Press Archive 2012

Zhuhai, China, Munich, November 12, 2012 – In order to meet the growing expectations of the global aviation market, MTU Maintenance Zhuhai, a joint venture between Germany’s leading engine manufacturer MTU Aero Engines and  China Southern Air Holding Company, has extended its main engine repair shop by 5,900 square meters to increase the overall capacity by 50 percent from currently 200 to 300 shop visits per year. “We are very proud of this milestone,” said Dr. Stefan Weingartner, President Commercial Maintenance and member of the board at MTU Aero Engines, at the opening celebration.

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Munich, October 23, 2012 – MTU Aero Engines Holding AG continues to grow: In the first nine months of 2012, the company posted an increase in revenues of 19% to €2,468.0 million (1-9/2011: €2,067.3 million). Operating profit1 rose by 13% from €245.3 million to €278.0 million. The operating margin reached 11.3% after 11.9% in the equivalent period last year, while earnings after tax2 also increased, climbing by 17% to €173.1 million (1-9/2011: €147.7 million).

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Berlin, September 11, 2012 – At its press conference at the ILA Air Show in Berlin on Tuesday, September 11, MTU Aero Engines presented itself as a company geared up for the future, its business activities encompassing a balanced mix of commercial and military engine programs and maintenance, repair and overhaul (MRO) services. The company’s focus is clear: “By the year 2020, we want to achieve our goal of six billion euros in revenues,” emphasized MTU CEO Egon Behle.

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Munich, August 13, 2012 – Never before has Germany’s leading engine manufacturer made such a diversified appearance at a trade fair: At this year’s ILA Berlin Air Show, MTU Aero Engines will showcase its capabilities at eight different places. The company's own booth will feature a selection from its portfolio of products and services. Among the highlights are four complete engines for military and commercial aircraft. “This year, the focus will be on the presentation of our Polish affiliate.

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Munich, July 25, 2012 – MTU Aero Engines Holding AG is making good progress toward its growth targets: by the end of June 2012, the Group had increased its revenues by 16% to €1,559.0 million (1-6/2011: €1,346.5 million). Operating profit1 rose by 7% from €164.4 million to €175.8 million, resulting in an operating profit margin of 11.3% (1-6/2011: 12.2%). Net income2 also registered a significant increase of 11%, rising to €109.7 million (1-6/2011: €98.4 million).

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Hanover, Germany, July 16, 2012 – MTU Maintenance Hannover is proud to announce that it has won another customer, the German express cargo operator AeroLogic, for the maintenance of the GE90. Dr. Stefan Weingartner, President and CEO Commercial Maintenance at MTU Aero Engines, said: “The GE90 is the world’s largest engine, and we are proud to have added the first German carrier to our MRO customer base.”

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Munich, July 12, 2011 – This year’s Farnborough International Airshow on the outskirts of London turned out to be very successful for MTU Aero Engines: Germany’s leading engine manufacturer reports orders worth around 1.3 billion euros. “This marks an all-time high in MTU’s history. In terms of value, it’s the biggest order volume we’ve ever secured at a trade show,” says MTU CEO Egon Behle. “Notably the new geared turbofan engines continue to be very successful in the marketplace.”

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Munich, July 6th, 2012 - Sagem (Safran group) and MTU Aero Engines today announced the signature of an agreement to form a 50/50 joint venture, AES Aerospace Embedded Solutions GmbH  to provide safety-critical software and hardware for military and civil aviation applications. The agreement was signed by Philippe Petitcolin, Chairman and CEO of Sagem (Safran group), and Egon Behle, CEO of MTU Aero Engines, in a ceremony also attended by Jean-Paul Herteman, Chairman and CEO of the Safran group.

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Munich, June 29, 2012 – Germany’s leading engine manufacturer is strengthening its role in the International Aero Engines (IAE) consortium, laying the foundation for future revenue and earnings growth. MTU Aero Engines, for its part, has increased its overall stake in the IAE V2500 engine program by five percentage points, effective June 29, 2012 , via a separate risk revenue sharing agreement with Pratt & Whitney.

