Press Archive 2011

Munich, Germany, December 8, 2011 – MTU Aero Engines and Sagem have signed a Memorandum of Understanding (MoU) to form a joint venture in the field of the development of safety-critical software and hardware for military and civil aviation applications. Located at the MTU campus in Munich, Germany, the new company is planned to start its operations in 2012.

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Seoul, South Korea, November 18, 2011 – MTU Aero Engines opened a new sales office in Seoul in South Korea today. The MTU Aero Engines Seoul Representative Office is managed by Kyoo Joo Chae. His main responsibility will be to market the leading German engine manufacturer's high-tech repair procedures. "We are excited to have attracted someone of Kyoo Joo Chae’s background and in-depth knowledge of the industry to this position.

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Dubai, November 17, 2011 – MTU Aero Engines has wrapped up a successful appearance at this year's Dubai Airshow and announced the receipt of a number of orders on the final day of the event. "The value of the deals concluded amounts over 400 million euros in business for us. These new contract wins are again impressive proof that the geared turbofan is successfully establishing itself in the market as the propulsion concept of the future," comments MTU CEO Egon Behle.

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Munich, October 26, 2011 – MTU Aero Engines Holding AG increased its revenues in the first nine months of 2011 by 4 % to € 2,067.3 million (1-9/2010: € 1,992.3 million). The company's operating profit1 rose by 8 % to € 244.3 million (1-9/2010: € 226.1 million), while net income2 improved by 9 % to € 134.6 million (1-9/2010: € 124.0 million). The EBIT margin thus rose to 11.8 % compared with 11.3 % in 1-9/2010.

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Munich, October 14, 2011 – For the fourth time around MTU Aero Engines, Germany's leading engine manufacturer, has honored suppliers for their outstanding performance. The MTU Supplier Awards were presented on Wednesday, October 12, on the occasion of this year's Supplier Day to seven companies. The prize winners received their awards at Münchner Künstlerhaus from Dr. Rainer Martens. "This award is a substantial part of our supplier management," explained MTU's Chief Operating Officer.

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Munich, October 13, 2011 - MTU Aero Engines intends to increase its share in the International Aero Engines (IAE) consortium. This move is expected to follow an agreement between Pratt & Whitney and Rolls-Royce on the restructuring of the IAE consortium, which markets the highly successful V2500 engines for Airbus A320 family aircraft. Rolls-Royce will sell its stake in IAE to Pratt & Whitney, which in turn will pass on parts of this share to MTU Aero Engines.

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Munich, September 28, 2011 - MTU Aero Engines has taken an 18-percent share in the PurePower PW1100G-JM engine program which is currently being developed for the emerging Airbus A320neo aircraft family. This has been agreed between MTU, JAEC and Pratt & Whitney, the leading OEM partner company in this program. According to the agreement, MTU will also take on a portion of the final engine assembly and test of the PW1100G - a new role for MTU in a high-volume commercial engine program.

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Beijing, China, September 22, 2011 – MTU Maintenance Zhuhai and Japanese Skynet Asia Airways (SNA) will be cooperating on the maintenance of CFM56-7 engines operated by the airline. A contract to this effect was inked by Toshio Kurokawa, General Manager, Maintenance and Engineering, SNA, and Holger Sindemann, President MTU Maintenance Zhuhai, at the Aviation Expo China this Thursday, September 22. The agreement now concluded runs for an initial five years; if renewed for another five years, it will cover the engines powering 13 Boeing 737NG jets that are currently going into service with the Japanese airline.

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Beijing, China, September 22, 2011 – MTU Aero Engines will soon use finished parts made in China to manufacture commercial engine components. On Thursday, September 22, 2011, Germany's leading engine manufacturer and the Chinese company Xi’an Aero-Engine (XAE) concluded a deal for the supply of 52 finished parts, which will go into commercial engine models. The contract was signed by MTU's Senior Vice President Procurement and Logistics, Theodor Pregler, and XAE's Vice President, Yan Guozhi, at this year's Aviation Expo China in Beijing.

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Beijing, September 21, 2011 – MTU Aero Engines of Germany and the Chinese engine manufacturer AVIC Commercial Aircraft Engine Co. Ltd. (ACAE) have signed an agreement on key terms for a possible cooperation on the future CJ1000 engine. CJ stands for ChangJiang the Chinese name for the river Yangtse meaning continuity for the future – the basis for the relationship.

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Hanover, Germany, September 12, 2011 – MTU Maintenance Hannover has succeeded in winning its first GE90 maintenance customers: Air New Zealand, Southern Air and V Australia will have their GE90-110Bs and -115Bs supported by MTU. The engines are powering the Boeing 777s operated by these airlines. The contracts have a combined value of approximately 550 million U.S. dollars.

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Hanover, Germany, September 12, 2011 – MTU Maintenance has been successful in winning its first GE90 maintenance customer. Air New Zealand has appointed the Hannover-based company for the maintenance on the GE90-115B engines powering its five Boeing 777-300ER aircraft.

