Press Archive 2015

Vancouver (Canada), 21st December 2015 – Three years after the opening of the Accessory Repair Center (A.R.C.), MTU Maintenance Canada, is satisfied with the development of its business for accessory repair and Line Replaceable Unit (LRU) management. The company, an affiliate of one of the world’s leading engine maintenance providers, has managed to increase revenues by 48 percent to 40 million US dollars since 2012 and has won a number of new customers. In 2015 alone, MTU Maintenance Canada signed several long-term contracts at a total value of 26 million US dollars.

Read more

Aerospace Embedded Solutions (AES) has won the 3rd Franco-German Economic Prize in the Industrial Cooperation category. This award recognizes the most striking joint economic ventures between French and German companies.

Read more

Munich / London, November 25, 2015 – On the occasion of the company’s annual Investor & Analyst Day, MTU Aero Engines AG has issued a more precise forecast for the next ten years to 2025. The group intends to maintain its growth trajectory and achieve further improvements in profitability. In the medium to long term, adjusted EBIT is expected to increase at a faster rate than revenues, with a corresponding increase in adjusted net income. These projections are based on MTU’s existing business plans, which foresee an investment phase lasting until 2017 followed by a consolidation phase from 2018 onward. They reflect the expected development of revenues in the individual operating segments.

Read more

Hannover (Germany), 24 November 2015 – MTU Maintenance, one of the world’s leading engine maintenance providers, continues to be the exclusive MRO provider for Royal Jordanian’s V2500 engines on its fleet of A320 family of aircraft. As such, the company has signed a Total Engine Care (TEC?) agreement with Jordan’s flag carrier which includes traditional MRO services, options for lease engines as well as MTU’s early detection system MTUPlus Engine Trend Monitoring. The contract covers all 24 of Royal Jordanian’s V2500-A5 engines and will run for five years.Hannover (Germany), 24 November 2015 – MTU Maintenance, one of the world’s leading engine maintenance providers, continues to be the exclusive MRO provider for Royal Jordanian’s V2500 engines on its fleet of A320 family of aircraft. As such, the company has signed a Total Engine Care (TEC?) agreement with Jordan’s flag carrier which includes traditional MRO services, options for lease engines as well as MTU’s early detection system MTUPlus Engine Trend Monitoring. The contract covers all 24 of Royal Jordanian’s V2500-A5 engines and will run for five years.

Read more

Munich, November 11, 2015 - Clean Sky is the most ambitious EU funded aeronautical research program ever launched in Europe: More than 600 partners have joined forces to develop new, greener technologies for tomorrow’s aviation. MTU Aero Engines, Germany’s leading engine manufacturer, is a partner in the program, being responsible for an engine demonstrator that is now running in MTU’s test cell in Munich. The test campaign marks the culmination of MTU’s research activities, and the milestone was celebrated jointly with distinguished representatives from government, business, the Clean Sky Joint Undertaking, and research institutes.

Read more

Munich, November 11, 2015 - The Japanese dream takes to the skies. The Mitsubishi Regional Jet (MRJ) is the first Japanese-made commercial jet in half a century. The date of the MRJ’s first flight marks a red letter day not only for Japan, but also for MTU Aero Engines. The jet is powered by the PW1200G, a member of the PurePower? geared turbofan (GTF) engine family, which Pratt & Whitney has developed with Germany’s leading engine manufacturer.

Read more

Munich, October 26, 2015 – In the first nine months of 2015, MTU Aero Engines AG boosted its revenues by 16% to €3,257.0 million (1-9/2014: €2,811.6 million). The group’s operating profit grew by 23% to €333.1 million (1-9/2014: €270.9 million), while the EBIT margin rose from 9.6% to 10.2%. Net income increased by 30% to €231.4 million (1-9/2014: €178.3 million).

Read more

Munich, October 23, 2015 – MTU Aero Engines will have a stake in the LM6000-PF+ (PF+), the latest version of General Electric’s (GE) LM6000 aeroderivative gas turbine series. Germany’s leading engine manufacturer has taken a 13-percent work share as a risk- and revenue-sharing partner in the development and production of this industrial gas turbine, which is derived from the CF6 aircraft engine. The PF+ offers higher gas turbine output (52-58 megawatts) and combined-cycle efficiency (56 percent) than other products in its class. For MTU, the stake in the program translates into expected revenues of around one billion euros over the entire lifecycle of the program.

Read more

Amsterdam (The Netherlands), 14 October 2015 – MTU Maintenance has launched a new service targeted at engine asset owners seeking to increase their return on investment and to find a smooth exit for their end-of-life engines. MTUPlus Asset Value Maximization offers asset owners with a surplus engine different solutions which either optimize its usage if the asset can still be operated or maximize the material value through the remarketing of its individual parts.

