Press Archive 2013

Munich, Germany, November 29, 2013 – The European Union’s new technology programme ENOVAL (ENgine mOdule VALidators) has been launched. Recently more than 140 representatives from the aerospace industry, from research and academic institutions as well as from the European Commission came together in Freising, near Munich, to kick-off the programme. In this project, which is led by MTU Aero Engines, 35 European partners are jointly developing new technologies for medium-sized, large and very large turbofan aero engines. The aim is to achieve reductions in CO2 emissions of up to five percent and in noise of up to 1.3 decibels.

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Munich / London, November 26, 2013 – MTU Aero Engines AG anticipates strong growth in its new engine business, based on higher delivery volumes in 2014. Revenues in this segment are expected to rise at a mid-teens percentage figure. According to forecasts, the spare parts business, which is much more profitable than the new engine business, will grow moderately in the mid-single-digit percentage range next year. Traditionally, earnings in the aircraft engine business are higher in later program life-cycle phases when the demand for maintenance, repair and overhaul services as well as for spare parts goes up.

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Munich, Riyadh, November 15, 2013 – The leading Saudi Arabian engine maintenance company Middle East Propulsion Company has strengthened its position as a provider of military engine maintenance, repair and overhaul (MRO) services for the whole of the Middle East region. Today, barely four years later after MTU’s acquisition of a 19-percent share in 2009, MEPC’s product portfolio has been continuously extended. The Middle East Propulsion Company has expanded its module maintenance work by winning contracts for the RB199, the engine powering the RSAF Tornado fleet.

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Munich, October 31, 2013 – MTU Aero Engines AG signed a new syndicated credit facility for 400 million euros, thus securing the group’s funding in the long term. The loan agreement with a syndicate consisting of five banks runs for five years and includes an option to extend the agreement for two years. This funding, which is used for general corporate purposes, is prematurely replacing the previous credit line of 100 million euros falling due in December 2015. 

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Munich, October 23, 2013 – In the first nine months of 2013, MTU Aero Engines AG recorded a 13% rise in revenues to € 2,778.1 million (1-9/2012: € 2,468.0 million). The company generated an operating profit1 of € 270.5 million (1-9/2012: € 278.0 million) with an operating margin of 9.7% (1-9/2012: 11.3%). Net income2 amounted to € 166.3 million after € 173.1 million in the equivalent period last year.

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Munich, October 10, 2013 - MTU Aero Engines AG’s Supervisory Board today unanimously voted to extend the contract with Chief Financial Officer Reiner Winkler. The new, five-year contract will run from October 1, 2014 through September 30, 2019. On January 1, 2014, Winkler will take over the helm of MTU Aero Engines AG as its new Chief Executive Officer, a role he will serve in addition to his duties as CFO.

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Munich (Germany)/Tokyo (Japan)/Amsterdam (The Netherlands), 17 September 2013 – MTU Maintenance, the world’s largest independent maintenance provider for commercial aircraft engines, and Japan-based Sumitomo Corporation, one of the largest trading companies worldwide, have created two new joint venture companies to jointly expand their business with the leasing of commercial aircraft engines.

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Hannover/Berlin (Germany), 08th August 2013 – MTU Maintenance, the world’s largest independent maintenance provider for commercial aircraft engines, has completed the 1,500th overhaul of a General Electric CF6-80 engine. The engine was delivered to  U.S. based operator US Airways with whom MTU is celebrating a 20-year business partnership this year.

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Munich, July 25th, 2013 - MTU Aero Engines AG’s supervisory board voted to extend chief operating officer Dr. Rainer Martens’ contract. Martens has been a member of MTU’s board of management since April 15, 2006, with overall responsibility for engineering and production. The contract renewal is for a term of five years, commencing on April 15, 2014.

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Munich, July 24, 2013 – MTU Aero Engines AG increased its revenues by 19 % to € 1,852.2 million in the first six months of 2013 (1-6/2012: € 1,559.0 million). Operating profit1 for the period came to € 171.7 million (1-6/2012: € 175.8 million), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %). The group’s net income2 amounted to € 105.1 million, compared with € 109.7 million in the first six months of 2012.

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