Press Archive 2013

Munich, Germany, November 29, 2013 – The European Union’s new technology programme ENOVAL (ENgine mOdule VALidators) has been launched. Recently more than 140 representatives from the aerospace industry, from research and academic institutions as well as from the European Commission came together in Freising, near Munich, to kick-off the programme. In this project, which is led by MTU Aero Engines, 35 European partners are jointly developing new technologies for medium-sized, large and very large turbofan aero engines. The aim is to achieve reductions in CO2 emissions of up to five percent and in noise of up to 1.3 decibels.

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Munich / London, November 26, 2013 – MTU Aero Engines AG anticipates strong growth in its new engine business, based on higher delivery volumes in 2014. Revenues in this segment are expected to rise at a mid-teens percentage figure. According to forecasts, the spare parts business, which is much more profitable than the new engine business, will grow moderately in the mid-single-digit percentage range next year. Traditionally, earnings in the aircraft engine business are higher in later program life-cycle phases when the demand for maintenance, repair and overhaul services as well as for spare parts goes up.

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Munich, Riyadh, November 15, 2013 – The leading Saudi Arabian engine maintenance company Middle East Propulsion Company has strengthened its position as a provider of military engine maintenance, repair and overhaul (MRO) services for the whole of the Middle East region. Today, barely four years later after MTU’s acquisition of a 19-percent share in 2009, MEPC’s product portfolio has been continuously extended. The Middle East Propulsion Company has expanded its module maintenance work by winning contracts for the RB199, the engine powering the RSAF Tornado fleet.

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Munich, October 31, 2013 – MTU Aero Engines AG signed a new syndicated credit facility for 400 million euros, thus securing the group’s funding in the long term. The loan agreement with a syndicate consisting of five banks runs for five years and includes an option to extend the agreement for two years. This funding, which is used for general corporate purposes, is prematurely replacing the previous credit line of 100 million euros falling due in December 2015. 

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Munich, October 23, 2013 – In the first nine months of 2013, MTU Aero Engines AG recorded a 13% rise in revenues to € 2,778.1 million (1-9/2012: € 2,468.0 million). The company generated an operating profit1 of € 270.5 million (1-9/2012: € 278.0 million) with an operating margin of 9.7% (1-9/2012: 11.3%). Net income2 amounted to € 166.3 million after € 173.1 million in the equivalent period last year.

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Munich, October 10, 2013 - MTU Aero Engines AG’s Supervisory Board today unanimously voted to extend the contract with Chief Financial Officer Reiner Winkler. The new, five-year contract will run from October 1, 2014 through September 30, 2019. On January 1, 2014, Winkler will take over the helm of MTU Aero Engines AG as its new Chief Executive Officer, a role he will serve in addition to his duties as CFO.

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Munich (Germany)/Tokyo (Japan)/Amsterdam (The Netherlands), 17 September 2013 – MTU Maintenance, the world’s largest independent maintenance provider for commercial aircraft engines, and Japan-based Sumitomo Corporation, one of the largest trading companies worldwide, have created two new joint venture companies to jointly expand their business with the leasing of commercial aircraft engines.

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Hannover/Berlin (Germany), 08th August 2013 – MTU Maintenance, the world’s largest independent maintenance provider for commercial aircraft engines, has completed the 1,500th overhaul of a General Electric CF6-80 engine. The engine was delivered to  U.S. based operator US Airways with whom MTU is celebrating a 20-year business partnership this year.

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Munich, July 25th, 2013 - MTU Aero Engines AG’s supervisory board voted to extend chief operating officer Dr. Rainer Martens’ contract. Martens has been a member of MTU’s board of management since April 15, 2006, with overall responsibility for engineering and production. The contract renewal is for a term of five years, commencing on April 15, 2014.

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Munich, July 24, 2013 – MTU Aero Engines AG increased its revenues by 19 % to € 1,852.2 million in the first six months of 2013 (1-6/2012: € 1,559.0 million). Operating profit1 for the period came to € 171.7 million (1-6/2012: € 175.8 million), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %). The group’s net income2 amounted to € 105.1 million, compared with € 109.7 million in the first six months of 2012.

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Munich, July 9, 2013 – The Airbus A380 sets a benchmark for low fuel burn and low noise. The world’s largest commercial aircraft owes its high efficiency and amazing noise level to no small degree to its GP7000 engines, in which MTU Aero Engines has a stake of 22.5 percent. Three months ago, the 250th engine was handed over to Airbus in Toulouse for final assembly, and now Germany’s leading engine manufacturer has completed and delivered the 300th low-pressure turbine and the 300th turbine center frame.

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Munich / Rzeszów, June 25, 2013 – MTU Aero Engines is expanding its facility in Rzeszów in the south of Poland: MTU Aero Engines Polska, located in the Polish Aviation Valley, will add a new, 9,200-square-meter building, which will increase the area occupied by buildings by 50 percent. The total investment that will go into the project amounts to some 40 million euros. “The expansion of our Polish affiliate is part of MTU’s investment and growth strategy, very much in the same way as the new blisk production shop we built in Munich and the logistics center we set up in Hannover.

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Paris, June 20, 2013 – MTU Aero Engines has achieved numerous new contracts at this year’s Paris Air Show. Germany’s leading engine manufacturer records orders worth more than 1.3 billion US dollars (around 1 billion euros) at the event in Le Bourget. Over three-fourths of the more than 1,300 engines ordered are of the PW1000G family, which offer a lower fuel burn and are very quiet. “This is an impressive proof that the eco-efficiency of flying is increasingly becoming a major priority, and that the geared turbofan engine has firmly established itself as the new propulsion concept in the marketplace,” commented MTU CEO Egon Behle.

