Latest Press Releases

Latest Press Releases 2017

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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Vancouver, April 6, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and MRO provider Barfield Inc. have extended their exclusive line replaceable units (LRUs) contract for the V2500 engine by a further five years. The agreement covers complete V2500 LRU Management, on a fixed price basis. The work will be performed at MTU’s Maintenance Shop in Richmond, Canada.

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Kuala Lumpur, Malaysia, April 4, 2017 -  On April 1, Wim van Beers became the new managing director of Airfoil Services Sdn. Bhd. (ASSB), a 50:50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG. Van Beers joins ASSB from MTU Maintenance, where he spent the past three and a half years as Vice President Marketing and Sales Asia. He follows Derrick Siebert who returns to Lufthansa Technik after 4 years of service at ASSB.

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Munich, March 14, 2017 – The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to €1.90 per share. This proposal, which represents an increase of 20 euro cents or 12% compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on May 4, 2017.

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Munich, February 23, 2017 – MTU Aero Engines AG once again set new records in the financial year 2016. Revenues increased by 7% to a new high of €4,732.7 million (2015: €4,435.3 million). Operating profit reached €503.0 million, beating the previous year’s record by 14% (2015: €440.3 million). Earnings after tax surpassed the previous record of €306.9 million, set in 2015, growing by 13% to €345.4 million.

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Berlin, February 21, 2017 – Lufthansa Technik and MTU Aero Engines are planning to set up a joint venture company for the maintenance, repair and overhaul (MRO) of geared turbofan (GTF) engines, with each of the partners holding a 50-percent stake. An agreement to this effect was signed by the two companies in Berlin on February 20, after the feasibility of such a joint venture had been examined over the past few months. Subject to different approvals (e.g. by the relevant antitrust authorities) both parties act on the assumption of the joint venture foundation within the second half of 2017.

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Hannover, January 26, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and their new customer BH Air have signed an exclusive maintenance contract for the airline’s V2500-A5 engines. The agreement covers maintenance, repair and overhaul, on-site services and spare leasing support for their 6 V2500-A5 engines.

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