Press Archive 2011

Munich, Germany, December 8, 2011 – MTU Aero Engines and Sagem have signed a Memorandum of Understanding (MoU) to form a joint venture in the field of the development of safety-critical software and hardware for military and civil aviation applications. Located at the MTU campus in Munich, Germany, the new company is planned to start its operations in 2012.

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Seoul, South Korea, November 18, 2011 – MTU Aero Engines opened a new sales office in Seoul in South Korea today. The MTU Aero Engines Seoul Representative Office is managed by Kyoo Joo Chae. His main responsibility will be to market the leading German engine manufacturer's high-tech repair procedures. "We are excited to have attracted someone of Kyoo Joo Chae’s background and in-depth knowledge of the industry to this position.

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Dubai, November 17, 2011 – MTU Aero Engines has wrapped up a successful appearance at this year's Dubai Airshow and announced the receipt of a number of orders on the final day of the event. "The value of the deals concluded amounts over 400 million euros in business for us. These new contract wins are again impressive proof that the geared turbofan is successfully establishing itself in the market as the propulsion concept of the future," comments MTU CEO Egon Behle.

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Munich, October 26, 2011 – MTU Aero Engines Holding AG increased its revenues in the first nine months of 2011 by 4 % to € 2,067.3 million (1-9/2010: € 1,992.3 million). The company's operating profit1 rose by 8 % to € 244.3 million (1-9/2010: € 226.1 million), while net income2 improved by 9 % to € 134.6 million (1-9/2010: € 124.0 million). The EBIT margin thus rose to 11.8 % compared with 11.3 % in 1-9/2010.

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Munich, October 14, 2011 – For the fourth time around MTU Aero Engines, Germany's leading engine manufacturer, has honored suppliers for their outstanding performance. The MTU Supplier Awards were presented on Wednesday, October 12, on the occasion of this year's Supplier Day to seven companies. The prize winners received their awards at Münchner Künstlerhaus from Dr. Rainer Martens. "This award is a substantial part of our supplier management," explained MTU's Chief Operating Officer.

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Munich, October 13, 2011 - MTU Aero Engines intends to increase its share in the International Aero Engines (IAE) consortium. This move is expected to follow an agreement between Pratt & Whitney and Rolls-Royce on the restructuring of the IAE consortium, which markets the highly successful V2500 engines for Airbus A320 family aircraft. Rolls-Royce will sell its stake in IAE to Pratt & Whitney, which in turn will pass on parts of this share to MTU Aero Engines.

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Munich, September 28, 2011 - MTU Aero Engines has taken an 18-percent share in the PurePower PW1100G-JM engine program which is currently being developed for the emerging Airbus A320neo aircraft family. This has been agreed between MTU, JAEC and Pratt & Whitney, the leading OEM partner company in this program. According to the agreement, MTU will also take on a portion of the final engine assembly and test of the PW1100G - a new role for MTU in a high-volume commercial engine program.

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Beijing, China, September 22, 2011 – MTU Maintenance Zhuhai and Japanese Skynet Asia Airways (SNA) will be cooperating on the maintenance of CFM56-7 engines operated by the airline. A contract to this effect was inked by Toshio Kurokawa, General Manager, Maintenance and Engineering, SNA, and Holger Sindemann, President MTU Maintenance Zhuhai, at the Aviation Expo China this Thursday, September 22. The agreement now concluded runs for an initial five years; if renewed for another five years, it will cover the engines powering 13 Boeing 737NG jets that are currently going into service with the Japanese airline.

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Beijing, China, September 22, 2011 – MTU Aero Engines will soon use finished parts made in China to manufacture commercial engine components. On Thursday, September 22, 2011, Germany's leading engine manufacturer and the Chinese company Xi’an Aero-Engine (XAE) concluded a deal for the supply of 52 finished parts, which will go into commercial engine models. The contract was signed by MTU's Senior Vice President Procurement and Logistics, Theodor Pregler, and XAE's Vice President, Yan Guozhi, at this year's Aviation Expo China in Beijing.

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Beijing, September 21, 2011 – MTU Aero Engines of Germany and the Chinese engine manufacturer AVIC Commercial Aircraft Engine Co. Ltd. (ACAE) have signed an agreement on key terms for a possible cooperation on the future CJ1000 engine. CJ stands for ChangJiang the Chinese name for the river Yangtse meaning continuity for the future – the basis for the relationship.

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