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MTU Aero Engines scores high at the Singapore Airshow 2016 with geared turbofan technology
• Orders valued at more than 500 million euros
Munich, February 22, 2016 – This year’s Singapore Airshow proved a major success for MTU Aero Engines: Germany’s leading engine manufacturer secured orders worth over 500 million euros (some 570 million U.S. dollars), scoring high especially with Pure-Power® PW1000G-family geared turbofan (GTF) engines. “In the commercial engine business, the GTF programs for single-aisle aircraft are key to how MTU’s future is de-fined,” commented MTU CEO Reiner Winkler, referring to the order books. “At our headquarters in Munich, preparations are currently going full steam ahead for the final assembly of the A320neo engine. MTU will assemble about one third of all of the en-gines going into NEO jets. This is a pretty demanding task,” Winkler added.
At the air show in Asia, almost all of the deals clinched in which MTU shares as a part-ner were for engines incorporating the highly successful GTF technology. Air Canada placed the biggest order; the carrier agreed to buy up to 75 aircraft powered by Pure-Power® PW1500G engines for its fleet of Canadian airframer Bombardier’s CSeries jets. More orders from which MTU benefits came in for the PW1100G-JM, the geared turbofan variant powering the A320neo family of aircraft. VietJet Air, a Vietnamese low-cost carrier based in Hanoi, ordered 63 A320neos and A321neos equipped with this engine. U.S. aircraft leasing company Aerolease was won over by still another applica-tion of the geared turbofan; it signed a letter of intent for 20 Mitsubishi Regional Jets powered by PW1200G engines.
A propulsion system that continued to be much in demand again at the Singapore Air-show was IAE’s V2500, the engine powering the A320ceo family of jets. MTU shares in an order placed by China Aircraft Leasing Group (CALC) for 23 aircraft.
About MTU Aero Engines
MTU Aero Engines AG is Germany's leading engine manufacturer. The company is a technological leader in low-pressure turbines, high-pressure compressors, turbine center frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30 percent of today’s active aircraft in service worldwide have MTU components on board. In the commercial maintenance sector the company ranks among the top 5 service providers for commercial aircraft engines and industrial gas turbines. The activities are combined under the roof of MTU Maintenance. In the military arena, MTU Aero Engines is Germany's industrial lead company for practically all engines operated by the country's military. MTU operates a network of locations around the globe; Munich is home to its corporate headquarters. In fiscal 2015, the company had a workforce of some 9,000 employees and posted consolidated sales of approximately 4.4 billion euros.