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Press Archive

Press Archive 2019

EME Aero, Engine Maintenance Europe service center, a 50/50 joint venture between Lufthansa Technik and MTU Aero Engines, has completed the aviation authority certification process and obtained EASA 145 certification as a maintenance organization on 12th December, 2019. Site completion and the official open-ing of the company is planned for spring 2020.

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MTU Maintenance, the global leader in customized solutions for aero engines, celebrates its 40th anniversary and 20,000th shop visit in Hannover, Germany, today. The celebration of the official founding of the wholly-owned MTU subsidiary, MTU Maintenance Hannover GmbH, on November 29, 1979, was attended by local politicians including Stephan Weil, Minister President of Lower Saxony, MTU executives, employees present from the start and current apprentices.

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The FCAS (Future Combat Air System) program takes a major step ahead: Safran Aircraft Engines and MTU Aero Engines settled the details concerning their eye-level partnership to develop the engine of the next-generation European fighter aircraft NGF.

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At its Capital Market Day, MTU Aero Engines AG presented an initial outlook on its expected business development in 2020. In the upcoming financial year, the commercial business sectors – i.e. commercial new engine and spare parts business as well as commercial maintenance business – are predicted to be the main sources of growth. The military engine business is expected to remain stable. For 2020, MTU is anticipating an increase in operating profit in the high single-digit percentage range. The cash conversion rate – that is, the ratio of free cash flow to net income adjusted – is expected to be around 70 percent. In the longer term, MTU sees prospects for growth in all business segments.

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MTU Maintenance, the global leader in customized solutions for aero engines, and Malaysia Airlines Berhad signed an exclusive 10-year contract for the airline’s over 100 CFM56-7B engines today. The contract covers maintenance, repair and overhaul for the engine fleet until phase-out and includes lease engines and LLP management. 

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With the geared turbofan (GTF), Pratt & Whitney and MTU Aero  Engines are building the most eco-efficient propulsion system currently available in the marketplace. MTU not only contributes key turbine and compressor technologies to this highly advanced family of engines, the company is also responsible for final assembly of one third of the PW1100G-JM geared turbofans that power the Airbus A320neo.

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In the first nine months of 2019, MTU Aero Engines generated revenues of € 3,403.7 million, up 3 % on the previous year (1-9/2018 € 3,318.7 million). The group’s operating profit increased by 10 % from € 508.9 million to € 557.7 million. The EBIT margin rose from 15.3 % to 16.4 %. Net income increased by 8 % to € 391.7 million (1-9/2018: € 362.8 million).

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MTU Aero Engines AG and the government of the Republic of Serbia inked a Memorandum of Cooperation (MoC) establishing their close cooperation in the field of training of skilled labor. The aim is to effectively address the specific needs of the aviation industry in the curricula of vocational and trade schools. The move clears the way for an adoption of a training scheme based on the proven dual system of classroom and work-place learning for teaching people the ropes of the aviation industry.

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High-tech at its best: MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After two years of construction, the test center is now operational. This afternoon, Judith Gerlach, Bavarian State Minister for Digital Affairs, and MTU’s Chief Operating Officer (COO) Lars Wagner inaugurated the facility in a ceremony attended by around 100 guests from business, politics and science as well as company employees.

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MTU Aero Engines, Germany’s leading engine manufacturer, has been developing and manufacturing brush seals for many years. Made up from thousands of wires – each just a fraction of a millimeter thick – these seals are a highly effective way of reducing leakage in aircraft engines as well as in steam and industrial gas turbines and other industrial applications. Thanks to their flexibility, they perfectly adapt to the moving surfaces to be sealed. They also stand out for their stable operating behavior and high temperature resistance.

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MTU Maintenance, the global leader in customized solutions for aero engines, announces today that it has opened an office in the heart of the aviation leasing hub Singapore. The new office is located in the Central Business District and its grand opening is being celebrated during the on-going MRO Asia. Luc Morvan has taken on the role of Chief Representative of MTU Maintenance’s activities in Singapore. He will be responsible for building up business in the Asia-Pacific region.

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MTU Aero Engines AG ("MTU" or the "Company") announces that the reference share price in relation to the new convertible bonds (ISIN DE000A2YPE76) (the "New Convertible Bonds") and the partial repurchase of the outstanding convertible bonds due 2023 (ISIN DE000A2AAQB8) (the "Outstanding Convertible Bonds") has been set at EUR 244.1453 (being the average of the daily volume-weighted average prices of the no-par value ordinary registered shares of the Company (the "Ordinary Shares") on XETRA on 11, 12 and 13 September 2019).

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MTU Aero Engines AG ("MTU" or the "Company"), successfully repurchased outstanding senior, unsecured convertible bonds due 2023, ISIN DE000A2AAQB8, (the "Outstanding Convertible Bonds") in connection with the invitation to sell (the "Invitation to Sell") announced on 10 September 2019.

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  • Issue volume of EUR 500 million, 7.5 year maturity
  • 0.05% coupon, 103% issue price, implying a -0.34% yield to maturity and 55% conversion premium
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The executive board of MTU Aero Engines AG (the "Company"), with the approval of the Company's supervisory board, resolved today on the concurrent launch of the following transactions

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MTU Maintenance Zhuhai announces that it now has the capability to maintain CFM International[1] LEAP engines. The General Support License Agreement (GSLA) signed between China Southern, MTU Maintenance Zhuhai’s 50/50 joint venture partner alongside MTU Aero Engines, and CFM International will enable the facility to maintain, repair and overhaul LEAP-1A and -1B engines.

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Following a recommendation made by the Working Committee for Equity Indices, Deutsche Börse today decided to admit MTU Aero Engines AG to the DAX, Germany’s primary stock index, effective September 23, 2019.

