Press Archive 2007

Munich, December 20, 2007 – Debut at MTU Aero Engines: Germany's leading engine manufacturer is the first company worldwide to repair a component by patching, hand it over to the customer and obtain approval for the innovative repair technique. In December, a repaired blisk from a low-pressure turbine of the Eurofighter's EJ200 engine was delivered to the National Quality Assurance Office for aviation equipment.

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Munich, December 14, 2007 - MTU Aero Engines Holding AG's supervisory board in its December 14, 2007, meeting authorised the MTU management, given certain launch conditions for MTU, to  take shares in envi-sioned engine programs for business and regional aircraft.

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Munich, October 25, 2007 – In the first nine months of 2007, MTU Aero Engines Holding AG further improved its earnings, thus sustaining the positive trend. Adjusted EBITDA1 increased by 22% to €280.8 million (1-9/06: €230.4 million). The company’s EBITDA margin increased to 14.9%, up two percentage points compared with 2006. Underlying net income2 made similarly positive progress, increasing by 17% to €102.5 million (1-9/06: €87.9 million). This figure includes a non-recurring charge for the early redemption premium in connection with the high-yield bond, which was paid in the first half of this year. Excluding this exceptional charge, the improvement would have amounted to 30%.

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Munich, October 18, 2007 – Dr. Stefan Weingartner (46) will become MTU Aero Engines' new President and CEO, Commercial Maintenance, effective November 1, 2007. MTU's Supervisory Board nominated him to the position in a meeting held in the evening of October 18, 2007. Weingartner succeeds Bernd Kessler, who will join Switzerland-based aircraft maintenance, repair and overhaul company SR Technics to become its CEO.

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Zhuhai, China, October 1, 2007 – MTU Maintenance Zhuhai has won its first major European customer: The company has signed a contract with Norwegian Air Shuttle for the maintenance of CFM56-3 engines. The five years contract includes 44 engines powering Boeing 737-300 aircraft operated by the airline and is worth in excess of €90m euros.

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Jakarta, August 29, 2007 – MTU Maintenance has signed a joint operation agreement with the Indonesian maintenance, repair and overhaul (MRO) provider Garuda Maintenance Facilities (GMF) AeroAsia, a 1.25-million-square-meter facility: As a strategic partner, MTU Maintenance will take care of CFM56-3 engine MRO activities for the Indonesian market jointly with GMF AeroAsia. Besides the engines of the 37-aircraft B737 Classic fleet of Garuda Indonesia, also engines of other GMF customers will be maintained. Garuda Indonesia is Indonesia's largest airline and the 100-percent owner of GMF AeroAsia.

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Munich, August 20, 2007 – MTU Aero Engines intends to repurchase about 1 million additional own shares within the next six months. This has been decided by the company’s management board, after MTU had surpassed the level of holding 5 percent of its shares during the last week (as published on August 17, 2007). Since June 2006, the company has repurchased about 2,8 million of its shares.

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Munich, July 25, 2007 – MTU Aero Engines Holding AG achieved 8% growth to the end of June 2007, as expected. Revenues increased from €1,170.0 million (1-6/06) to €1,260.6 million (1-6/07) during this period. The group expects to sustain this same growth rate through to the end of the year. MTU’s earnings improved at an above-average rate: Adjusted EBITDA1 amounted to €181.0 million at June 30, 2007, thus exceeding the equivalent figure for the first 6 months of 2006 (1-6/06: €146.3 million) by 24%. Similarly positive results were reported for adjusted net income2, which increased by 10% from €55.5 million to €61.0 million. And this despite the fact that adjusted net income for the first six months of 2007 includes a non-recurring charge for the early redemption premium in connection with the high-yield bond. Excluding this exceptional charge, the increase would have amounted to 31%.
 

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Munich, July 24, 2007 – Egon W. Behle (51) will become Munich-based MTU Aero Engines Holding AG's new Chief Executive Officer (CEO), effective the beginning of 2008. The Supervisory Board of the MDAX-listed company nominated him to the position of CEO by unanimous vote on Tuesday, July 24. His term of office will run for three years. Behle, who has a degree in aerospace engineering, comes from ZF Lenksysteme GmbH in Schwäbisch Gmünd, where he has served as CEO since 2002. He succeeds Udo Stark (59), who had announced in March that now that he was turning 60, he opted not to renew his contract with MTU, which expires at year's end.

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Munich, July 18, 2007 – 15 percent, 20 percent, 30 percent – in three steps to climate-friendlier air traffic: MTU Aero Engines, in partnership with Bauhaus Luftfahrt, today unveiled an ambitious program designed to reduce the carbon dioxide emissions of aircraft engines. Its Clean Air Engine (Claire) technology project is to lower CO2 emissions by as much as 30 percent by 2035. Dr. Rainer Martens, executive vice president and chief operating officer (COO), at a Munich press briefing announced that by 2025, a 20-percent reduction may well have become a reality.

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