PrintBreakthrough for the PW1100G: MTU Aero Engines to benefit from major ILFC order
Projected revenues for MTU: around 200 million euros
Munich, March 9, 2011 – The PW1100G geared turbofan engine has scored a break-through: U.S. International Lease Finance Corporation (ILFC) has placed firm orders and options for 100 A320neo family aircraft. All of the twinjets will be equipped with Pratt & Whitney's PW1100G, which incorporates entirely new engine technology. MTU already has a stake of around 15 percent in the geared turbofan (GTF); the precise details of its program share in the version to power the A320neo are currently being negotiated. Deliveries of the aircraft are slated to begin in 2016.
Egon Behle, CEO of Germany's leading engine manufacturer, was highly pleased at the news: "For us, the contract for 200 engines translates into revenues of as much as 200 million euros once the engine goes into production. We are delighted to see that it's the GTF that has been picked in the first engine selection for the A320neo."
The PW1100G will deliver double-digit reductions in fuel burn and CO2 emissions. Moreover, it will be 50 percent quieter compared with today's engines. GTF technology holds promise of substantially lowering operating costs. The deal now concluded brings the total order book for the various versions of the PW1000G to over 800 units.
MTU Aero Engines, Germany's only independent engine manufacturer, is an established player in the industry. The company has a workforce of about 7,900 employees world-wide. In fiscal 2010, it posted consolidated sales of some 2.7 billion euros. A technology leader, MTU excels in low-pressure turbines and high-pressure compressors, as well as in manufacturing and repair techniques. In the commercial area, MTU is the world's largest independent provider of engine maintenance, repair and overhaul (MRO) services.