Press Archive 2016

Munich / Rzeszów, December 14, 2016 – At its Investor and Analyst Day 2016, MTU Aero Engines AG detailed its outlook for the period to 2025. The company’s largest-ever investment phase will come to an end in 2017 with sustained profitable growth. In the consolidation phase from 2018 onward, adjusted EBIT is expected to grow faster than revenues, with net income increasing in line with adjusted EBIT.

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Ludwigsfelde (Germany), November 28, 2016 – MTU Maintenance, the world’s largest independent provider for aero engine solutions, and Spanish airline Air Europa have signed an exclusive seven year contract for the maintenance, repair and overhaul (MRO) of the airline’s CF34-10E engines. The contract between MTU Maintenance and Majorca-based Air Europa includes shop visits, on-site services and lease support as part of a customized solution tailored specifically to the airlines’ needs. The contract is valued at approximately USD 120 million and covers the 24 engines, including spares, used on the airline’s 11 E195 aircraft.

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Kuala Lumpur, November 14, 2016 – Airfoil Service Sdn. Bhd. (ASSB), a 50:50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG, has reached the quarter of a century milestone. Created in November 1991, the company looks back on an impressive record of high-tech achievements and commitment to the local industry and region. ASSB was initially a joint venture between MTU Maintenance (part of MTU Aero Engines) and Malaysian airlines. In 2003, MTU Aero Engines and Lufthansa Technik teamed up and each took on a 50% stake in the company. Over the last 13 years of MTU and LHT collaboration, around 350 local jobs have been created. Furthermore, ASSB has invested USD 22 million in state of the art technology, machinery and improving the working environment for employees. These milestones and more were celebrated on Friday by staff and joint venture partners.

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Munich, November 7, 2016 – With effect from the beginning of November, Gerhard B?hr has been appointed Director of MTU Aero Engines AG’s Erding engine maintenance facility. Over the past eight years, B?hr held the position of Director with responsibility for the TP400-D6 and Tyne – the military engines powering the A400M and Transall airlifters, respectively - at MTU’s headquarters in Munich. He succeeds Josef Arlt, who has decided to leave the company.

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Zhuhai, November 4th, 2016 – MTU Maintenance Zhuhai, a 50/50 joint venture between Ger-many’s leading engine manufacturer MTU Aero Engines and China Southern Air Holding Compa-ny,  has completed its 2,000th engine shop visit, a V2500-A5 owned by China Southern Airlines. The achievement will be celebrated in a small ceremony with representatives from both joint partners as well as employees.

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Munich, October 27, 2016 – After 107 running hours, 500 test cycles and 30 starts on MTU Aero Engines’ development test stand, this much was clear: The SAGE 4 Clean Sky engine demonstrator has provided proof of the technological readiness of the project. MTU’s experts are extremely pleased with the result: “We’ve tested numerous new technologies, and many of them have been shown to be mature. Some of the hardware has reached the point of being ready to fly,” summarizes Dr. J?rg Henne, Senior Vice President Engineering and Technology at MTU. The sophisticated test program was developed and conducted at MTU.

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Munich, October 25, 2016 – In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3 million (1-9/2015: €3,257.0 million). The group’s operating profit increased by 18% to €393.8 million (1-9/2015: €333.1 million), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4 million (1-9/2015: €231.4 million).

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? Partners working on innovative solutions for next-generation propulsion systems

Munich, October 21, 2016 – With the PurePower? PW1000G geared turbofan (GTF) engine, Pratt & Whitney and MTU Aero Engines are building the engine for the future. The new technology cuts fuel burn and CO2 emissions by 16 percent and reduces noise footprint levels by 75 percent. But this is not where the research effort ends: Just recently, the LeiLa (Leiser Luftfahrtantrieb: quiet aircraft propulsion) project was successfully completed. The big players in the industry joined forces with partners from research and academe to develop innovative solutions already set to be incorporated into the next generation of engines – including the second-generation geared turbofan. The work was pursued under the LuFo Aeronautics Research Program funded by the German Federal Ministry of Economic Affairs and Energy, which has been supporting technology projects geared at reducing engine noise for years.

