IAE International Aero Engines AG (IAE) announced it has successfully tested the V2500 engine with 100% sustainable aviation fuel (SAF) at MTU Maintenance Hannover, Germany.
MTU Maintenance has appointed Mohammad Alamoush as Director of Leasing and Asset Management at the company’s representative office in Dubai, in a an effort to further diversify the network’s services in the Middle East region.
MTU Aero Engines AG has published its preliminary figures for 2023. The figures were affected, in particular, by the Geared Turbofan fleet management plan, which has been eliminated as a one-time special item to enhance comparability. In 2023, MTU generated adjusted revenue of €6.3 billion, an in-crease of 19% compared with 2022 (2022: €5.3 billion). Adjusted EBIT increased by 25% from €655 million to €818 million in 2023. The adjusted EBIT margin rose from 12.3% in 2022 to 12.9% in 2023. Adjusted net income was 25% higher at €594 million (2022: €476 million). The Geared Turbofan fleet management plan had an impact of around €1 billion on the reported figures. Consequently, in 2023 MTU generated reported revenue of €5.4 billion, reported EBIT of €-161 million and a reported net loss of €97 million.
The new Clean Aviation technology program, HEROPS (Hydrogen-Electric Zero Emission Propulsion System), was launched in mid-January. Some 30 representatives of the participating partners in the fields of industry, research, and science came to Munich for the kickoff event at MTU Aero Engines.