Latest Press Releases

Latest Press Releases 2021

21P2104 - GTF Advantage

Munich, December 2, 2021 – Pratt & Whitney is introducing the GTF Advantage engine configuration, unveiling a technologically improved geared turbofan engine for the A320neo family. The American engine maker announced today that work was in progress. Key optimizations are being supplied by MTU Aero Engines. The new configuration should be available starting in January 2024. 

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At its virtual Capital Market Day, MTU Aero Engines AG provided an initial outlook for 2022 and presented its mid-term growth plans. All business areas at MTU should post organic growth again in 2022. The company expects the clearest recovery from the effects of the coronavirus crisis to be in the commercial maintenance business. Moreover, in the mid-term MTU assumes an upturn in all business areas. “The parameters for a sustained recovery in aviation are intact,” said Reiner Winkler, CEO of MTU Aero Engines AG. “MTU is well-positioned to return to its growth track in 2022, secure an above-average share of the recovery in the sector and therefore exceed the 2019 level by 2024.” Chief Financial Officer Peter Kameritsch gave more details: “We are forecasting revenue of between €5.2 and €5.4 billion in 2022 and steady revenue growth up to 2024. Adjusted EBIT should increase in the mid twenty-percent range in 2022 and adjusted net income should develop in line with adjusted EBIT. By 2024, adjusted EBIT should be above the pre-crisis level. We anticipate that by then the cash conversion rate will be in the high double-digit percentage range.”
 

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MTU Maintenance, global leader in customized solutions for aero engines, launches engine fleet management with CORTEX with customer LATAM Airlines. MTU’s new engine fleet management service combines the MRO specialist’s technical expertise with data, for example from engine trend monitoring, shop workscoping history and market understanding, with algorithms and artificial intelligence.

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The aviation industry is continuing to recover and will meet again at the upcoming Dubai Airshow, where MTU Aero Engines will be presenting its future technologies for sustainable aviation under the motto “driven by visions of tomorrow” at booth number 1040 from 14th to 18th November.

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MTU Aero Engines AG (MTU) has purchased a 20 percent share of MTU Maintenance Lease Services B.V. (MLS) from Sumitomo Corporation, making the company from Amsterdam a 100 percent subsidiary of MTU.

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MTU Power, leading provider of reliable, flexible and cost-efficient maintenance solutions to operators of GE LM series turbines, and new customer Petrobras have signed a five year service agreement for the maintenance, repair and overhaul of the company’s 36 LM6000PC turbines. The contract is valued at 160 million US dollars.

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Munich, November 2, 2021 – MTU Aero Engines has entered into an innovation partnership with the European Union Aviation Safety Agency (EASA). Together, the partners are investigating the potential ways forward for future certification of a flying fuel cell (FFC).

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Munich, October 29, 2021 – In the first nine months of 2021, MTU Aero Engines AG generated stable revenue and earnings. Revenue was €3,008 million, compared with €2,957 million in the first nine months of 2020. The operating profit was €307 million; in the prior-year period it was €311 million. The adjusted EBIT margin was 10.2% (1-9/2020: 10.5%). Net income was almost unchanged year-on-year at €220 million (1-9/2020: €219 million).

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MTU Maintenance, the global market leader in customized solutions for aero engines, and Mammoth Freighters LLC recently signed a cooperation and support agreement designating MTU Maintenance as the preferred partner for all engine maintenance needs for Mammoth Freighters’ B777 P2F conversion program.

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MTU Maintenance, global market leader in customized solutions for aero engines, aims to become the number one on-site and near wing engine service provider in Europe with its new dedicated facility in the region of Berlin Brandenburg.

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