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Munich, October 20, 2016 – MTU Aero Engines has accomplished one of the most significant milestones in its corporate history: The company has delivered the first Pratt & Whitney PurePower? PW1100G-JM Geared Turbofan? engine assembled on its own final assembly line to Airbus. Today, the new assembly line for the A320neo engine at the MTU headquarters in Munich was officially inaugurated by Ilse Aigner, Bavarian State Minister of Economic Affairs and Media, Energy and Technology. Klaus Roewe, Head of the A320 Family Programme, Airbus Group, the MTU executive board members Reiner Winkler, CEO and Dr. Rainer Martens, Chief Operating Officer as well as guests of politics, industry and science attended the ceremony. This marks the completion of the last pivotal stage in the ramp-up of the cutting-edge propulsion program at MTU Aero Engines.

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Ludwigsfelde, October18, 2016 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and their new customer Kenya Airways have concluded negotiations on the contract for the maintenance of the CF34-10E engines used on the airline’s Embraer 190 aircraft. MTU Maintenance has been chosen by Kenya Airways as one of its two contractors for the maintenance, repair and overhaul of the CF34-10E6 engines for a period of five years.

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Munich, September 29, 2016 – With the PurePower? Geared Turbofan? engine (GTF), MTU Aero Engines is collaborating with Pratt & Whitney on assembling the aircraft engine of the future. The Pratt & Whitney GTF engine family reduces fuel burn and CO2 emissions by 16 percent and cuts noise footprint levels by 75 percent. MTU not only contributes innovative turbine and compressor technology to the GTF, it also brings some fresh ideas to the table on the production technology front: The company has refined a production method – dubbed precise electro-chemical machining (PECM) – for manufacturing high-pressure compressor (HPC) integrally bladed rotors (IBRs) made of nickel. Production is already underway on MTU’s shop floors in Munich on four custom PECM machines designed, set up and commissioned by MTU’s PECM experts.

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? Maintenance package for LM industrial gas turbines
? Contract worth over 100 million U.S. dollars

Ludwigsfelde, September 28, 2016 – MTU Maintenance, one of the world’s largest providers of maintenance services for commercial engines and industrial gas turbines (IGTs), has extended its exclusive contract with Thai electricity producer Rojana Power for its LM-series IGTs. The ten-year service agreement is valued at upwards of 100 million U.S. Dollars. According to the contract, MTU Maintenance will be responsible for the maintenance, repair and overhaul (MRO) of nine IGTs: five LM6000-PC and soon-to-be four LM6000-PD IGTs. The service agreement will cover both scheduled and unscheduled maintenance events, and provide on-site services.

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Ludwigsfelde (Germany), September 26, 2016 – MTU Maintenance, the world’s largest independent provider for aero engine solutions, has signed an exclusive 10-year agreement with Canadian carrier Sky Regional Airlines for the maintenance, repair and overhaul (MRO) of the airline’s CF34-8E engines for its Embraer E175 fleet.

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Vancouver, Canada, September 22, 2016 -  At the beginning of September, Helmut Neuper took over the role of president and CEO of MTU Maintenance Canada. He joins MTU in Cana-da after nearly three years as chief operating officer of Airfoil Services Sdn. Bhd., a joint ven-ture between MTU Maintenance and Lufthansa Technik. Neuper follows interim CEO Matthias Voss.

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Hamburg, Munich, September 20, 2016 – Lufthansa Technik and MTU Aero Engines are looking into options to jointly provide maintenance, repair and overhaul (MRO) services for the PW1000G family of geared turbofan engines. The two companies have signed a memorandum of understanding to explore the possibility of establishing an MRO joint venture at a globally competitive location. First decisions will be made by the end of the year.

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Hannover, September 6, 2016 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, has extended its existing cooperation with the LATAM Airlines Group (LATAM) by five years to 2024. The contract covers the maintenance, repair and overhaul of V2500 engines and is a tribute to the long-standing cooperation between the two companies.

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Munich, July 29, 2016 – As an innovative company with a rich history, MTU Aero Engines AG has set itself the goal of creating long-term value for its stakeholders. The development of aircraft engines that reduce fuel consumption, emissions such as CO2, and noise impact are top of the company’s agenda. The new geared turbofan engine, which represents the core of MTU’s Clean Air Engine agenda, is an excellent example of the company’s strong commitment to product responsibility. Through its Clean Air Engine agenda, MTU is responding to pressing global challenges such as climate change, mobility needs and scarcity of resources. The company plans to reduce the noise levels by 65 percent and to cut CO2 emis-sions by 40 percent by 2050. MTU’s fourth Sustainability Report, issued for the year 2015, reports according to both the UN Global Compact and Global Reporting Initiative (G4) standards and covers the activities of all MTU company locations in Europe.

