Press Archive 2010

Hanover, December 2, 2010 – Reliable service pays off: Brazilian airline TAM Linhas Aéreas S/A has placed a follow-on contract to an agreement it originally concluded with MTU Maintenance Hannover back in 1999. Under this new agreement, the company will provide maintenance services for another 57 V2500 engines powering the carrier's A320-family aircraft, in addition to the 84 engines covered by the earlier agreement. The exclusive contract runs until mid-2019 and will generate over 500 million Euros (700 million U.S. dollar) in additional revenues.

Read more

Hannover, Germany, November 11, 2010 – MTU Maintenance Hannover is pleased to welcome back a valued former customer: Royal Jordanian Airlines, one of the most prestigious airlines in the Middle East, has awarded the Langenhagen-based company an exclusive contract for the maintenance of 26 V2500 engines from its fleet of A320-family aircraft. The contract will run until March 2014.

Read more

Munich, October 26, 2010 – MTU Aero Engines Holding AG's nine-month results 2010 show the company is well on its way to achieving its targets for the year as a whole. Revenues increased by 2% to € 1,992.3 million after € 1,954.9 in the previous year. MTU boosted its earnings1 by 7% to € 226.1 million (1-9/09: € 210.8 million). At 11.3%, the EBIT margin was up 0.5 percentage points compared with the same period in 2009, while the company's net income improved by 7% to € 99.6 million
(1-9/09: € 93.4 million).

Read more

Munich / Appleton, U.S.A., September 17, 2010 – MTU Aero Engines continues to strengthen its repair activities: In early September, the company's U.S. operation in Appleton, Wisconsin received the FAA's approval as a certified repair station. "With the approval now obtained, we can offer on-wing services for CF34 engines also to customers in the U.S.," says Dr. Stefan Weingartner, President and CEO, Commercial Maintenance. Maintenance services for other engine types shall follow. 

Read more

Munich, July 27, 2010 – MTU Aero Engines Holding AG has posted successful results for the first six months of 2010, with revenues amounting to € 1,348.8 million, compared with first-half-year revenues of € 1,376.0 million in 2009. Operating profit1 has improved by 5% to € 144.1 million (1-6/09: € 137.1 million). At 10.7%, the EBIT margin is 0.7 percentage points higher than the figure for the equivalent period one year earlier. Net income increased by 9% from € 55.7 million in the first six months of 2009 to € 60.6 million. The net income figure reflects the lower financial result attributable to currency translation differences at the reporting date.

Read more

Hannover, Germany, July 26, 2010 – MTU Maintenance Hannover has expanded its repair capabilities by including GE’s GE90-110B and -115B engines in its portfolio. Dr. Stefan Weingartner, President and CEO Commercial Maintenance at MTU Aero Engines, said: "With the addition of these propulsion systems for wide-body aircraft, which are sold successfully across the globe, we are broadening our Hannover-based facility's range of products and services."

Read more

Farnborough, July 22, 2010 – This year's international airshow in Farnborough near London opened with excellent news for the entire aviation industry. A number of profitable deals were announced on the very first trade days of the event in Great Britain. MTU Aero Engines, too, will benefit from numerous orders coming in: The three carriers China Southern Airlines, Yemen Airways (Yemenia) and Vietnam Airlines have selected the V2500 to power their A320-family aircraft, with some of the contracts including long-term aftermarket services agreements.

Read more

Ludwigsfelde, July 12, 2010 – MTU Maintenance Berlin-Brandenburg will have a new President and Chief Executive Officer (CEO) when on October 1, 2010, André Sinanian (41) takes the helm of the Ludwigsfelde-based MRO specialist. He succeeds Dr. Wolfgang Konrad, who will take on new responsibilities outside MTU.

Read more

Munich, June 30, 2010 – What will the engine of the future be like? How can high-pressure compressors be designed to boost efficiencies even further? What promise does the use of intercoolers and recuperators hold? What innovative technologies will the combustor of the future incorporate? And which novel design and production processes does the industry need to be able to build tomorrow's engines?

Read more

Ludwigsfelde, Germany, June 17, 2010 – MTU Maintenance Berlin-Brandenburg has scored another success: British regional airline BA CityFlyer, a wholly-owned subsidiary of British Airways, will send all its 22 CF34-8E and CF34-10E engines powering its fleet of Embraer 170 and 190 jets to the German engine specialists for repair, maintenance and overhaul.

Read more