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Airfoil Services Sdn Bhd (ASSB), a 50/50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG, has broken ground on its facility extension. This expansion grows facility space by 5,200 square meters and will increase current repair capacity from 650,000 to 900,000 parts per year by 2020. This development underlines the shareholders’ commitment to increasing its footprint and investing in Malaysia.

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MTU Maintenance, the global leader in customized solutions for aero engines, and long-term partner Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., recently signed a seven-year extension of their CF6-80C2 contract. The contract builds on over 15 years collaboration between the two companies and includes maintenance, repair and overhaul coverage of over 200 engines powering Atlas Air’s B747 and B767 fleets, as well as engine trend monitoring. It incorporates numerous elements of MTU Maintenance’s SAVEPlus offering, one of the MTUPlus intelligent solutions and a product dedicated to reducing cost through smart strategies for mature engines

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At half-year, MTU Aero Engines AG has raised its forecast for 2019. The company is now projecting an adjusted EBIT margin in the region of 16 %. The original forecast had been 15.5 % (2018: 14.7 %). “The increase in the earnings outlook mainly reflects two factors: One is that our MTU Maintenance Zhuhai site in China developed somewhat more positively than anticipated. In addition, changes in the product mix also had a positive effect,” said Reiner Winkler, CEO of MTU Aero Engines AG. Net income adjusted is expected to increase in line with EBIT adjusted (EBIT adjusted, 2018: € 671.4 million, net income adjusted, 2018: € 479.1 million). The cash conversion rate – that is, the ratio of free cash flow to net income adjusted – is expected to lie between 65 and 70 % in 2019. MTU’s previous forecast specified a target range between 55 and 65 % (2018: 42 %).
 

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MTU Maintenance, the global leader in customized solutions for aero engines, and valued, long-term partner JetBlue Airways signed an exclusive 13-year contract for the airline’s V2500 pre-select fleet today. The contract covers maintenance, repair and overhaul for the engines from 2020 to 2033. This contract takes MTU Maintenance’s total contract wins to 4.5 billion U.S. Dollars for the first seven months of 2019.

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MTU Aero Engines, Germany’s leading engine manufacturer, is facing up to its responsibility by acting sustainably. As far as sustainability is concerned, what plans has MTU set out for itself as a company and for its products? What has the company already accomplished on its way to attaining its goals? All these facts and figures are released in the 2018 Sustainability Report. Under sustainability.mtu.de/report2018/en/ the company accounts of its activities in the area of sustainability and corporate responsibility, a report drawn up according to international standards (Global Reporting Initiative and the principles of the UN Global Compact). 

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This year's aviation industry gathering in Paris ends with an order intake of more than 1.3 billion US Dollars (about 1.2 billion euros; according to list price) for MTU Aero Engines. The orders for Germany's leading engine manufacturer mainly result from orders and memorandums of understanding (MoU) for the geared turbofan (GTF) engines of the PW1000G family for short- and medium-range aircraft. They account for around 95 percent of the volume during the Paris Air Show. There was also a commitment for the GEnx long-range engine, in which MTU also has a stake.

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MTU Maintenance Canada has taken possession of a brownfield site adding capacity to the Vancouver operations. The building is located next to Boundary Bay airport, in the Vancouver suburb of Delta and was originally designed and operated as a maintenance facility for helicopters and helicopter engines. The facility will immediately provide much-needed additional expansion space of around 60 percent. Following minor modifications by year-end, it also enables MTU Maintenance Canada to consolidate all of its repair activates, currently spread across three locations at Vancouver airport, into one location.

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MTU Aero Engines AG, a leading engine manufacturer and one of the world’s largest engine maintenance providers, has chosen the municipality of Nova Pazova, about 25 kilometers north of Belgrade International Airport as the location for its new repair facility. The company will establish a parts repair shop with a capacity of approximately 400,000 annual repair hours. This is in addition to the 1.9 million repair hours MTU currently performs per year at existing facilities. The new site will be run by MTU Maintenance Serbia d.o.o., a 100 percent MTU subsidiary to be founded soon, and is expected to be operational over the course of 2022.

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„Answering tomorrow‘s challenges“: Never before has MTU Aero Engines had such good answers ready as today to tackle the challenges the aviation industry will be facing down the road. “We’re conscious of our responsibility for sustainable, emissions-free flying. That’s why we’re already investing today in pioneering technologies for the aviation of tomorrow,” explains MTU’s COO Lars Wagner. At this year’s Paris Air Show the company will present truly pioneering ideas and concepts: innovative evolutionary technologies for the next engine generation and also revolutionary technologies for the year 2050 and after.

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Hybrid, safe and practically noiseless: These are the attributes of an innovative small aircraft, dubbed Silent Air Taxi, e.SAT GmbH, a company based in Aachen, Germany, plans to bring to the market. The new air taxi, which is capable of carrying five passengers, was presented to the public for the first time last week. Today, the project has reached the next milestone: On the first day of this year’s International Paris Air Show, e.SAT GmbH and MTU Aero Engines signed a letter of intent (LoI). The parties agreed that Germany’s leading engine manufacturer will take a stake in the development and production of the unique hybrid-electric powertrain for the new aircraft and acquire shares in the recently founded company in the amount of ten million euros.

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MTU Maintenance, the world's leading provider of customized services for aero engines, inaugurated a new logistics center at its Ludwigsfelde site today. The shop is as well the competence center for industrial gas turbines. Dr. Dietmar Woidke, Prime Minister of Brandenburg, attended the ceremony alongside numerous guests of honor from politics and industry. Above all, he paid tribute to the company's commitment to securing the future of the aviation industry in Germany.

