Latest Press Releases

Latest Press Releases 2019

Petaling Jaya, August 7, 2019 – Airfoil Services Sdn Bhd (ASSB), a 50/50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG, has broken ground on its facility extension. This expansion grows facility space by 5,200 square meters and will increase current repair capacity from 650,000 to 900,000 parts per year by 2020. This development underlines the shareholders’ commitment to increasing its footprint and investing in Malaysia.

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Hannover, July 31, 2019 – MTU Maintenance, the global leader in customized solutions for aero engines, and long-term partner Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., recently signed a seven-year extension of their CF6-80C2 contract. The contract builds on over 15 years collaboration between the two companies and includes maintenance, repair and overhaul coverage of over 200 engines powering Atlas Air’s B747 and B767 fleets, as well as engine trend monitoring. It incorporates numerous elements of MTU Maintenance’s SAVEPlus offering, one of the MTUPlus intelligent solutions and a product dedicated to reducing cost through smart strategies for mature engines

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Munich, July 25, 2019 – At half-year, MTU Aero Engines AG has raised its forecast for 2019. The company is now projecting an adjusted EBIT margin in the region of 16 %. The original forecast had been 15.5 % (2018: 14.7 %). “The increase in the earnings outlook mainly reflects two factors: One is that our MTU Maintenance Zhuhai site in China developed somewhat more positively than anticipated. In addition, changes in the product mix also had a positive effect,” said Reiner Winkler, CEO of MTU Aero Engines AG. Net income adjusted is expected to increase in line with EBIT adjusted (EBIT adjusted, 2018: € 671.4 million, net income adjusted, 2018: € 479.1 million). The cash conversion rate – that is, the ratio of free cash flow to net income adjusted – is expected to lie between 65 and 70 % in 2019. MTU’s previous forecast specified a target range between 55 and 65 % (2018: 42 %).
 

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Hannover, July 23, 2019 – MTU Maintenance, the global leader in customized solutions for aero engines, and valued, long-term partner JetBlue Airways signed an exclusive 13-year contract for the airline’s V2500 pre-select fleet today. The contract covers maintenance, repair and overhaul for the engines from 2020 to 2033. This contract takes MTU Maintenance’s total contract wins to 4.5 billion U.S. Dollars for the first seven months of 2019.

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Munich, July, 1st 2019 – MTU Aero Engines, Germany’s leading engine manufacturer, is facing up to its responsibility by acting sustainably. As far as sustainability is concerned, what plans has MTU set out for itself as a company and for its products? What has the company already accomplished on its way to attaining its goals? All these facts and figures are released in the 2018 Sustainability Report. Under sustainability.mtu.de/report2018/en/ the company accounts of its activities in the area of sustainability and corporate responsibility, a report drawn up according to international standards (Global Reporting Initiative and the principles of the UN Global Compact). 

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Munich, June 20, 2019 – This year's aviation industry gathering in Paris ends with an order intake of more than 1.3 billion US Dollars (about 1.2 billion euros; according to list price) for MTU Aero Engines. The orders for Germany's leading engine manufacturer mainly result from orders and memorandums of understanding (MoU) for the geared turbofan (GTF) engines of the PW1000G family for short- and medium-range aircraft. They account for around 95 percent of the volume during the Paris Air Show. There was also a commitment for the GEnx long-range engine, in which MTU also has a stake.

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Vancouver, June 19, 2019 -- MTU Maintenance Canada has taken possession of a brownfield site adding capacity to the Vancouver operations. The building is located next to Boundary Bay airport, in the Vancouver suburb of Delta and was originally designed and operated as a maintenance facility for helicopters and helicopter engines. The facility will immediately provide much-needed additional expansion space of around 60 percent. Following minor modifications by year-end, it also enables MTU Maintenance Canada to consolidate all of its repair activates, currently spread across three locations at Vancouver airport, into one location.

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Munich/Paris, June19, 2019 – MTU Aero Engines AG, a leading engine manufacturer and one of the world’s largest engine maintenance providers, has chosen the municipality of Nova Pazova, about 25 kilometers north of Belgrade International Airport as the location for its new repair facility. The company will establish a parts repair shop with a capacity of approximately 400,000 annual repair hours. This is in addition to the 1.9 million repair hours MTU currently performs per year at existing facilities. The new site will be run by MTU Maintenance Serbia d.o.o., a 100 percent MTU subsidiary to be founded soon, and is expected to be operational over the course of 2022.

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Paris, June 18, 2019 – „Answering tomorrow‘s challenges“: Never before has MTU Aero Engines had such good answers ready as today to tackle the challenges the aviation industry will be facing down the road. “We’re conscious of our responsibility for sustainable, emissions-free flying. That’s why we’re already investing today in pioneering technologies for the aviation of tomorrow,” explains MTU’s COO Lars Wagner. At this year’s Paris Air Show the company will present truly pioneering ideas and concepts: innovative evolutionary technologies for the next engine generation and also revolutionary technologies for the year 2050 and after.

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Paris, 17 June 2019 – Hybrid, safe and practically noiseless: These are the attributes of an innovative small aircraft, dubbed Silent Air Taxi, e.SAT GmbH, a company based in Aachen, Germany, plans to bring to the market. The new air taxi, which is capable of carrying five passengers, was presented to the public for the first time last week. Today, the project has reached the next milestone: On the first day of this year’s International Paris Air Show, e.SAT GmbH and MTU Aero Engines signed a letter of intent (LoI). The parties agreed that Germany’s leading engine manufacturer will take a stake in the development and production of the unique hybrid-electric powertrain for the new aircraft and acquire shares in the recently founded company in the amount of ten million euros.

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