2005 Highlights

March 30

The Clean technology demonstrator, which features newly-developed heat exchangers, is put through its paces for the first time at the University of Stuttgart’s altitude test facility. The highly touted demonstrator performs as expected, burning about 25% less fuel than today’s engines.

April 15

The PW307 business-jet engine receives approval from Transport Canada. The maiden flight onboard the Falcon 7X takes place on.

April 15

Contract signing for delivery of 38 EJ200 engines that will power the 18 Eurofighters ordered by Austria.

June 6

Shares of MTU Aero Engines Holding AG are traded for the first time on the stock exchange. At an issue price of €21, the stock is oversubscribed more than sevenfold. On June 10, the greenshoe option permitting the sale of additional shares is fully exercised.

June 28

MTU Maintenance Hannover concludes an exclusive ten-year agreement with JetBlue for the maintenance of the airline’s entire fleet of V2500 engines. The €750 million contract is the biggest in the history of MTU Maintenance.

August 16

Western Europe’s largest production test cell for propeller engines is completed at MTU Maintenance Berlin-Brandenburg in Ludwigsfelde. The facility will be used to perform acceptance testing of all TP400-D6 production engines, which will be assembled by MTU starting in 2007.

August 16

LAN Airlines of Chile is the launch customer for the PW6000 engine. Production of the engine to power the Airbus A318 will commence in 2006. MTU will perform final assembly of the PW6000 production engines for Pratt & Whitney.

August 25

MTU Maintenance Hannover obtains PW6000 production organization approval from the Federal Office of Civil Aeronautics (LBA). The Hannover facility takes over final assembly and testing of all engines of this type and delivers the engines directly to the Airbus final assembly line in Hamburg.

September 5

MTU receives recognition as a family-friendly company by Renate Schmidt, German Minister for Family Affairs, Senior Citizens, Women and Youth, and Wolfgang Clement, German Minister for Economics and Labor.

September 19

MTU Aero Engines Holding AG is included in the German MDAX stock index.

October 10

MTU Aero Engines and Lufthansa Technik agree to expand their joint Malaysian subsidiary ASSB, which specializes in blade repairs. By boosting production capacities and staffing levels, the company intends to quadruple its sales to $20 million (€17 million) by 2010.

October 21

IndiGo Airlines decides to equip its 100 Airbus A320s with IAE V2500 engines. This is the biggest contract in the history of the IAE consortium. For MTU, which provides the low-pressure turbine for the V2500, this contract translates into sales in the amount of €155 million.

October 28

The TP400-D6 engine developed for the A400M military transport successfully completes its first test run at MTU’s Ludwigsfelde site in Berlin-Brandenburg.

November 16

MTU Aero Engines and the German Federal Office for Defense Technology and Procurement (BWB) sign a contract to extend the Cooperative Model to include the RB199 (Tornado), J79 (Phantom), and RR250-C20 (Bo-105 helicopter) engines in addition to the Eurofighter’s EJ200 engine. The ten-year contract is worth €370 million.

November 30

OCCAR and MTRI sign a contract for the development of the uprated MTR390E. The first run of the MTR390E is planned for
                                                             early 2007.

December 29

The GP7000 receives type approval from the U.S. Federal Aviation Administration. This clears the way for testing of the engine on the Airbus A380, which is scheduled to commence in the spring of 2006.

 top