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“Answering tomorrow’s challenges” is more than just a trade fair motto for MTU Aero Engines. These words reflect the company’s commitment to finding solutions to tackle the challenges the aviation industry will be facing down the road. At this year’s Interna-tional Paris Air Show (June 17 to 23), Germany’s leading engine manufacturer will present truly pioneering ideas and concepts. The company’s objectives are to make military propulsion sys-tems even more powerful and to improve the fuel consumption and environmental compatibility of commercial engines. MTU not only wants to enhance the next generation of commercial en-gines, but has set its sights also on the time after 2050.

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MTU Maintenance, the global leader in customized solutions for aero engines, has signed an exclusive four-year CFM56-5B contract with GoAir, a low-fare carrier based in Mumbai, India. The contract covers the maintenance, repair and overhaul as well as spare engine support and on-site services for the CFM56-5B engines powering the airline’s 17 A320 aircraft.  

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Ten years ago, the first 200 employees at MTU Aero Engines Polska started producing their first engine components. Today, the site in the Polish Aviation Valley near Rzeszów has about 900 employees – and is indispensable in the production network of Germany's leading engine manufacturer. On May 16, a ceremony was held with employees and representatives from local politics and businesses to celebrate this milestone.

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MTU Aero Engines AG and the Government of the Republic of Serbia signed a Memorandum of Understanding (MoU) with regard to the company’s intention to set up a new industrial site in Serbia today. The Serbian government strongly supports this new venture, which will most likely be located in the Belgrade region. Due to ongoing negotiations, a decision regarding a specific location has not yet been made. MTU, a leading engine manufacturer and one of the world’s largest engine maintenance providers, plans to expand its current network with a dedicated parts repair facility. After a carefully considered selection process including sites across Europe, MTU decided in favour of Serbia as the home of this growth project.

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In the first quarter of 2019, MTU Aero Engines AG saw its revenues increase by 11 % from € 1,016.4 million to € 1,131.2 million. The group’s operating profit grew by 7 % to € 187.6 million (1-3/2018: € 175.1 million), resulting in an adjusted EBIT margin of 16.6 % (1-3/2018: 17.2 %). Net income  increased in line with EBIT adjusted, rising by 8 % from € 123.3 million to € 133.5 million.
 

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Worker on a PW2000

MTU Maintenance, the global leader in customized solutions for aero engines, remains committed to its PW2000 engine MRO program for at least another 10 years. In recent months, the company has won contracts valued at more than 700 million U.S. dollars through its excellent, cost-effective solutions. 

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GE90 Onsite-Maintenance

MTU Maintenance, the global leader in customized solutions for aero engines, has signed a twelve-year GE90-115B maintenance contract with United Airlines. The fly-by-hour contract covers the maintenance, repair and overhaul of 49 engines powering the airline’s B777-300ER fleet and includes MTU proprietary repairs as well as engine trend monitoring. 

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VALUEPlus MTUPlus Program

MTU Maintenance, the global market leader in customized service solutions for aero engines, launches its redefined services portfolio MTUPlus Intelligent Solutions at the MRO Americas in Atlanta, Georgia. The portfolio has been conceived to fulfil the exact and specific needs of operators, who increasingly require tailor-made solutions across the lifecycle in order to control and optimize cost, as well as those of asset owners and lessors, for whom residual value and cost of ownership is key.  The portfolio has been divided into four highly tailored solutions, PERFORMPlus, SAVEPlus, VALUEPlus, MOVEPlus, and a services cluster SERVICEPlus for single and ad-hoc requests. 

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MTU Maintenance once again broke records in 2018. The MRO division of MTU Aero Engines AG secured around 4.4 billion US dollars in MRO contract wins, surpassing the 4 billion mark for the first time in its history. Over 300 contracts were signed in 2018, of which 46 were with new engine MRO customers.
 

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The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to € 2.85 per share for the financial year 2018. This proposal, which represents an increase of 55 euro cents, or 24 %, compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on April 11, 2019.

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MTU Aero Engines AG once again set new records in the financial year 2018. Revenues increased by 17 % from € 3,897.4 million in 2017 to a new high of € 4,567.1 million. The group’s operating profit reached a new record level of € 671.4 million, similarly beating the previous year’s result by 17 % (2017: € 572.5 million). Net income also surpassed the previous record of € 404.9 million, set in 2017, growing by 18 % to € 479.1 million.

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In the presence of the French and German Ministers of Defense, respectively Florence Parly and Ursula von der Leyen, Safran Aircraft Engines and MTU Aero Engines today officially announced their partnership to jointly lead the development, the production and the after-sales support activities of the new engine that will power the next-generation combat aircraft, as part of the Franco-German Future Combat Air System (FCAS). The aircraft will enter into service by 2040 to complement the current generation of Eurofighter and Rafale fighter aircraft.

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MTU Aero Engines' technology is in each and every geared turbofan (GTF) engine produced for the Airbus A320neo. Its Polish subsidiary, MTU Aero Engines Polska, started to assemble the first low-pressure turbine for the geared turbofan model PW1100G-JM about three and a half years ago. At the end of the year 2018, the MTU site in Poland completed the 1000th module and delivered it to Pratt & Whitney. For MTU, this marks another milestone in the production ramp-up of this game-changing engine program at its site in Rzeszów.
 

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Press Archive 2018

Munich / Hannover, December 13th, 2018 – On 1st January 2019, Martin Friis-Petersen (45) will take on the role of Senior Vice President MRO Programs at MTU Aero Engines, heading up the sales and marketing organization for MTU Maintenance. He takes over from Leo Koppers (60), who is retiring after 16 years with MTU.

