IR News details

• MTU reports strong 2016 Farnborough International Airshow results

Munich, July 14, 2016 – This year’s Farnborough International Airshow was a big success for MTU Aero Engines: Germany’s leading engine manufacturer racked up orders worth around one billion euros (approx. 1,1 billion U.S. dollars), with the PW1000G family of geared turbofan (GTF) engines doing particularly well. “The geared turbofan technology continues to be in very high demand among airlines,” says MTU Chief Executive Officer Reiner Winkler. “For MTU, the GTF will be the most important propulsion concept of the future. With our high market share in programs for short- and medium-range aircraft as well as regional and business jets, we also stand to benefit from the aftermarket business in future,” Winkler continues to explain. The total volume of orders for engines in which MTU has a stake also includes propulsion systems for long-haul airplanes.

For MTU, the geared turbofan (GTF) engines for the Airbus A320neo family ranked top on the list in terms of orders received at the trade show. The biggest contract was awarded by Hungarian carrier Wizz Air; taken together with the orders and options placed by German airline Germania, AerCap Holding N.V., the world’s largest aircraft leasing company and a unnamed leasing company, a total of 251 aircraft powered by PurePower® PW1100G-JM engines were purchased for the carriers’ A320neo fleets. Contracts were won also for the PW1200G and PW1900G variants for Mitsubishi’s MRJ90 regional jets and the new generation of Embraer’s E-Jets, respectively. As the first European customer, Swedish lessor Rockton signed a letter of intent to buy 20 Mitsubishi MRJs. Embraer likewise received orders for 20 aircraft. Customers are Arkia Israeli Airlines and Indonesian carrier Kalstar Aviation.

MTU also benefits from business with new-generation widebody aircraft: Russia’s Volga-Dnepr Group has selected the GEnx engine for 16 Boeing 747-8F freighters. Other new orders were won for the engine powering the current A320 family of aircraft, IAE’s V2500. In all, 39 Airbus A320ceo aircraft were purchased by leasing company BOC Aviation from Singapore, AWAS Aviation Capital Limited from Dublin and a unnamed leasing company.