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Hanover, Germany, and Norwalk, Connecticut, September 12, 2011 – Southern Air Holdings, Inc. has awarded MTU Maintenance Hannover an exclusive 12-year maintenance and spare engine support contract covering all present and future GE90-110B engines in Southern Air’s 777 Freighter fleet. The two companies also entered into an agreement under which MTU will provide maintenance and spare engine support to Southern Air’s CF6-80 engines for the multiple GE-powered 747-400s it will be adding to its fleet starting next year. MTU expects this multi-year partnership will generate at least 150 million Euros in revenues over the lifetime of the agreement.

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Hanover, Germany, September 12, 2011 – MTU Maintenance Hannover has been successful in adding a new airline from Australia to its growing customer base: V Australia will send its fleet of GE90 Growth engines powering its Boeing five 777-300ER fleet to Hanover for maintenance. The carrier, a subsidiary of the Virgin Australia group of airlines, has signed a long term agreement with the German engine MRO specialist.

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Munich, August 24, 2011 – MTU Aero Engines kicked off GEnx turbine center frame deliveries on Wednesday, August 24, when it handed the first production module over to GE Aviation. In a last bolt ceremony held at MTU in Munich, Rhonda Sample, Manager Manufacturing Programs at GE Aviation officially took delivery of the module from MTU CEO Egon Behle. Thus, deliveries of this MTU module for the U.S. manufacturer's fast-selling new engine started on time. Plans are to ramp up production to be able to ship one turbine center frame a day.

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Munich, August 1, 2011 – In the first half of 2011, MTU Aero Engines Holding AG boosted its operating profit1 by 14 % to € 164.0 million (1-6/2010: € 144.1 million). “That's the best half-year result in the history of MTU,” said Egon Behle, CEO of MTU Aero Engines Holding AG, “and it is reason for us to revise our full-year forecast upward. We are now expecting to achieve an EBIT adjusted figure of € 325 million in 2011.” MTU had previously assumed an EBIT adjusted comparable to the previous year's (2010: € 311.3 million).

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Paris, June 22, 2011 – For Germany's leading engine manufacturer, the air show in France's Le Bourget was a huge success: MTU CEO Egon Behle reported that the company had bagged orders in the total amount of more than 600 million euros. "That's a figure that is twice as high as at the last Paris Air Show two years ago," explained Behle.

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Le Bourget, June 21, 2011 – MTU Aero Engines has concluded a strategic agreement with TECT Power for the supply of compressor blisks. The contract provides for the U.S. company to deliver as many as 800 of the high-tech components a year to Germany's leading engine manufacturer. The deal was clinched at the 2011 Paris Air Show in Le Bourget on Tuesday, June 21, 2011.

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Munich, May 3, 2011 – MTU Aero Engines Holding AG improved its revenues in the first quarter 2011 by 4 % to € 664.8 million (1-3/2010: € 640.2 million). The company's operating profit1 rose by 17 % to € 80.5 million, compared with € 68.8 million in the same quarter of the previous year. This brought the operating margin up to 12.1 % compared with 10.7 % in the first three months of 2010. At € 40.4 million, net income2 remained stable (1-3/2010: € 40.1 million).

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Munich, April 12, 2011 – MTU's Maintenance group did extremely well in the first quarter: In the first three months of this year, new contracts worth around 400 million euros were signed. One of the largest was awarded by Atlas Air. The U.S. carrier had started to send the CF6-50 and CF6-80 engines powering its Boeing 747 fleet to MTU Maintenance Hannover for maintenance, repair and overhaul (MRO) back in 1999.

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Zhuhai, China, April 6, 2011 – MTU Maintenance Zhuhai is a jewel among the shops operated by MTU Maintenance. Ten years ago, the company obtained regulatory approval from the authorities, and ever since it opened shop, it has seen consistent expansion of its business. "Today, MTU Maintenance Zhuhai is the No. 1 engine maintenance provider in China, a position which it attained within a mere ten years' time. I have the great pleasure to extend my sincere congratulations on this achievement," said Egon Behle.

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Munich, April 1, 2011 – MTU Aero Engines benefits from one of the largest orders placed in recent aviation history. Indian airline IndiGo has selected Pratt & Whitney's PurePower PW1100G to equip 150 A320neo aircraft it has on firm order. The deal is for 300 of the propulsion systems, plus options on additional engines. MTU Aero Engines expects the deal to be worth about 300 million euros; the company has a stake of about 15 percent in the geared turbofan (GTF) engine.

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Munich, February 23, 2011 – MTU Aero Engines exceeded its earnings forecast for the financial year 2010. Operating profit1 increased by 7 % from € 292.3 million in 2009 to € 311.3 million, which is higher than the earnings forecast of € 310 million that had been revised upward in the course of the year. MTU also improved its return on sales by 0.3 percentage points to 11.5 %, once again demonstrating the company's high level of profitability. MTU's net income of € 142.2 million was not only higher than the previous year's figure of € 141.0 million, but also above the company's declared target of € 140 million.

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