Latest Press Releases

Latest Press Releases 2017

Munich, July 28, 2017 – MTU Aero Engines AG generated revenues of €2,548.0 million in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2 million). The group’s operating profit increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1 million to €227.5 million.

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Ludwigsfelde, July 19, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and their new customer Air Burkina have signed an exclusive three-year maintenance agreement. The contract for the airline’s four CF34-8E engines from their E170 aircraft covers maintenance, repair and overhaul, on-site services and guaranteed spare engine leasing availability.

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Ludwigsfelde, July 6th, 2017 – MTU Maintenance, the world’s largest independent provider of maintenance services for LM series industrial gas turbines, has extended its exclusive contract with Sahacogen (Chonburi) Public Company Limited for the maintenance, repair and overhaul of its three LM6000PC gas turbines. The long-term service agreement is valued at over 35 million US dollars and runs until the end of 2023. It is the second extension the parties have signed in thirteen years.

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Munich, July 4, 2017 – From fiscal year 2017 on, large companies are required to publish so-cial and environmental performance reports. A new law to that effect had been adopted by the German parliament in spring. Germany’s leading engine manufacturer started to disclose such information long before the law was passed. Since 2011, it has released annual sustain-ability reports outlining in detail how responsibly and sustainably the MTU Group goes about its business. Now MTU is publishing its 2016 Sustainability Report, the fifth of its kind. It combines the reports to the UN Global Compact and to the Global Reporting Initiative (GRI G.4) standards and is the first to cover the activities of all of the MTU Group’s fully consoli-dated companies. 

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Ludwigsfelde, July 3, 2016 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, has completed its 1,000th CF34 engine repair and overhaul shop visit. The engine belongs to BA CityFlyer, who have been a customer of MTU Maintenance since 2010. The engine was returned to the airline, whose headquarters are in Manchester, as part of a celebratory ceremony with employees at MTU Maintenance Berlin-Brandenburg on Friday. 

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Vancouver, June 28, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and Mexican ultra-low-cost airline Volaris have signed an exclusive five-year contract for the management of the carrier’s V2500 engine accessories. The agree-ment covers accessory repair and coordination during engine shop visits on a fixed-price basis. Services will be performed at MTU’s Maintenance accessory repair center of excellence in Brit-ish Columbia, Canada. This new agreement builds on the outstanding business relationship that the two companies have shared since 2013.

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Munich, June 9, 2017 – MTU Aero Engines, Germany’s technology leader in aircraft propul-sion systems, has revamped the concept for its exhibition booth at this year’s Paris Air Show. On the “Path of Excellence”, the company introduces visitors to the innovative high-tech products and services it is offering to support commercial and military engines throughout their entire life cycle.

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Vancouver, May 16, 2017 – MTU Maintenance Canada has recently installed and implemented a new test cell for high-flow pneumatic starter testing capabilities. The addition of this capability expands the existing engine, accessories, and Line Replaceable Unit (LRU) portfolio of MTU Maintenance, the largest independent provider of engine services worldwide, and provides customers with more integrated services, faster turnaround times, better logistics, and cost-efficiency.

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Munich, April 28, 2017 – MTU Aero Engines AG saw its revenues increase by 15% to €1,261.3 million in the first quarter of 2017 (1-3/2016: €1,097.9 million). The group’s operating profit improved by 20% from €131.3 million to €157.0 million, pushing the EBIT margin up from 12.0% to 12.4%. Earnings after tax rose in line with operating profit, increasing by 21% to €111.0 million (1-3/2016: €91.5 million).

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Hannover, Munich, Germany, April 26, 2017 – In 2016, MTU Maintenance, the maintenance, repair and overhaul (MRO) arm of MTU Aero Engines, strengthened its position as the world’s largest independent provider of engine services. Overall, the company signed independent deals with a contract volume of 2.2 billion US Dollars with the program families CF34, CFM56, and LM industrial gas turbines (IGTs) enjoying particular success. “Over 250 new contracts were signed in 2016 and 26 new customers joined the company’s engine and IGT MRO customer lists,” explains Michael Schreyögg, Chief Program Officer at MTU Aero Engines. “Underlining our customers'  trust in MTU Maintenance’s technology, market and engineering expertise. Additionally, the company receives shop visit volume from contracts signed with MTU Aero Engines and partners through the OEM network that is not counted here.

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