Latest Press Releases

Latest Press Releases 2019

Langenhagen, December 4, 2019 – MTU Maintenance, the global leader in customized solutions for aero engines, celebrates its 40th anniversary and 20,000th shop visit in Hannover, Germany, today. The celebration of the official founding of the wholly-owned MTU subsidiary, MTU Maintenance Hannover GmbH, on November 29, 1979, was attended by local politicians including Stephan Weil, Minister President of Lower Saxony, MTU executives, employees present from the start and current apprentices.

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December 3rd 2019, Paris (France) / Munich (Germany) The FCAS (Future Combat Air System) program takes a major step ahead: Safran Aircraft Engines and MTU Aero Engines settled the details concerning their eye-level partnership to develop the engine of the next-generation European fighter aircraft NGF.

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Munich, November 28, 2019 – At its Capital Market Day, MTU Aero Engines AG presented an initial outlook on its expected business development in 2020. In the upcoming financial year, the commercial business sectors – i.e. commercial new engine and spare parts business as well as commercial maintenance business – are predicted to be the main sources of growth. The military engine business is expected to remain stable. For 2020, MTU is anticipating an increase in operating profit in the high single-digit percentage range. The cash conversion rate – that is, the ratio of free cash flow to net income adjusted – is expected to be around 70 percent. In the longer term, MTU sees prospects for growth in all business segments.

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Zhuhai, November 25, 2019 – MTU Maintenance, the global leader in customized solutions for aero engines, and Malaysia Airlines Berhad signed an exclusive 10-year contract for the airline’s over 100 CFM56-7B engines today. The contract covers maintenance, repair and overhaul for the engine fleet until phase-out and includes lease engines and LLP management. 

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Munich, November 5, 2019 – With the geared turbofan (GTF), Pratt & Whitney and MTU Aero  Engines are building the most eco-efficient propulsion system currently available in the marketplace. MTU not only contributes key turbine and compressor technologies to this highly advanced family of engines, the company is also responsible for final assembly of one third of the PW1100G-JM geared turbofans that power the Airbus A320neo.

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Munich, October 25, 2019 – In the first nine months of 2019, MTU Aero Engines generated revenues of € 3,403.7 million, up 3 % on the previous year (1-9/2018 € 3,318.7 million). The group’s operating profit increased by 10 % from € 508.9 million to € 557.7 million. The EBIT margin rose from 15.3 % to 16.4 %. Net income increased by 8 % to € 391.7 million (1-9/2018: € 362.8 million).

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Munich / Belgrade, October 23, 2019 - MTU Aero Engines AG and the government of the Republic of Serbia inked a Memorandum of Cooperation (MoC) establishing their close cooperation in the field of training of skilled labor. The aim is to effectively address the specific needs of the aviation industry in the curricula of vocational and trade schools. The move clears the way for an adoption of a training scheme based on the proven dual system of classroom and work-place learning for teaching people the ropes of the aviation industry.

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Munich, October 15, 2019 – High-tech at its best: MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After two years of construction, the test center is now operational. This afternoon, Judith Gerlach, Bavarian State Minister for Digital Affairs, and MTU’s Chief Operating Officer (COO) Lars Wagner inaugurated the facility in a ceremony attended by around 100 guests from business, politics and science as well as company employees.

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Munich, September 26, 2019 – MTU Aero Engines, Germany’s leading engine manufacturer, has been developing and manufacturing brush seals for many years. Made up from thousands of wires – each just a fraction of a millimeter thick – these seals are a highly effective way of reducing leakage in aircraft engines as well as in steam and industrial gas turbines and other industrial applications. Thanks to their flexibility, they perfectly adapt to the moving surfaces to be sealed. They also stand out for their stable operating behavior and high temperature resistance.

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Singapore, September 24, 2019 – MTU Maintenance, the global leader in customized solutions for aero engines, announces today that it has opened an office in the heart of the aviation leasing hub Singapore. The new office is located in the Central Business District and its grand opening is being celebrated during the on-going MRO Asia. Luc Morvan has taken on the role of Chief Representative of MTU Maintenance’s activities in Singapore. He will be responsible for building up business in the Asia-Pacific region.

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