MTU Maintenance Zhuhai, a 50/50 joint venture between MTU Aero Engines and China Southern Airlines Company Limited, marks 20 years since the company was founded. Over the past two decades, the facility has completed over 3,000 engines and grown from a greenfield facility to become the largest engine shop in Asia by shop visits.
MTU Maintenance, global leader in customized solutions for aero engines, and long-standing partner Sichuan Airlines have strengthened their existing relationship with an engine MRO contract for the airline’s V2500 and CFM56-5B engines.
At todays’ meeting, the Supervisory Board of MTU Aero Engines AG resolved to present a proposal for a dividend of €1.25 to the virtual Annual General Meeting on April 21, 2021. The Supervisory Board has therefore accepted the proposal made by the Executive Board (see press release of February 18, 2021).
MTU Maintenance, global leader in customized service solutions for aero engines, makes leadership changes on the North American continent with two new managers. Experienced leader Uwe Zachau assumes the role of Managing Director and CEO of MTU Maintenance Canada on March 1st. Further, industry insider Nezam Moghadassian took over the role of President and General Manager of MTU Maintenance Dallas in December 2020.
MTU Aero Engines AG has presented its preliminary figures for 2020: Revenue was €3,977 million, compared with €4,628 million in 2019. The operating profit was €416 million (2019: €757 million) and the EBIT margin was 10.5% (2019: 16.4%). Net income was €294 million in 2020, compared with €538 million in 2019.
Effective January 1st, Patrick Biebel (34) took over the helm of MTU Maintenance Lease Services B.V., a joint venture between MTU Aero Engines and Sumitomo Corporation headquartered in Amsterdam. In his role as Managing Director, Biebel follows on from Andrea Lübke and he will be responsible for MTU’s leasing business, asset management activities and driving the company forward.
MTU Maintenance, global leader in customized solutions and start-up airline from Pakistan, Air Sial, have signed an exclusive five-year contract for the maintenance, repair and overhaul of Air Sial’s six V2500 engines. Beyond MRO, the agreement includes engine trend monitoring, on-site services and lease engine support as well as technical training.