Latest Press Releases

Latest Press Releases 2018

Munich / Hannover, December 13th, 2018 – On 1st January 2019, Martin Friis-Petersen (45) will take on the role of Senior Vice President MRO Programs at MTU Aero Engines, heading up the sales and marketing organization for MTU Maintenance. He takes over from Leo Koppers (60), who is retiring after 16 years with MTU.

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Munich, November 30, 2018 – At its Capital Market Day, MTU Aero Engines AG presented its outlook for the group’s short- and long-term growth. The commercial series production and spare parts revenues are expected to be the main sources of growth in 2019. In a turnaround from previous years, the military engine business is predicted to take off again. MTU expects its adjusted EBIT margin to remain stable. In the short and long term, the prospects for growth in all business units are better than originally assumed. Net income is forecast to rise steadily between now and 2025, accompanied by further improvements in free cash flow.

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Hannover, November 28, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, and new customer Serene Air have signed a long-term contract. The agreement covers the maintenance, repair and overhaul of the Pakistani operator’s CFM56-7 engines, powering its Boeing 737-800 fleet. Further, the agreement includes on-site support and spare engine leasing. The contract also includes the option to expand the scope in the future to include additional engines from Serene Air’s fleet. 

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Munich, November 16, 2018 – For the seventh time around, MTU Aero Engines has honored suppliers for their outstanding performance. On the occasion of this year’s Supplier Day, which was held in Munich in early November, the MTU Supplier Awards were presented to six companies in five categories. MTU’s Chief Operating Officer Lars Wagner explained: “With this award, which is a substantial part of our supplier management, we want to honor excellent achievements of our suppliers.”

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Zhuhai, November 7, 2018 – MTU Maintenance Zhuhai signed a number of agreements at the Zhuhai Airshow in China this morning. The first was a five-year agreement with longstanding customer Hainan Airlines for V2500 MRO services. Hainan Airlines and MTU Maintenance Zhuhai have worked together on CFM56 engines for well over ten years and are now expanding their cooperation to include the V2500 engines powering the airline’s A320 fleet.

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Hannover, November 6, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, has signed a CFM56-7 engine MRO contract with new customer Regent Airways. The seven-year contract covers the maintenance repair and overhaul of the engines powering the airline’s six Boeing 737 aircraft, as well as spare engine leasing and reliable on-site support. 

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Zhuhai, November 6, 2018 – MTU Aero Engines AG and China Southern Airlines have extended their joint venture contract for its joint engine MRO facility, MTU Maintenance Zhuhai, by 20 years to 2051.

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Munich, October 25, 2018 – In the first nine months of 2018, MTU Aero Engines generated revenues of € 3,318.7 million, up 14% on the previous year (1-9/2017: € 2,900.8 million). The group’s operating profit increased by 16% from € 439.9 million to € 508.9 million. The EBIT margin stood at 15.3%
(1-9/2017: 15.2%). Earnings after tax rose by 16% to € 362.8 million (1-9/2017: € 312.8 million).

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Munich, October 24, 2018 – MTU Aero Engines AG’s Supervisory Board has extended the contract of CEO Reiner Winkler (57) by five years until September 30, 2024. The decision was made by a unanimous vote at the Supervisory Board’s meeting on October 24, 2018.

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Amsterdam, October 16, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, launches Technical Asset Management Services (TAMS) for asset owners. This range of services covers comprehensive technical consulting and fleet management, transitions management and housekeeping support for aircraft engines. 

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