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Munich, November 30, 2018 – At its Capital Market Day, MTU Aero Engines AG presented its outlook for the group’s short- and long-term growth. The commercial series production and spare parts revenues are expected to be the main sources of growth in 2019. In a turnaround from previous years, the military engine business is predicted to take off again. MTU expects its adjusted EBIT margin to remain stable. In the short and long term, the prospects for growth in all business units are better than originally assumed. Net income is forecast to rise steadily between now and 2025, accompanied by further improvements in free cash flow.

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Hannover, November 28, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, and new customer Serene Air have signed a long-term contract. The agreement covers the maintenance, repair and overhaul of the Pakistani operator’s CFM56-7 engines, powering its Boeing 737-800 fleet. Further, the agreement includes on-site support and spare engine leasing. The contract also includes the option to expand the scope in the future to include additional engines from Serene Air’s fleet. 

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Munich, November 16, 2018 – For the seventh time around, MTU Aero Engines has honored suppliers for their outstanding performance. On the occasion of this year’s Supplier Day, which was held in Munich in early November, the MTU Supplier Awards were presented to six companies in five categories. MTU’s Chief Operating Officer Lars Wagner explained: “With this award, which is a substantial part of our supplier management, we want to honor excellent achievements of our suppliers.”

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Zhuhai, November 7, 2018 – MTU Maintenance Zhuhai signed a number of agreements at the Zhuhai Airshow in China this morning. The first was a five-year agreement with longstanding customer Hainan Airlines for V2500 MRO services. Hainan Airlines and MTU Maintenance Zhuhai have worked together on CFM56 engines for well over ten years and are now expanding their cooperation to include the V2500 engines powering the airline’s A320 fleet.

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Hannover, November 6, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, has signed a CFM56-7 engine MRO contract with new customer Regent Airways. The seven-year contract covers the maintenance repair and overhaul of the engines powering the airline’s six Boeing 737 aircraft, as well as spare engine leasing and reliable on-site support. 

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Zhuhai, November 6, 2018 – MTU Aero Engines AG and China Southern Airlines have extended their joint venture contract for its joint engine MRO facility, MTU Maintenance Zhuhai, by 20 years to 2051.

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Munich, October 25, 2018 – In the first nine months of 2018, MTU Aero Engines generated revenues of € 3,318.7 million, up 14% on the previous year (1-9/2017: € 2,900.8 million). The group’s operating profit increased by 16% from € 439.9 million to € 508.9 million. The EBIT margin stood at 15.3%
(1-9/2017: 15.2%). Earnings after tax rose by 16% to € 362.8 million (1-9/2017: € 312.8 million).

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Munich, October 24, 2018 – MTU Aero Engines AG’s Supervisory Board has extended the contract of CEO Reiner Winkler (57) by five years until September 30, 2024. The decision was made by a unanimous vote at the Supervisory Board’s meeting on October 24, 2018.

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Amsterdam, October 16, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, launches Technical Asset Management Services (TAMS) for asset owners. This range of services covers comprehensive technical consulting and fleet management, transitions management and housekeeping support for aircraft engines. 

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  • EME Aero is a 50/50 joint venture between the two global players and will offer MRO services for the Geared Turbofan (GTF) engine family
  • A total investment of 150 million euros by 2020 will make the new facility one of the world’s most modern MRO shops
  • Operations are scheduled to start by the end of 2019; growing workforce expected to reach 1,000 employees by 2026
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Seoul, September 28, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, signed a five-year V2500 contract with Asiana Airlines today. The contract covers the maintenance, repair and overhaul of 40 percent and engine trend monitoring for all of Asiana Airline and its subsidiaries’ V2500 fleet. The deal is worth around 245 million euros. 

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Zhuhai, August 27, 2018 – MTU Maintenance, the global leader in customized solutions for aero engines, has signed a contract with Jazeera Airways. The three-year contract covers the maintenance repair and overhaul of the CFM56-5B engines that power the airline’s fleet of A320 aircraft. Jazeera Airways is MTU  Maintenance’s first airline customer in Kuwait and continues the MRO provider’s successful trajectory in the Middle East market.

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Vancouver, August 14th -- MTU Maintenance Canada, a North American affiliate of German engine manufacturer MTU Aero Engines, celebrated its 20th anniversary this weekend with customers, partners, and employees. The event included a ceremony at the facility as well as a trip to local Abbotsford Airshow.

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• French facility goes operational in Bordeaux

• Approval of a facility in Albacete (Spain) is scheduled for April 2019

Munich, August 1, 2018 – Late last week, MTU Turbomeca Rolls-Royce ITP GmbH (known as MTRI), jointly with its partners MTU Aero Engines, Safran Helicopter Engines, Rolls-Royce and ITP Aero, approved AIA Bordeaux (Atelier Industriel de L’Aéronautique de Bordeaux) as the first MTR390-Enhanced MRO shop. At the facility in France, all variants of the MTR390 family of engines, which power the Tiger combat helicopter, will be maintained in the future, especially so the propulsion systems operated by the French Armed Forces. As of now, the first helicopters powered by MTR390-E engines, too, can be repaired and overhauled on site. Back in January this year, MTRI already awarded AIA Bordeaux the certificate as an approved shop for Line Replaceable Units (LRUs). The facility overhauls these LRUs on site for all participating nations. Approval of yet another MTR390 MRO shop, based in Spain’s Albacete, is scheduled for April 2019. In both instances, MTU takes care of the project management.

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Munich, July 26, 2018 – MTU Aero Engines generated revenues of € 2,148.6 million in the first six months of 2018, up 9 % on the previous year (1-6/17: € 1,977.0 million). The group’s operating profit increased by 13 % from € 296.3 million to € 334.6 million, resulting in an EBIT margin increase from 15.0 % to 15.6 %. Earnings after tax also increased by 13 % to € 237.0 million (1-6/17: € 210.1 million).

