Press Archive 2008

Munich, December 19, 2008 - MTU Aero Engines is taking an approximate 6.6 percent role in General Electric's GEnx engine to power the Boeing 787 Dreamliner, the Boeing 747-8 Intercontinental airliner and the Boeing 747-8 Freighter. Germany's leading engine manufacturer will be manufacturing and assuming design responsibility for the engine's turbine center frame. MTU figures the deal can be worth over 11 billion euros in revenue, taken over the life of the program. About 1,150 engines are already on firm order or option.

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Munich, December 3, 2008 -  MTU Maintenance in November has been awarded nine contracts worth about 500 million euros and came on strong in a hotly contested market. "The deals we made again demonstrate that amid a difficult economic environment, MTU remains competitive and well positioned," commented Egon Behle, CEO of MTU Aero Engines. The agreements signed in part are long-term, up to ten-year arrangements covering V2500, CF6 and PW2000 engines. They mostly come from the United States and Europe.

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Munich, October 23, 2008 – MTU Aero Engines Holding AG has reported successful results for the first nine months of 2008. At September 30, 2008, revenues amounted to €1,982.9 million, 5% higher than at the end of the equivalent period a year earlier (1-9/07: €1,886.8 million). After adjustments for the U.S. dollar exchange rate, revenues increased by 17%. MTU’s earnings continued to improve as well, with adjusted EBITDA1 reaching €295.0 million, which is 5% up on the same period in 2007 (1-9/07: €280.8 million). The EBITDA margin at the end of September came to 14.9%, as in the previous year. Net income has remained stable at €118.6 million (1-9/07: €117.0 million).

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Munich, October 15, 2008 - MTU Aero Engines has just passed another significant milestone when yesterday, in France's Toulouse, an Airbus A340 for the first time took off with a PW1000G Geared TurbofanTM engine demonstrator on its wing. The demonstrator completed the flight, about two hours in duration, without a hitch. Germany's leading engine manufacturer contributes the high-pressure compressor plus a key component, the high-speed low-pressure turbine, to the innovative geared turbofan concept. The engine program is being pursued jointly by Pratt & Whitney and MTU. The new propulsion concept will provide drastic improvements in fuel burn, CO2 emission, engine noise, and maintenance cost.

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Manchester, Great Britain, October 9, 2008 -  MTU Maintenance Berlin-Brandenburg celebrates a new addition to its engine portfolio: the company expands its services as an Authorized GE CF34TM Service Provider to include the CF34-10E engine. Certification covering support for the GE powerplant was awarded by EASA/FAA. Overall, the MRO experts now have the entire in-service CF34 family in their portfolio.

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Ludwigsfelde, Germany, October 8, 2008 – MTU Maintenance Berlin-Brandenburg is broadening its service offerings: in partnership with Lufthansa Bombardier Aviation Services GmbH at Schönefeld, the engine specialists are now offering complete maintenance packages for Bombardier Learjet 60 business aircraft and their PW305A engines. The agreement was signed at Ludwigsfelde.

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Munich, September 26, 2008 – MTU Aero Engines has launched a new cost-reduction initiative intended to save 50 million euros annually, the bulk of it already in 2010. This follows from an annnouncement MTU CEO Egon Behle made at today's Analyst and Investor Day the company held in Munich. Behle reaffirmed the company's 2008 forecast and expects MTU to remain on its profitable growth track even in a troubled market environment.

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Munich, July 22, 2008 – MTU Aero Engines Holding AG has once again improved its earnings in the half year up to the end of June 2008, reporting EBITDA1 of €194.5 million. This represents an increase of 8% compared with the equivalent period in 2007 (1-6/07: €181.0 million). The company has improved its EBITDA margin by 1.1 percentage points to 15.5%. Net income for the six-month period rose by 79% to €80.4 million (1-6/07: €45.0 million).

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Munich, July 21, 2008 – For Germany's leading engine manufacturer, the air show in Britain's Farnborough is paying dividends. MTU Aero Engines CEO Egon Behle was pleased to announce orders worth around 500 million euros. "The volume of these orders underscores the continuing high demand of airlines worldwide for advanced fuel-thrifty aircraft," he said. 

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Farnborough, July 15, 2008 – MTU Aero Engines has set another first: Germany's leading engine manufacturer has secured for itself an 18 percent role as a program participant in the GE38 helicopter engine. "For the first time, MTU acts as a development participant in a U.S. military engine program," declares MTU CEO Egon Behle. In previous U.S. military engine programs, MTU has been involved in manufacturing roles only. Under the GE38 deal, the German engine builder will be responsible mainly for the power turbine module and moreover have the license for maintenance, final assembly and testing as well as MRO for the GE38 models used in European heavy lift helicopters.

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