PrintLatest Press Releases
27.07.2010
Positive first-half-year business results – MTU Aero Engines lifts forecast
Munich, July 27, 2010 – MTU Aero Engines Holding AG has posted successful results for the first six months of 2010, with revenues amounting to € 1,348.8 million, compared with first-half-year revenues of € 1,376.0 million in 2009. Operating profit1 has improved by 5% to € 144.1 million (1-6/09: € 137.1 million). At 10.7%, the EBIT margin is 0.7 percentage points higher than the figure for the equivalent period one year earlier. Net income increased by 9% from € 55.7 million in the first six months of 2009 to € 60.6 million. The net income figure reflects the lower financial result attributable to currency translation differences at the reporting date.
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26.07.2010
MTU Maintenance adds GE90-110B and -115B engines to its portfolio
Hannover, Germany, July 26, 2010 – MTU Maintenance Hannover has expanded its repair capabilities by including GE’s GE90-110B and -115B engines in its portfolio. Dr. Stefan Weingartner, President and CEO Commercial Maintenance at MTU Aero Engines, said: "With the addition of these propulsion systems for wide-body aircraft, which are sold successfully across the globe, we are broadening our Hannover-based facility's range of products and services."
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22.07.2010
Farnborough Airshow: MTU benefits from V2500 orders
Farnborough, July 22, 2010 – This year's international airshow in Farnborough near London opened with excellent news for the entire aviation industry. A number of profitable deals were announced on the very first trade days of the event in Great Britain. MTU Aero Engines, too, will benefit from numerous orders coming in: The three carriers China Southern Airlines, Yemen Airways (Yemenia) and Vietnam Airlines have selected the V2500 to power their A320-family aircraft, with some of the contracts including long-term aftermarket services agreements. Germany's leading engine manufacturer has an approximate 11-percent stake in the IAE engine. Counting in the engine maintenance business, its share in the new orders is worth the equivalent of about 120 million euros in sales.
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