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Munich, July 26, 2016 – MTU Aero Engines AG generated revenues of €2,299.2 million in the first six months of 2016, an increase of 4% (1-6/15: €2,202.0 million). The group’s operating profit improved by 19% to €254.1 million (1-6/15: €212.8 million), raising the EBIT margin for the six-month period from 9.7% to 11.1%. Earnings after tax increased by 20% to €176.1 million (1-6/15: €147.2 million), in line with operating profit.

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Munich, July 14, 2016 – This year’s Farnborough International Airshow was a big success for MTU Aero Engines: Germany’s leading engine manufacturer racked up orders worth around one billion euros (approx. 1,1 billion U.S. dollars), with the PW1000G family of geared turbofan (GTF) engines doing particularly well.

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Hannover, May 10th, 2016 – MTU Maintenance, one of the world’s leading providers of maintenance services for commercial aero engines, has won a new airline customer in Asia: Garuda Indonesia will send its CF34-8C5 engines to MTU Maintenance for repair according to an exclusive five-year agreement. The contract covers 30 to 40 shop visits and services also include the provision of lease engines.

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Munich, Amsterdam (The Netherlands), 3 June, 2016 – MTU Maintenance Lease Services B.V., a subsidiary of German aircraft engine manufacturer MTU Aero Engines, is enhancing its existing services through a cooperation with Brazilian aircraft manufacturer Embraer Aviation International SAS. A new service was created and foresees the provision of spare lease engines and lease engine support services to Embraer’s E-jet operators in Europe, the Middle East and Africa. According to the agreement, MTU Maintenance Lease Services will act as Embraer’s recognized supplier of CF34-10E lease engines and lease support services.

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Munich, May 23rd, 2016 – True to its motto “Innovation @ MTU”, Germany’s leading engine manufacturer will be showcasing the major trends in innovative technologies and sustainability at this year’s ILA Berlin Air Show. It will focus on products and services that span the entire lifecycle of commercial and military aircraft engines. With its innovations, MTU is committed to providing its customers with all the support they need to operate their aircraft economically and eco-efficiently. All of the Munich-based high-tech company’s innovative exhibits are on display in Hall 2, on the 250-square-meter booth No. 301.

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Munich, April 28, 2016—In the first quarter of 2016, MTU Aero Engines AG generated revenues of €1,097.9 million (1-3/15: €1,099.5 million). The group’s operating profit1 was up 34% to €131.3 million (1-3/15: €97.7 million). The EBIT margin was 12.0%, or 3.1 percentage points higher than for the same period in the previous year. Earnings after tax2 increased in line with operating profit by 34% to €91.5 million (1-3/15: €68.2 million).

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Ludwigsfelde, April 26, 2016 – MTU Maintenance, one of the world’s leading providers of maintenance services for commercial engines and industrial gas turbines (IGTs), has extended its contract with Norwegian oil and gas company Statoil for its  General Electric LM industrial gas turbines. The seven-year agreement valued at more than 200 million U.S. dollars. Under the deal, MTU Maintenance will be responsible for the maintenance, repair and overhaul (MRO) for parts of the largest commercial LM IGT fleet in the world,  which is operated offshore on Statoil’s oil platforms.

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Hannover (Germany), April 7, 2016 – MTU Maintenance, one of the world’s leading engine maintenance providers, has signed an exclusive 5-year contract with the Mexican low cost carrier VivaAerobus for the maintenance, repair and overhaul of the airline’s seven leased V2500-A5-powered aircraft.

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Munich, April 6, 2016 – MTU Maintenance Zhuhai is a 50/50 joint venture between Germany’s leading engine manufacturer MTU Aero Engines and China Southern Air Holding Company. A jewel among the shops operated by MTU Maintenance, the company was founded on April 6, 2001, obtained regulatory approval from the authorities a year later and ever since it opened shop has seen consistent expansion of its business. Today, MTU Maintenance Zhuhai celebrated its 15th anniversary with a small ceremony attended by the staff.

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? More than 250 contracts and 45 new customers
? Portfolio expansion: more engine types and new services

Hannover, Munich, Germany, March 14, 2016 – In the fiscal year of 2015, MTU Maintenance, the maintenance, repair and overhaul (MRO) arm of MTU Aero Engines, strengthened its position as one of the world’s leading MRO providers. All in all, the company signed more than 250 new contracts. Numerous regular customers reaffirmed their confidence in its capabilities by renewing or extending their existing contracts, and a further 45 companies were added to the customer base. In its role as an independent maintenance provider, MTU signed deals last year valued at around 2.1 billion U.S. dollars, a new record that represents an increase of roughly 25 percent over 2014. MTU Maintenance has recorded an impressive 16,000shop visits since entering into business, which are a testimony to its unrivaled MRO expertise.

