Press Archive 2010

Hanover, December 2, 2010 – Reliable service pays off: Brazilian airline TAM Linhas Aéreas S/A has placed a follow-on contract to an agreement it originally concluded with MTU Maintenance Hannover back in 1999. Under this new agreement, the company will provide maintenance services for another 57 V2500 engines powering the carrier's A320-family aircraft, in addition to the 84 engines covered by the earlier agreement. The exclusive contract runs until mid-2019 and will generate over 500 million Euros (700 million U.S. dollar) in additional revenues.

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Hannover, Germany, November 11, 2010 – MTU Maintenance Hannover is pleased to welcome back a valued former customer: Royal Jordanian Airlines, one of the most prestigious airlines in the Middle East, has awarded the Langenhagen-based company an exclusive contract for the maintenance of 26 V2500 engines from its fleet of A320-family aircraft. The contract will run until March 2014.

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Munich, October 26, 2010 – MTU Aero Engines Holding AG's nine-month results 2010 show the company is well on its way to achieving its targets for the year as a whole. Revenues increased by 2% to € 1,992.3 million after € 1,954.9 in the previous year. MTU boosted its earnings1 by 7% to € 226.1 million (1-9/09: € 210.8 million). At 11.3%, the EBIT margin was up 0.5 percentage points compared with the same period in 2009, while the company's net income improved by 7% to € 99.6 million
(1-9/09: € 93.4 million).

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Munich / Appleton, U.S.A., September 17, 2010 – MTU Aero Engines continues to strengthen its repair activities: In early September, the company's U.S. operation in Appleton, Wisconsin received the FAA's approval as a certified repair station. "With the approval now obtained, we can offer on-wing services for CF34 engines also to customers in the U.S.," says Dr. Stefan Weingartner, President and CEO, Commercial Maintenance. Maintenance services for other engine types shall follow. 

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Munich, July 27, 2010 – MTU Aero Engines Holding AG has posted successful results for the first six months of 2010, with revenues amounting to € 1,348.8 million, compared with first-half-year revenues of € 1,376.0 million in 2009. Operating profit1 has improved by 5% to € 144.1 million (1-6/09: € 137.1 million). At 10.7%, the EBIT margin is 0.7 percentage points higher than the figure for the equivalent period one year earlier. Net income increased by 9% from € 55.7 million in the first six months of 2009 to € 60.6 million. The net income figure reflects the lower financial result attributable to currency translation differences at the reporting date.

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Hannover, Germany, July 26, 2010 – MTU Maintenance Hannover has expanded its repair capabilities by including GE’s GE90-110B and -115B engines in its portfolio. Dr. Stefan Weingartner, President and CEO Commercial Maintenance at MTU Aero Engines, said: "With the addition of these propulsion systems for wide-body aircraft, which are sold successfully across the globe, we are broadening our Hannover-based facility's range of products and services."

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Farnborough, July 22, 2010 – This year's international airshow in Farnborough near London opened with excellent news for the entire aviation industry. A number of profitable deals were announced on the very first trade days of the event in Great Britain. MTU Aero Engines, too, will benefit from numerous orders coming in: The three carriers China Southern Airlines, Yemen Airways (Yemenia) and Vietnam Airlines have selected the V2500 to power their A320-family aircraft, with some of the contracts including long-term aftermarket services agreements.

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Ludwigsfelde, July 12, 2010 – MTU Maintenance Berlin-Brandenburg will have a new President and Chief Executive Officer (CEO) when on October 1, 2010, André Sinanian (41) takes the helm of the Ludwigsfelde-based MRO specialist. He succeeds Dr. Wolfgang Konrad, who will take on new responsibilities outside MTU.

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Munich, June 30, 2010 – What will the engine of the future be like? How can high-pressure compressors be designed to boost efficiencies even further? What promise does the use of intercoolers and recuperators hold? What innovative technologies will the combustor of the future incorporate? And which novel design and production processes does the industry need to be able to build tomorrow's engines?

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Ludwigsfelde, Germany, June 17, 2010 – MTU Maintenance Berlin-Brandenburg has scored another success: British regional airline BA CityFlyer, a wholly-owned subsidiary of British Airways, will send all its 22 CF34-8E and CF34-10E engines powering its fleet of Embraer 170 and 190 jets to the German engine specialists for repair, maintenance and overhaul.