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Munich, June 14, 2013 – The PW306D is the latest addition to Pratt & Whitney Canada’s successful PW300 engine family. Now Transport Canada Civil Aviation has approved type certification for the turbofan. MTU Aero Engines, Germany’s leading engine manufacturer, has a 25-percent work share in the PW306D. “This is MTU’s highest stake in any of the engine programs in which we participate. We have been partnering with Pratt & Whitney Canada on most of this engine family since 1985 and are very pleased to have a share also in this, the latest version of the engine,” explained MTU Aero Engines CEO Egon Behle.

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Munich, May 27, 2013 – At its 280-square-meter booth No. 254 in Hall 2A, Germany’s leading engine manufacturer MTU Aero Engines will showcase a line-up of commercial and military products and services from its portfolio. The highlight of its exhibition is the full-scale mock-up of a geared turbofanTM (GTF) engine built by Pratt & Whitney and MTU. “In no other program before have we seen such a large quantity of orders coming in so quickly,” says MTU CEO Egon Behle. Around 3,500 firm orders and options have been received to date.

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Munich, May 2, 2013 – MTU Aero Engines is adding a new chapter to the success story of the turbine center frame for the GEnx engine: In the past four years, Germany’s leading engine manufacturer has moved from one milestone to the next in quick succession, and has now shipped the 200th module. “We’ve accomplished this milestone in record time,” states Egon Behle.

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Munich, April 25, 2013 – MTU Aero Engines Holding AG started the financial year 2013 with a 35 % surge in revenues, which amounted to € 944.7 million in the first quarter 2013, compared with € 698.0 million in the first quarter 2012. The group generated an operating profit1 of € 89.3 million (1-3/12: € 91.4 million), which corresponds to an EBIT margin of 9.5 %. Earnings after tax2 amounted to € 54.5 million, compared with € 56.9 million in the first three months of 2012.

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Atlanta, April 16, 2012 – MTU Maintenance has been awarded Leading independent MRO organization by Aviation Week, the largest information and services provider to the global commercial, defense, MRO, space and business aviation communities. The award was presented at Aviation Week’s MRO Global Awards ceremony during MRO Americas in Atlanta (USA). “We are very grateful that Aviation Week has honored us with this prestigious award,” said Dr. Stefan Weingartner, President Commercial Maintenance at MTU Aero Engines.

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Munich, April 16, 2013 – After 20 months of construction and installation activities, MTU Aero Engines today inaugurated its new center of excellence for blisks at its premises in Munich. Numerous guests of honor from politics and industry had come to attend the ceremony, among them State Minister and Head of the Bavarian State Chancellery Thomas Kreuzer (Member of Bavaria’s State Parliament), who lauded the company’s strong commitment to keeping aviation business and jobs in Germany.

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Munich, April 9, 2013 – Today, the Supervisory Board of MTU Aero Engines Holding AG has appointed the current Chief Financial Officer Reiner Winkler (51) to become Chief Executive Officer (CEO), effective January 1, 2014. He succeeds Egon Behle (57), who is no longer available for a contract extension.

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Langenhagen, Germany, 27 March 2013 – After a building phase of only eight months, MTU Maintenance Hannover’s new logistics center was ceremonially opened this Wednesday. The storage building for spare parts has a floor space of 7,500 square meters and features the most advanced logistic processes. Before the opening of the new logistics center, the parts were stored externally.

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Munich, March 13, 2013 – At a meeting held earlier today, MTU Aero Engines Holding AG’s Supervisory Board and Board of Management agreed the dividend proposal for fiscal 2012 to be submitted for approval at the Annual General Meeting on May 3, 2013. Their proposal is to set the dividend at 1.35 € per share. “With this move, we continue MTU’s policy of paying dividends that reflect the company’s earnings performance,” said Chairman of the Supervisory Board Klaus Eberhardt.

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Munich, February 19, 2013 – 2012 was the most successful financial year in the history of MTU Aero Engines Holding AG, as the company announced during the presentation of its provisional financial statements at the annual results press conference on Tuesday, February 19, 2013. MTU’s revenues reached the record level of € 3,378.6 million (2011: € 2,932.1 million), thus exceeding the company’s forecast of € 3.3 billion.

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Hanover, Germany, 1st February 2013 – The GE90, the world’s largest and most powerful commercial aircraft engine will be playing an increasingly important role in the global MRO market. According to research, shop visits for this engine type are going to grow by 13 percent annually until 2020. MTU Maintenance, the world’s largest independent provider of engine maintenance services, will benefit from this development and will significantly strengthen its aftermarket position on the wide body segment.

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Hanover, Germany, 31 January 2013 – MTU Maintenance, the world’s leading independent maintenance provider, is proud to announce that it has signed a new contract with the Brazilian carrier GOL Linhas Aéreas Inteligentes for engine overhaul and on-wing support services of its CFMI CFM56-7B engines. The exclusive contract has a duration of five years and is valued at 440 million US dollars. Dr. Stefan Weingartner, President Commercial Maintenance MTU Aero Engines, said: “We are very happy to have added one of the fastest growing airlines in Latin America to our customer portfolio.

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