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• The total investment for the new building is 11.5 million euros
• Continuous growth of the location calls for extension by 6,500 square meters

Ludwigsfelde, July 20, 2018 - MTU Maintenance, one of the world’s leading provider of MRO services for commercial aircraft engines and industrial gas turbines, has laid the foundation stone for a new logistics center at its Ludwigsfelde location today. The total investment for the new building with a workspace of 6,500 square meters is 11.5 million euros. The additional floor space is needed to cater to the location’s continued growth. Between 2016 and 2018, the number of operating hours has risen 30 percent and is expected to increase further in the two-digit percentage range in the years to come, the reasons being higher workloads and the addition of new engine models to the company’s portfolio. Plans are to have the logistics center up and running in June 2019.

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Munich, Farnborough, July 20, 2018 – This year’s Farnborough International Airshow proved a major success for MTU Aero Engines. Germany’s leading engine manufacturer secured orders worth around 800 million euros (according to list price), in particular with orders and memorandums of understanding (MoUs) for the PW1000G- geared turbofan (GTF) engine family for single-aisle aircraft.

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Vancouver, July 12th -- MTU Maintenance Canada celebrated the redelivery of the first V2500 engine for customer IAE International Aero Engines AG (“IAE”) in Vancouver at the end of June. The engine falls under the contract between IAE and MTU last year that sees MTU Maintenance Canada serving V2500 aftermarket customers. The V2500 is the engine that powers the A320ceo family.

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• One of the most eco-efficient engines worldwide: the PW1100G-JM geared turbofan powering the A320neo
• Conceptual idea for Next European Fighter Engine (NEFE) presented in an interactive exhibit

Munich, July 3, 2018 – MTU Aero Engines is not at a loss for solutions to meet tomorrow’s challenges: At this year’s Farnborough Airshow in the United Kingdom, Germany’s leading engine manufacturer will be showcasing the PW1100G-JM geared turbofan powering the A320neo, one of the world’s most eco-efficient engines. At this key industry event, which will take place from July 16 to July 22, the company will moreover present its idea of what the engine for a next-generation European fighter jet could be like. MTU’s innovations for commercial and military propulsion system technologies will be on display in Hall 4 at booth No. 41460 and in MTU’s chalet (No. A35).

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Zhuhai, July 2nd, 2018 – On 1st July 2018, Jaap Beijer (40) became the General Manager of MTU Maintenance Zhuhai. The company is a 50/50 joint venture between MTU Aero Engines, Ger-many’s leading aero engine manufacturer, and China Southern Air Holding Company Limited, China’s largest airline group. He joins the MTU subsidiary from his role as Senior Vice President Aftermarket IAE AG, following Frank Bodenhage (49), who will be taking on a new role within the MTU Maintenance organization as a Senior Vice President in Hannover, supporting the expansion of MTU’s global footprint.

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Munich, July 2, 2017 - According to the International Civil Aviation Organization (ICAO), a new record 4.1 billion passengers took to the sky onboard scheduled flights last year, which marked an increase of 7.1 percent compared with 2016. This growth poses new challenges for MTU Aero Engines. Germany’s leading engine manufacturer is making every effort to minimize fuel burn, carbon footprint and noise of aero engines, as detailed in the company’s sustainability report for the year 2017, which has just been released. It is for the sixth time now that MTU has prepared this publication on its sustainability performance. 

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Munich, May 25, 2018 – Markus Wölfle (40) became Director Corporate Communications of Munich-based engine maker MTU Aero Engines AG as of 1 May. In this function he is in charge of the MDAX-listed company’s positioning towards media, public and employees. He reports to Eckhard Zanger, Senior Vice President Corporate Communications & Public Affairs.

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·      New department set up at the Munich location to pool expertise

·      Additive manufacturing technologies are gaining in importance in engine construction

Munich, May 22, 2018 – The breakthrough came with the borescope boss for the geared turbofan engine powering the A320neo; now MTU Aero Engines is stepping up its efforts in the field of additive manufacturing. At the beginning of this year, a separate department, headed up by Dr. Jürgen Kraus, was set up to push this technology forward. “By pulling all activities – from design to technology development and all the way to production – together in one unit, we want to maintain and build our competitive edge,” comments MTU Chief Operating Officer Lars Wagner.

 

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Munich, May 3, 2018 – MTU Aero Engines AG generated revenues of €1,016.4 million in the first quarter of 2018, an increase of 5% compared with the same period of the previous year (1-3/2017: €971.9 million). The group’s operating profit rose by 11% from €157.9 million to €175.1 million, pushing up the EBIT margin from 16.2% to 17.2%. Earnings after tax increased in line with operating profit, growing by 10% from €111.7 million in the first quarter of 2017 to €123.3 million. MTU applied the international financial reporting standard IFRS 15 for the first time in its financial statements for the first quarter of 2018.

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Munich, April 12, 2018 – MTU Aero Engines has the answers to tomorrow’s challenges: At ILA Berlin 2018 Germany’s leading engine manufacturer will present one of the world’s most eco-efficient engines, the PurePower® PW1100G-JM geared turbofan engine powering the A320neo. From April 25 to 29, MTU will showcase technological highlights from all of its business sectors - commercial and military engine technologies and new maintenance procedures - at the key aviation industry trade show in the heart of Europe. MTU’s exhibits are on display at its booth No. 301 in Hall 2, as well as at MTU’s chalet (No. 18/19) next to the runway. The company’s motto for the 2018 air show is: “Answering tomorrow’s challenges.”