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Munich, March 8, 2016 – Clean Sky is the largest aviation technology research initiative ever launched by the European Commission. Under the effort, over 600 partners have joined forces to develop new technologies to further improve the environmental compatibility of aviation in the future. MTU Aero Engines, Germany’s leading engine manufacturer, also has a role in the project. “Our work doesn’t stop at developing new technologies for our high-pressure compressor and low-pressure turbine modules, we also qualify new partners for the European aerospace industry,” explains Dr. Rainer Martens, Chief Operating Officer at MTU Aero Engines.

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Munich, March 1, 2016 – The Supervisory Board and the Executive Board of MTU Aero Engines AG will propose a dividend payment of €1.70 per share at the Annual General Meeting on April 14, 2016. This is equivalent to an increase of 25 euro cents or 17% compared with the previous year’s dividend.

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? Orders valued at more than 500 million euros

Munich, February 22, 2016 – This year’s Singapore Airshow proved a major success for MTU Aero Engines: Germany’s leading engine manufacturer secured orders worth over 500 million euros (some 570 million U.S. dollars), scoring high especially with Pure-Power? PW1000G-family geared turbofan (GTF) engines. “In the commercial engine business, the GTF programs for single-aisle aircraft are key to how MTU’s future is de-fined,” commented MTU CEO Reiner Winkler, referring to the order books. “At our headquarters in Munich, preparations are currently going full steam ahead for the final assembly of the A320neo engine. MTU will assemble about one third of all of the engines going into NEO jets. This is a pretty demanding task,” Winkler added.

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Hannover (Germany), February 18th, 2016 – MTU Maintenance, one of the world’s largest commercial engine maintenance providers, has won another customer for the maintenance of the world’s largest commercial aircraft engine, the GE90. The company has signed an exclusive agreement with South American LATAM Airlines Group SA, Latin America’s largest airline.

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Munich, February 16, 2016 – MTU Aero Engines AG closed the financial year 2015 with new records. Revenues reached a new high of €4,435.3 million (2014: €3,913.9 million) while the group’s operating profit1 climbed to €440.3 million (2014: €382.7 million), an increase of 15%. Earnings after tax2 beat the previous all-time record set in 2014, rising by 21% from €253.3 million to €306.9 million.

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Munich, February 12th, 2016 - From February 16 through 21 the global aviation industry’s who’s who will come together again for a major event, to see what chances one of the biggest aviation markets in the world has in store. After all, the Asian market for commercial airliners and the technologies and services for their engines is expected to continue to grow at a fast pace over the next 20 years. According to Airbus and Boeing, 39 percent of the worldwide aircraft deliveries will go to Asia. As in previous years, MTU Aero Engines, Germany’s leading engine manufacturer, will again showcase its products and services at this year’s Singapore Airshow at the Changi Exhibition Center near the airport. As things stand today, MTU Aero Engines has a share of as much as 28 percent of the fleet for airliners in the 20,000-pound-plus thrust class in the Asian market and wants to increase this percentage further.

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? The most highly sophisticated TCF in MTU’s portfolio was built within record time
? MTU also assumed full development responsibility

Munich, February 2, 2016 – The achievement is no mean feat: MTU Aero Engines in Munich has completed the first development turbine center frame (TCF for short) to go into the GE9X engine. “In this engine program, we are not only responsible for the manufacture of the TCF, but also assumed responsibility for its development right from the outset,” explained Dr. J?rg Henne, Senior Vice President Engineering and Technology, on the occasion of the last bolt ceremony held in Munich in late January. “On another positive note, to make the deadline, we have completed the first GE9X TCF within record time,” according to Theodor Pregler, Senior Vice Presi-dent Commercial Programs at MTU in Munich.

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Munich, January 20, 2016 – After 12 months of flight testing, the first A320neo powered by geared turbofan (GTF) engines to enter revenue service was handed over to the customer today. European aircraft manufacturer Airbus delivered the first of the single-aisle jets incorporating the eco-efficient propulsion technology to Lufthansa. The PurePower? PW1100G-JM geared turbofan engine has been developed and built jointly by Pratt & Whitney, MTU Aero Engines and Japanese Aero Engines Corporation (JAEC). Delivery of the aircraft to Germany’s flag carrier marks an historic day for MTU; for with its high-tech engine technology, the company has played a role in bringing next-generation aviation technology to the market.

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