Read more

Hannover (Germany), 23 September 2015 – MTU Maintenance, one of the top five engine MRO service providers worldwide, and AAR, a leading provider of aviation services to the global commercial and defense industries, have signed a contract that secures for MTU the supply of used material for PW2000 engines over the next five years.

Read more

Hannover (Germany), 02 September 2015 – Thanks to their long-term relationship, MTU Maintenance and the Turkish carrier Atlasglobal Airlines, formally known as Atlasjet Airlines, have extended their cooperation regarding the maintenance of Atlasglobal’s V2500 engines.  Over the next five years, MTU Maintenance will continue to provide the airline with exclusive MRO services for this engine type.

Read more

Munich, July 30, 2015 – MTU Aero Engines, Germany’s leading engine manufacturer, has received approval from the Federal Aviation Office (LBA) to maintain the propulsion system powering the A400M military transport aircraft. This makes MTU the first of the partners in Europrop International (EPI), the TP400-D6 consortium, to hold such an unlimited license for the maintenance (in accordance with EASA 145 standards) of the entire propulsion system.

Read more

Munich, July 29, 2015 – MTU Aero Engines AG’s understanding of sustainable business practices is to assume product responsibility along the entire value chain. In its sustainability efforts, Germany’s leading engine manufacturer is pursuing an integrative approach that takes ecological as well as social aspects into account when looking at business performance. The third Sustainability Report issued by the company for the years 2013 and 2014 is the first to combine the reports to the UN Global Compact Communication on Progress and Global Reporting Initiative (G3.1) standards and covers the activities of MTU’s company locations in Europe.

Read more

Munich, July 23, 2015—MTU Aero Engines AG saw its first-half-year revenues rise by 21% to €2,202.0 million in 2015 (1-6/14: €1,815.8 million). The group’s operating profit1 grew by 25% to €212.8 million (1-6/14: €170.7 million), while the EBIT margin increased from 9.4% to 9.7%. Earnings after tax2 climbed 33% to €147.2 million (1-6/14: €111.0 million).

Read more

Munich, 22. July 2015 - MTU Aero Engines AG’s Supervisory Board today unanimously voted to extend the contract with Chief Program Officer Michael Schrey?gg. The new, five-year contract will run from July 1, 2016.

Read more

Munich, June 26, 2015 – MTU scores big when it comes to the market for engines in the upper thrust category: Germany’s leading engine manufacturer develops and produces turbine center frames (TCFs for short) for engines powering widebody aircraft. The TCFs for the GP7000 (Airbus A380), the GEnx (Boeing 787 Dreamliner and Boeing 747-8) and the GE9X, the sole engine choice for the Boeing 777X, are being built in Munich.

Read more

Hannover (Germany), 25 June 2015 – MTU Maintenance, one of the top five engine maintenance providers worldwide, has further extended its customer base which now also includes a new operator from the Caribbean. The company has signed an exclusive all-round Total Engine Care (TEC?) agreement on a fly-by-hour (FBH) basis with Aruba Airlines for the maintenance of the operator’s V2500 engines.

Read more

Munich, June 19, 2015 – This year’s International Paris Air Show was a major success for MTU Aero Engines: Germany’s leading engine manufacturer has announced orders valued at more than 800 million euros, with the PW1000G family of geared turbofan engines doing particularly well.

Read more

Munich, June 10, 2015 – ‘Engines for decades’ – that is MTU Aero Engines’ formula for success. The top priority of Germany’s leading engine manufacturer is to offer a comprehensive range of products and services that covers the entire life cycle of commercial and military propulsion systems. The company’s aim is to deliver innovative technologies, superior quality in production, and flexible services that can be tailored to customers’ specific requirements, allowing its customers to focus their full attention on their core business, that is the economic and eco-efficient operation of their aircraft. At the key aviation industry trade show in Paris, the company will showcase a selection of products and services from its innovative commercial and military engine portfolio on a surface area of 300 square meters in Hall 2A, at Booth C254.

Read more

Ludwigsfelde (Germany), 26 May 2015 -  MTU Maintenance Berlin-Brandenburg and the Pratt & Whitney Canada Customer Service Centre Europe (CSC) are celebrating 4,000 repaired Pratt & Whitney Canada engines. The jubilee engine, a PW305A was delivered to Aero-Dienst GmbH & Co. KG, Germany’s second-oldest commercial operator and provider of business aviation services such as maintenance, operations, aircraft sales and aircraft management.

