2020: The executive board of MTU Aero Engines AG (the "Company") resolved today to withdraw the guidance for the financial year 2020. The Company’s decision is based on the assessment of market scenarios presently deemed likely, and on a catalogue of expenditure reduction measures. The previous guidance was published on February 20, 2020, already with the reservation to review it during the year due to the Corona pandemic.

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Munich, March 23, 2020 – In the face of the coronavirus pandemic (COVID-19), MTU Aero Engines AG will temporarily suspend a large proportion of operations across several facilities in Europe. In doing so, the company is taking into account the interruptions in material supply that have begun. At the same time, it is doing its part to protect employees and contain the spread of the virus. In the areas that are required to stay operational, the company has enforced measures to protect its employees from infection.

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Munich, March 17, 2020 – The Supervisory Board of MTU Aero Engines AG has extended the contracts of two of its Executive Board members – Peter Kameritsch, CFO and CIO, and Lars Wagner, COO – by five years through December 2025. The resolution was passed unanimously at today’s Supervisory Board meeting. “We are pleased to be able to continue our very good and successful working relationship with Peter Kameritsch and Lars Wagner,” said Klaus Eberhardt, Chairman of the Supervisory Board.

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Munich, March 17, 2020 – MTU Aero Engines AG is postponing its Annual General Meeting due to the coronavirus crisis. It was decided today that it will not be held as scheduled on May 7, 2020. The decision was adopted at today’s Supervisory Board meeting. “No new date has yet been set due to the very unclear situation at present,” said CEO Reiner Winkler. “The Annual General Meeting will be held later within the legally prescribed period of eight months after the end of the fiscal year.” The company will announce the new date of the Annual General Meeting as soon as possible.

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Vancouver, 26, 2020 – MTU Maintenance Canada Ltd, MTU’s stronghold and competence center for military engine maintenance will support the United States Air Force’s (USAF) F138 engines and components with depot maintenance, repair and overhaul. The contract is currently valued at 225 million USD, awarded via the Canadian Commercial Corporation, and runs for ten years to February 2030. 

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Dubai, 24th February, 2020 – MTU Maintenance, global leader in customized solutions for aero engines, announces at the MRO Middle East today that it has opened an office in close vicinity of Dubai International Airport (DXB). While MTU has always been present in the region, the company is proud to have made this move and be even closer to its customers. It is part of its global growth strategy and enables immediate proximity to the commercial engine maintenance and leasing scene in the region – and in turn, to meet their needs better and faster. This opening follows on from the recently opened MTU Maintenance Lease Services office in Singapore and Dublin. 

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Munich, February 20, 2020 – MTU Aero Engines AG had another record year: revenue in 2019 reached a new high of €4,628.4 million (2018: €4,567.1 million). Operating profit came in at €756.9 million, surpassing the previous high of €671.4 million in 2018 by 13%. The EBIT margin rose from 14.7% to 16.4%. Net income increased by 12%, from €479.1 million to €537.6 million.

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BA at London City Airport

Ludwigsfelde, 7 February, 2020 – MTU Maintenance, global market leader in customized solutions for aero engines and esteemed long-term partner BA CityFlyer have extended their exclusive CF34-8E and -10E MRO contract to year end 2023. 

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