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Vancouver, April 11, 2018 – MTU Maintenance Canada and Lockheed Martin have signed two contracts covering the maintenance, repair and overhaul of CF6-50C2 engines as well as accessory repair for the engines.

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• Increase in headcount by 25 percent
• Addition of new, cutting-edge technologies for production
 
Munich / Rzeszów, April 11, 2018 – MTU Aero Engines, Germany’s leading engine manufacturer, is once again adding new production and assembly capacities at its facility in Rzeszów, Poland. Plans are for MTU Aero Engine Polska’s existing floor space to be enlarged by another 11,400 square meters, with groundbreaking for the construction planned in September 2018. The number of employees will increase from nearly 800 today to over 1,000 by 2020, which is tantamount to a 25-percent rise in headcount. The new jobs being created in this region are primarily for activities related to new technologies. The tremendous advancements in the field of additive manufacturing technologies and the steep increase in production rates within the whole MTU Group are behind this move. For instance,  production volumes of components for the latest geared turbofan engines will increase significantly as well as the activities for assembly and production of components and modules for latest widebody propulsion systems powering the 787 Dreamliner and the 777X. The MTU Group’s investment in the site so far amounts to 100 million euro, and it is the plan to invest an additional 80 million euro in the next 5 years (2018-2022). According to plans, the new parts of the facility will be up and running no later than the end of 2019.

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Munich, April 5, 2018 – Brazilian airframer Embraer has delivered the first E-Jet E190-E2 to its launch customer, Norwegian regional carrier Widerøe. The aircraft has technologies made by MTU Aero Engines on board: MTU has a program share of 17 percent in the PW1900G geared turbofan engine, contributing technologies in which it excels – the unique high-speed low-pressure turbine and the forward four stages of the high-pressure compressor. 

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• Construction is scheduled to start in May 2018
• The joint venture of Lufthansa Technik and MTU Aero Engines will start opera-tions in 2020

Hamburg, Munich, March 26, 2018 – Starting in May 2018, one of the most advanced maintenance facilities in the aerospace industry will be erected in Jasionka (province of Subcarpathia) in the south-east of Poland. EME Aero (Engine Maintenance Europe), a joint ven-ture of Lufthansa Technik AG and MTU Aero Engines AG, has officially acquired the building site for the planned maintenance shop in Poland’s Aviation Valley near Rzeszów airport. The two parties to the joint venture will invest a total amount of around 150 million euros in the region by 2020.

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Langenhagen, March 20, 2018 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and their new customer Tunisair Technics have signed a five year maintenance agreement for the airline’s CFM56-5B/-7B engines. The contract covers maintenance, repair and overhaul,  on-site services and spare engine leasing  support. 

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Munich, 19 March, 2018 – MTU Aero Engines AG launches a new brand to improve transparency in services for gas turbine customers. The new brand is called MTU Power and consolidates the existing gas turbine engineering, manufacturing and aftermarket expertise and services from the business units Aero Solutions, Brush Seals and MTU Maintenance at MTU. The overall aim is to harmonize the extensive experience, in-depth knowledge and creative, never-give-up mentality within the company and bring its services even closer to the customer.

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• USD 3.7 billion in contract wins
• Over 1,000 visits performed across locations

Langenhagen, 15th March, 2018 – The year 2017 was one of the most successful yet in the over 36-year MTU Maintenance history. The MRO division of MTU Aero Engines AG secured over 3.7 billion US dollars in contract wins, an impressive 1,5 billion more than in 2016. “There were about 270 contracts signed last year. Of those, 47 were with new customers or existing customers sending new engine types to our MRO facilities,” reports Michael Schreyögg, Chief Program Officer, MTU Aero Engines. “We are delighted by the new and continued trust customers place in us, as engine experts. It is a clear signal from the market that our portfolio of creative and  flexible solutions is exactly what is needed. We are also very proud of the achievements of our international sales team, led by Leo Koppers, Senior Vice President MRO Programs.”

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• MTU has a work share of 18 percent in the CH-53K engine program

Munich, March 1, 2018 – Germany’s leading engine manufacturer and U.S.-based helicopter manufacturer Sikorsky, a Lockheed Martin Company have jointly entered into an agreement for MTU to provide maintenance, repair and overhaul of the engines for the German Air Force with new heavy lift helicopters to replace its aging CH-53G fleet of aircraft.

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Munich, February 27, 2018 – The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to €2.30 per share. This proposal, which represents an increase of 40 euro cents, or 21%, compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on April 11, 2018.

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Munich, February 21, 2018 – MTU Aero Engines AG once again set new records in the financial year 2017. Revenues increased by 6 % from € 4,732.7 million in 2016 to a new high of € 5,036.3 million. Operating profit reached a new record level of € 606.6 million, beating the previous year’s result by 21 % (2016: € 503.0 million). Earnings after tax surpassed the previous record of € 345.4 million, set in 2016, growing by 24 % to € 429.1 million.

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• Contract volume: 22 T408 engines built by GE and valued at 140 million U.S. dollars
• MTU has a program share of 18 percent

Munich, February 12, 2018 – The T408 engine that will power the U.S. Marine Corps’ CH-53K heavy-lift helicopter is now going into production. The contract to build 22 T408-GE-400s and provide logistics and engineering support for the engine, valued at 143,481,258 million U.S. dollars, has been awarded to GE Aviation by the U.S. military, marking a major milestone. MTU Aero Engines, Germany’s leading engine manufacturer, is responsible for the development and production of the power turbine for the T408 engine and has a work share of 18 percent in the engine program. The U.S. Marine Corps expects its first squadron of CH-53K helicopters to reach initial operational capability by 2019.