Read more

Munich, April 28, 2015—In the first quarter of 2015, MTU Aero Engines AG increased its revenues by 20% to €1.099,5 billion (1-3/14: €913.0 million). The group’s operating profit  rose by 10% to €97.7 million (1-3/14: €89.0 million). The EBIT margin amounted to 8.9%, compared with 9.7% for the same period in the previous year, and earnings after tax  increased by 22% to €68.2 million (1-3/14: €56.0 million).

Read more

Hannover (Germany), 16 April 2015 – MTU Maintenance is celebrating 15,000 completed engine shop visits since the foundation of the company 35 years ago. The jubilee engine, a
CF34-10E was delivered to Aeroméxico Connect which has been a customer of MTU Maintenance since 2010.

Read more

Munich, March 23, 2015 – MTU Aero Engines’ materials experts and their partners have jointly developed a new class of unique, intermetallic high-temperature materials for highly stressed engine components: Titanium aluminide (TiAl) is the name of the new lightweight material for turbine blades that combines the advantages of metallic and ceramic materials, offering the best of both worlds. The job was done in record time.

Read more

Zhuhai (China), 11 March 2015 – MTU Maintenance is proud to announce that it has signed an exclusive eight-year maintenance agreement with Maldivian. The company, one of the leading engine maintenance providers worldwide, will provide Maldivian with MRO services for its CFM56-5B engines as well as engine lease support through MTU’s newly founded engine lease company MTU Maintenance Lease Services B.V. The engines contracted power Maldivian’s Airbus A320 and A321 aircraft which serve a growing number of destinations within Asia. MTU Maintenance will perform the engine overhaul at its Chinese location in Zhuhai.

Read more

Hannover (Germany), 4 March 2015 – MTU Maintenance, one of the leading maintenance providers for commercial aircraft engines worldwide, can count VECA (Vuelos Economicos de Centro America) Airlines, a start-up carrier from El Salvador, as a new customer for the maintenance of its V2500 engines. Under the exclusive agreement, MTU Maintenance will be responsible for the airline’s engine MRO as well as on-wing services and engine trend monitoring. In addition, MTU Maintenance will support VECA Airlines’ engine line replaceable units (LRU).

Read more

Munich, March 3, 2015 – In view of the company’s record results in the financial year 2014, the Supervisory Board and Executive Board of MTU Aero Engines AG will propose to the Annual General Meeting that the dividend be increased to €1.45 per share. This represents an increase of 10 euro cents or 7.4% compared with the previous year.

Read more

Munich / Rzeszów, February 27, 2015 – MTU Aero Engines Polska keeps growing: Today, the Polish affiliate of MTU Aero Engines, Germany’s leading engine manufacturer, officially opened its new 10,000-square-meter building, which increases the built-up area by 50 percent. The total investment that went into the project amounts to some 40 million euros. The expansion of its location in Rzeszów in the south of Poland is part of MTU’s investment and growth strategy, very much in the same way as the new blisk production shop built in Munich and the new logistics centers set up in Hannover and in Munich. With the move, MTU is laying the foundation for the production and volume ramp-up for the new engine programs. The opening ceremony was attended by around 100 guests from politics, industry and science as well as by more than 500 employees of the company, which is located in the heart of Poland’s Aviation Valley.

Read more

Munich, February 12, 2015 – MTU Aero Engines AG has once again beaten its previous records. In the financial year 2014, revenues grew by 10% to a new all-time high of €3,913.9 million (2013: €3,574.1 million). MTU’s operating profit1 rose from €377.4 million in 2013 to €382.7 million. Earnings after tax2 amounted to €253.3 million (2013: €238.6 million), the highest-ever in the company’s 80-year history.

Read more

Zhuhai (China), 21 January 2015 – MTU Maintenance, one of the leading engine MRO providers worldwide, has signed an exclusive maintenance agreement with the Japanese low-cost carrier Solaseed Air which covers all 24 CFM56-7B and -7BE engines powering the airline’s fleet of 12 Boeing 737-800 aircraft. The contract will run for twelve years and has a value of about 200 million Euros (260 million US dollars ). In addition to engine maintenance, MTU Maintenance will provide Solaseed Air with spare engine and on-site support. The engines will be overhauled at MTU Maintenance’s Asian location in Zhuhai, China. For MTU Maintenance, this is the largest agreement from a Japanese customer since the company entered the Japanese market in 2010.

Read more

Munich, January 20, 2015 – EOS, the global technology and quality leader for high-end Additive Manufacturing (AM) solutions, and MTU Aero Engines, Germany's leading engine manufacturer, are closely cooperating with view to quality assurance for metal engine components using Additive Manufacturing. The two companies have now signed a framework agreement for the joint strategic development of their technology.

Read more