Latest Press Releases

Latest Press Releases 2017

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 ven-ture 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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Munich / Rzeszów, December 14, 2016 – At its Investor and Analyst Day 2016, MTU Aero Engines AG detailed its outlook for the period to 2025. The company’s largest-ever investment phase will come to an end in 2017 with sustained profitable growth. In the consolidation phase from 2018 onward, adjusted EBIT is expected to grow faster than revenues, with net income increasing in line with adjusted EBIT.

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Ludwigsfelde (Germany), November 28, 2016 – MTU Maintenance, the world’s largest independent provider for aero engine solutions, and Spanish airline Air Europa have signed an exclusive seven year contract for the maintenance, repair and overhaul (MRO) of the airline’s CF34-10E engines. The contract between MTU Maintenance and Majorca-based Air Europa includes shop visits, on-site services and lease support as part of a customized solution tailored specifically to the airlines’ needs. The contract is valued at approximately USD 120 million and covers the 24 engines, including spares, used on the airline’s 11 E195 aircraft.

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Kuala Lumpur, November 14, 2016 – Airfoil Service Sdn. Bhd. (ASSB), a 50:50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG, has reached the quarter of a cen-tury milestone. Created in November 1991, the company looks back on an impressive record of high-tech achievements and commitment to the local industry and region. ASSB was initial-ly a joint venture between MTU Maintenance (part of MTU Aero Engines) and Malaysian air-lines. In 2003, MTU Aero Engines and Lufthansa Technik teamed up and each took on a 50% stake in the company. Over the last 13 years of MTU and LHT collaboration, around 350 local jobs have been created. Furthermore, ASSB has invested USD 22 million in state of the art technology, machinery and improving the working environment for employees. These mile-stones and more were celebrated on Friday by staff and joint venture partners.

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Munich, November 7, 2016 – With effect from the beginning of November, Gerhard Bähr has been appointed Director of MTU Aero Engines AG’s Erding engine maintenance facility. Over the past eight years, Bähr held the position of Director with responsibility for the TP400-D6 and Tyne – the military engines powering the A400M and Transall airlifters, respectively - at MTU’s headquarters in Munich. He succeeds Josef Arlt, who has decided to leave the company.

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Zhuhai, November 4th, 2016 – MTU Maintenance Zhuhai, a 50/50 joint venture between Ger-many’s leading engine manufacturer MTU Aero Engines and China Southern Air Holding Compa-ny,  has completed its 2,000th engine shop visit, a V2500-A5 owned by China Southern Airlines. The achievement will be celebrated in a small ceremony with representatives from both joint partners as well as employees.

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Munich, October 27, 2016 – After 107 running hours, 500 test cycles and 30 starts on MTU Aero Engines’ development test stand, this much was clear: The SAGE 4 Clean Sky engine demonstrator has provided proof of the technological readiness of the project. MTU’s experts are extremely pleased with the result: “We’ve tested numerous new technologies, and many of them have been shown to be mature. Some of the hardware has reached the point of being ready to fly,” summarizes Dr. Jörg Henne, Senior Vice President Engineering and Technology at MTU. The sophisticated test program was developed and conducted at MTU.

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