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Ludwigsfelde, February 1, 2018 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, has started an augmented reality pilot project at its facility in Berlin-Brandenburg. The project goes by the name “Inspection 4.0” and aims to improve knowledge management in the shop.

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• 25 percent of the commercial aircraft fleet in Asia has MTU technology on board

Munich, January 25, 2018 – The Singapore Airshow is a biennial event that brings together the who’s who in the aerospace industry. It attracts more than 1,000 exhibitors from around 50 countries and draws almost 50,000 visitors from all over the world to the Changi Exhibi-tion Center in the Southeast Asian city-state. The trend for Asia as an aviation market is set to continue, the region being one of fastest-growing in the world. MTU Aero Engines, Germany’s leading engine manufacturer and the world’s largest independent provider of commercial en-gine maintenance services, will be exhibiting at this key industry event. At booth J65, the company will be showcasing its portfolio of solutions for the entire life cycle of commercial and military engines and emerging technology innovations.

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Press Archive 2017

• ICD rig begins test operations at DLR in Cologne
• New technologies for next-generation geared turbofan engines

Munich, December 19, 2017 – Making good things even better - under the European Clean Sky 2 research program, long-term partners MTU Aero Engines, German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt (DLR)), and GKN Aerospace Engine Systems, Sweden have joined forces to enhance an engine’s compression system and make it lighter. The new technologies could already go into the next generation of geared turbofan engines. At the DLR site in Cologne, the test campaign on the ICD rig has now officially kicked off.

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• Low-pressure turbines and high-pressure compressors to be further enhanced
• Partnership with DLR and GKN Aerospace

Munich, December 14, 2017 – As the geared turbofans (GTFs) of the first generation are busy clocking up mileage in revenue service, MTU Aero Engines engineers already have their hands full working on the second generation: Under the European Union’s Clean Sky 2 research project, Germany’s leading engine manufacturer continues to enhance the fuel-efficient, low-emission, low-noise propulsion system, developing new technologies for two of its modules, the low-pressure turbine and high-pressure compressor. Two demonstrators are being built to validate the new technologies.

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Munich, December 12, 2017 – At its Investor and Analyst Day 2017, MTU Aero Engines AG provided a concrete outlook for the period to 2025. 2017 marks the end of the company’s most substantial investment phase, from which it emerged with an increased adjusted EBIT margin. In 2018, MTU will move into a consolidation phase during which the company expects a continuing rise in earnings and substantially higher free cash flows. Between now and 2025, the company aims to boost its average cash conversion rate into the high double digits through the combined effect of a moderate increase in working capital and a decrease in the cash flow from investing activities. The cash conversion rate measures the proportion of net income converted into free cash flow.

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• The JV company will be based in Poland
• Capacity to be over 400 shop visits of geared turbofan engines per year

Munich, December 5, 2017 – Lufthansa Technik and MTU Aero Engines have set up a joint venture for the maintenance, repair and overhaul (MRO) of geared turbofan engines, with each of the partners holding a stake of 50 percent in the new company. The name of the new JV is Engine Maintenance Europe, or EME Aero for short. The contract, which followed up on an agreement on the general principles of the cooperation signed in February 2017, was finalized by the two companies on December 4.

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• Expanding MTU Maintenance’s global footprint for the V2500-A5
• Strengthening its number one position in the V2500 market

Vancouver, December 4, 2017 – MTU Maintenance Canada has introduced V2500-A5 maintenance, repair and overhaul capabilities and is fully certified by the Transport Canada Civil Aviation Authority. The introduction of the engine line that serves the world’s A320 fleet is the result of an agreement between Pratt & Whitney, IAE and MTU Aero Engines. It enables MTU Maintenance Canada to serve the IAE aftermarket network for the life of the V2500 program. The first engine is already at the facility for overhaul. 

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Munich, October 26, 2017 – In the first nine months of 2017, MTU Aero Engines AG saw its revenues increase by 10% to €3,745.4 million (1-9/2016: €3,401.3 million). The group’s operating profit increased by 14% from €393.8 million to €450.6 million, improving the EBIT margin from 11.6% to 12.0%. Earnings after tax rose by 17% to €320.4 million (1-9/2016: €273.4 million).

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Munich, October 24, 2017 – MTU Aero Engines’ Executive Board will be reorganized, with the number of members increasing from three to four. This has been decided by the company’s Supervisory Board at its meeting on October 24. Effective January 1, 2018, Peter Kameritsch (48) has been appointed Chief Financial Officer and Chief Information Officer for a term of three years. Lars Wagner (42) will become the new Chief Operating Officer, also for a term of three years. Dr. Rainer Martens (56), who currently holds the position of Chief Operating Officer, will resign from his office by year’s end at his own request.

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• Germany carries out full maintenance concept based on civil aviation standards

Munich, October 10, 2017 – Over the next five years, MTU Aero Engines, Germany’s leading engine manufacturer, will maintain TP400-D6 engines from the Airbus A400M military transport aircraft for the German Armed Forces. The framework agreement is between the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) and MTU.

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Amsterdam, August 31, 2017 – On September 1, Alistair Dibisceglia takes over the role of Vice President and Head of Global Leasing at MTU Maintenance Lease Services B.V in Amsterdam. In this role, Dibisceglia is responsible for commercial and technical activities. He is looking to build on MTU Maintenance Lease Services’ offerings for lessors and lessees, as well as expand its technical asset management services in line with the company’s strategy.

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Munich, July 28, 2017 – MTU Aero Engines AG generated revenues of €2,548.0 million in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2 million). The group’s operating profit increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1 million to €227.5 million.

