Latest Press Releases

Latest Press Releases 2020

As the industry moves toward emission-free aviation, MTU Aero Engines welcomes the ZEROe concepts from European aircraft manufacturer Airbus. “Hydrogen is a highly attractive future option for us as an engine producer as well,” says MTU Chief Operating Officer Lars Wagner. “It should be used as a fuel right away,” he adds.

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Emission-free flight is a central goal of civil aviation. Emission-free air transport could be achieved in the long term by converting hydrogen into electricity. This would enable the environment-friendly electrification of propulsion systems. The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) and MTU Aero Engines are focusing on a fuel cell propulsion system, which they will jointly develop and validate. A Do228 will be used as the flight demonstrator. On 5 August 2020, the partners signed a Memorandum of Understanding (MoU) at the DLR site in Oberpfaffenhofen.

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In the first six months of 2020, MTU Aero Engines AG generated revenue of €2,048.8 million; in the first half of 2019 revenue was €2,243.0 million. Operating profit  was €224.2 million, compared with €365.2 million in the prior-year period. The EBIT margin was 10.9% in the first six months of 2020 (1-6/2019: 16.3%). Net income  declined from €261.0 million to €161.3 million.

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The Executive Board of MTU Aero Engines AG has published a new forecast for the 2020 fiscal year. “Our new outlook is based on the aircraft manufacturers’ updated production rates and delivery schedules. The forecast also takes into account the latest estimates for the development of the aftermarket business, based on the expected development of air traffic volume,” commented Reiner Winkler, CEO of MTU Aero Engines AG.

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The Supervisory Board of MTU Aero Engines AG has extended the contract for Chief Program Officer Michael Schreyögg for a further five years until the end of June 2026.

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Due to the impact of the coronavirus pandemic on international aviation, MTU Aero Engines AG plans to adjust its personnel capacities. By the end of 2021, the company aims to reduce capacity at its German and international locations by a total of around 10 to 15 percent.

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Emissions-free flight—is it possible? This is the vision that MTU Aero Engines, Germany’s leading engine manufacturer, is striving for. How the company plans to achieve this ambitious goal is laid out in its 2019 Sustainability Report, available at sustainability.mtu.de. The core of this initiative is the Clean Air Engine agenda, a technology roadmap that defines clear product development goals that focus on climate action and reduction of aircraft noise. “The crisis triggered by the coronavirus pandemic reaffirms the importance of responsible and decisive action. We are continuing to pursue the changes necessary to create a more sustainable future, and firmly believe that we can achieve a great deal by doing so,” says MTU CEO Reiner Winkler.

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Klaus Eberhardt (72) will continue to lead the Supervisory Board of MTU Aero Engines AG. This was decided unanimously by the Supervisory Board at its meeting today. Maintaining continuity at the helm of the Supervisory Board is a response to the special challenges presented by the coronavirus crisis.

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MTU Maintenance, the global leader in customized solutions for aero engines, and its valued, long-term customer Aerologic GmbH have renewed their exclusive GE90-110B contract by a further twelve years. The contract encompasses multiple aspects of MTU Maintenance’s PERFORMPlus offering, including engine trend monitoring, fleet management and on-site support as well as spare engine provision. 

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