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Vancouver, June 22, 2012 – After a significant increase of its accessory repair business over the past years, MTU Maintenance Canada, a  North American affiliate of MTU Aero Engines  has opened a new Accessory Repair Centre (A.R.C.), allowing the company to offer customers increased accessory repair capabilities and a wider product portfolio. “The new accessory  shop in Vancouver together with the expansion of our services show that MTU Maintenance is increasingly present in the MRO market,” said Dr. Stefan Weingartner, President, Commercial Maintenance at MTU Aero Engines.

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Munich, June 14, 2012 – MTU Aero Engines Holding AG has successfully placed a € 250 million bond on the capital market. It has a five-year term, expiring 2017, and a coupon of 3.0 %. The proceeds of the new issue will be used for general business purposes. “Despite the highly volatile market environment, we were able to take advantage of our good reputation in the capital markets to boost our liquidity at very favorable conditions,” said Reiner Winkler, CFO of MTU Aero Engines Holding AG. “That grants us greater freedom to continue pursuing our strategy of sustainable growth.”

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Munich, Riyadh, June 5, 2012 – Leading Saudi Arabian maintenance company MEPC today inaugurated a new facility in a move to strengthen its position as a provider of military engine maintenance, repair and overhaul (MRO) services for the whole of the Middle East region. MTU Aero Engines’ partner had two good reasons to celebrate: First, a brand-new, state-of-the-art building worth a two digit million amount, which has now been dedicated to its intended use as planned after 18 months of construction; and second, the inauguration marked a big step forward in the company’s expansion plans.

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Munich, May 9, 2012 – Melanie Wolf (39) has been named the new head of Press and Public Relations for MTU Aero Engines Holding AG in Munich, effective June 1, 2012. She succeeds Odilo Mühling, who retires on May 31. In her new position, Wolf is responsible for planning and directing the company’s German and international media relations efforts. In that function, she reports to Eckhard Zanger, Senior Vice President, Corporate Communications and Public Affairs.

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Munich, April 25, 2012 – MTU Aero Engines Holding AG closed the first quarter of 2012 with higher revenues and earnings: revenues grew by 5 % to € 698.0 million (Q1/2011: € 664.8 million), while EBIT1 improved by 14 %, from € 80.5 million to € 91.4 million. The operating margin thus rose by one percentage point to 13.1 %, while net income2 climbed by 20 % to € 56.9 million (Q1/2011: € 47.5 million).

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Zhuhai, China, April 19, 2012 -  Frank Bodenhage (43) has been appointed President and CEO of MTU Maintenance Zhuhai, effective May 1, 2012. He takes over his new role at the helm of the joint venture of MTU Aero Engines and China Southern Airlines from Holger Sindemann, who will become the new Managing Director and Senior Vice President of MTU Maintenance Hannover, based in Langenhagen, Germany.

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Hannover, March 22, 2012 – Langenhagen-based MTU Maintenance Hannover will have a new man at the helm: Holger Sindemann (43) has been appointed its Managing Director & Senior Vice President, effective May 1. Sindemann takes over from Dr. Martin Funk (50), who has led the largest of MTU Maintenance’s companies for almost three years and will now be pursuing new challenges.

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Munich, February 23, 2012 – MTU Aero Engines Holding AG fully achieved its forecast for the financial year 2011, as the company announced during the presentation of its provisional financial statements at the annual results press conference on Thursday, February 23, 2012. Revenues were at the upper end of the expected bandwidth of + 7 to 8 %, increasing by 8 % to reach € 2,932.1 million (2010: € 2,707.4 million).

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Hannover, February 20, 2012 – South Korean carrier Asiana Airlines has selected MTU Maintenance Hannover to provide maintenance, repair and overhaul (MRO) services for its CF6-80C2 engines. “By winning the contract from this major airline, we’ve added the first carrier from South Korea to our MRO customer base,” stated Dr. Stefan Weingartner, President, Commercial Maintenance at MTU Aero Engines. Asia is a booming region with a rapidly growing demand for air transport services.

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Singapore, February 17, 2012 – A major event in Southeast Asia has turned out a great success for MTU Aero Engines: Germany’s leading engine manufacturer will benefit from contracts awarded this week at the Singapore Airshow, which represent business worth some 450 million euros for MTU. The orders are for the following engine types: the PurePower? PW1100G-JM for the new Airbus A320neo, the V2500 for standard Airbus A320 family aircraft, and the GP7000 for the Airbus A380, the world’s biggest jetliner.

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