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Berlin, June 9, 2010 – In the current year, MTU Aero Engines expects the market to develop at least at the rate projected at the beginning of this year, in some areas perhaps at an even higher pace. “The passenger and cargo volumes carried by the airlines already markedly exceed initial expectations,” explained MTU CEO Egon Behle at the company’s press conference held today at the 2010 International Aerospace Exhibition and Conferences (ILA) in Berlin.

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Berlin, Germany, June 9, 2010 – Sikorsky Aircraft Corp. and MTU Aero Engines today announced the signing of a Letter of Cooperation to jointly explore aerospace industry cooperation in Germany. It is the second initiative of this kind announced by Sikorsky in its efforts to introduce the MHP148 Cyclone multi-role helicopter into Germany. Sikorsky Aircraft is a subsidiary of United Technologies Corp..

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Munich, May 28, 2010 – MTU Maintenance has been honored with a prestigious distinction: The readers of international Aircraft Technology Engineering & Maintenance (ATE&M) magazine have chosen the company to be the world's Best Engine MRO. The ATE&M Awards are presented annually. What's special about them is that nomination and voting are decided by the publication's readership: entitled to vote are only employees from airlines and suppliers.

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Munich, April 20, 2010 – MTU Aero Engines Holding AG generated revenues of € 640.2 million in the first quarter of 2010 (1-3/09: € 693.1 million). The Group’s operating profit1 amounted to € 68.8 million at the end of March 2010, compared with a first-quarter result of € 75.2 million in 2009. The EBIT margin has remained stable at 10.7 % (1-3/09: 10.8 %). MTU’s net income for the three-month period improved by 5 % from € 31.0 million in 2009 to € 32.6 million in 2010.

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Munich, April 13, 2010 – MTU Aero Engines has accomplished another major milestone on its route to maturing the geared turbofan technology for production use: The first high-speed low-pressure turbine for the engine powering the Bombardier CSeries aircraft has been completed in Munich.

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Atlanta, Georgia (U.S.), March 15, 2010 – In March, MTU Aero Engines officially opened its new sales office in Atlanta, Georgia. During the brief opening ceremony, Dr. Stefan Weingartner, MTU President and CEO, Commercial Maintenance, said there was good reason for establishing a local presence in the region: "We felt it was important to get closer to customers in this, our largest market to further improve on our already outstanding levels of service."

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Munich, March 9, 2010 – New contract win for the Pratt & Whitney PurePower? PW1000G Engine: Republic Airways has signed a purchase agreement with Bombardier Aerospace for 40 CSeries aircraft with options on up to 40 additional aircraft. The twin-engined airliner is exclusively powered by the Pratt & Whitney PurePower PW1000G engine. MTU Aero Engines is a major stakeholder in this innovative, next-generation propulsion system.

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Munich, March 8, 2010 – MTU Aero Engines, Germany's leading engine manufacturer, for the second time in a row has achieved gold status, the highest level in the supplier rating program of Pratt & Whitney's parent United Technologies Corporation (UTC). The official UTC Supplier Gold Award presentation took place in Munich in early March.

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Munich, February 24, 2010 – MTU Aero Engines Holding AG has fully met its business forecasts for the financial year 2009. This was announced at the company’s annual press conference on February 24, 2010. MTU reported revenues of € 2,610.8 million (2008: € 2,724.3 million), in line with the targeted level of around € 2.6 billion. MTU generated an operating profit (EBIT adjusted) of € 292.3 million (2008: € 331.0 million), which is slightly higher than the upwardly revised forecast of approximately € 290 million.

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Munich, February 8, 2010 – For MTU Aero Engines, the 2010 Singapore Airshow proved a profitable event: Just a few days before the event officially opened, Germany's leading engine manufacturer had already benefited from a major V2500 engine order placed with International Aero Engines (IAE); now the engine consortium has announced more contracts it received over the course of the trade show. For MTU, which holds an 11-percent share in IAE, these deals translate into sales worth about 65 million euros.

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