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Ludwigsfelde, July 19, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and their new customer Air Burkina have signed an exclusive three-year maintenance agreement. The contract for the airline’s four CF34-8E engines from their E170 aircraft covers maintenance, repair and overhaul, on-site services and guaranteed spare engine leasing availability.

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Ludwigsfelde, July 6th, 2017 – MTU Maintenance, the world’s largest independent provider of maintenance services for LM series industrial gas turbines, has extended its exclusive contract with Sahacogen (Chonburi) Public Company Limited for the maintenance, repair and overhaul of its three LM6000PC gas turbines. The long-term service agreement is valued at over 35 million US dollars and runs until the end of 2023. It is the second extension the parties have signed in thirteen years.

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Munich, July 4, 2017 – From fiscal year 2017 on, large companies are required to publish social and environmental performance reports. A new law to that effect had been adopted by the German parliament in spring. Germany’s leading engine manufacturer started to disclose such information long before the law was passed. Since 2011, it has released annual sustain-ability reports outlining in detail how responsibly and sustainably the MTU Group goes about its business. Now MTU is publishing its 2016 Sustainability Report, the fifth of its kind. It combines the reports to the UN Global Compact and to the Global Reporting Initiative (GRI G.4) standards and is the first to cover the activities of all of the MTU Group’s fully consolidated companies. 

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Ludwigsfelde, July 3, 2016 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, has completed its 1,000th CF34 engine repair and overhaul shop visit. The engine belongs to BA CityFlyer, who have been a customer of MTU Maintenance since 2010. The engine was returned to the airline, whose headquarters are in Manchester, as part of a celebratory ceremony with employees at MTU Maintenance Berlin-Brandenburg on Friday. 

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Vancouver, June 28, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and Mexican ultra-low-cost airline Volaris have signed an exclusive five-year contract for the management of the carrier’s V2500 engine accessories. The agree-ment covers accessory repair and coordination during engine shop visits on a fixed-price basis. Services will be performed at MTU’s Maintenance accessory repair center of excellence in Brit-ish Columbia, Canada. This new agreement builds on the outstanding business relationship that the two companies have shared since 2013.

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Munich, June 9, 2017 – MTU Aero Engines, Germany’s technology leader in aircraft propulsion systems, has revamped the concept for its exhibition booth at this year’s Paris Air Show. On the “Path of Excellence”, the company introduces visitors to the innovative high-tech products and services it is offering to support commercial and military engines throughout their entire life cycle.

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Vancouver, May 16, 2017 – MTU Maintenance Canada has recently installed and implemented a new test cell for high-flow pneumatic starter testing capabilities. The addition of this capability expands the existing engine, accessories, and Line Replaceable Unit (LRU) portfolio of MTU Maintenance, the largest independent provider of engine services worldwide, and provides customers with more integrated services, faster turnaround times, better logistics, and cost-efficiency.

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Munich, April 28, 2017 – MTU Aero Engines AG saw its revenues increase by 15% to €1,261.3 million in the first quarter of 2017 (1-3/2016: €1,097.9 million). The group’s operating profit improved by 20% from €131.3 million to €157.0 million, pushing the EBIT margin up from 12.0% to 12.4%. Earnings after tax rose in line with operating profit, increasing by 21% to €111.0 million (1-3/2016: €91.5 million).

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Hannover, Munich, Germany, April 26, 2017 – In 2016, MTU Maintenance, the maintenance, repair and overhaul (MRO) arm of MTU Aero Engines, strengthened its position as the world’s largest independent provider of engine services. Overall, the company signed independent deals with a contract volume of 2.2 billion US Dollars with the program families CF34, CFM56, and LM industrial gas turbines (IGTs) enjoying particular success. “Over 250 new contracts were signed in 2016 and 26 new customers joined the company’s engine and IGT MRO customer lists,” explains Michael Schreyögg, Chief Program Officer at MTU Aero Engines. “Underlining our customers'  trust in MTU Maintenance’s technology, market and engineering expertise. Additionally, the company receives shop visit volume from contracts signed with MTU Aero Engines and partners through the OEM network that is not counted here.

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Vancouver, April 6, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and MRO provider Barfield Inc. have extended their exclusive line replaceable units (LRUs) contract for the V2500 engine by a further five years. The agreement covers complete V2500 LRU Management, on a fixed price basis. The work will be performed at MTU’s Maintenance Shop in Richmond, Canada.

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Kuala Lumpur, Malaysia, April 4, 2017 -  On April 1, Wim van Beers became the new managing director of Airfoil Services Sdn. Bhd. (ASSB), a 50:50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG. Van Beers joins ASSB from MTU Maintenance, where he spent the past three and a half years as Vice President Marketing and Sales Asia. He follows Derrick Siebert who returns to Lufthansa Technik after 4 years of service at ASSB.

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Munich, March 14, 2017 – The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to €1.90 per share. This proposal, which represents an increase of 20 euro cents or 12% compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on May 4, 2017.

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Munich, February 23, 2017 – MTU Aero Engines AG once again set new records in the financial year 2016. Revenues increased by 7% to a new high of €4,732.7 million (2015: €4,435.3 million). Operating profit reached €503.0 million, beating the previous year’s record by 14% (2015: €440.3 million). Earnings after tax surpassed the previous record of €306.9 million, set in 2015, growing by 13% to €345.4 million.

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Berlin, February 21, 2017 – Lufthansa Technik and MTU Aero Engines are planning to set up a joint venture company for the maintenance, repair and overhaul (MRO) of geared turbofan (GTF) engines, with each of the partners holding a 50-percent stake. An agreement to this effect was signed by the two companies in Berlin on February 20, after the feasibility of such a joint venture had been examined over the past few months. Subject to different approvals (e.g. by the relevant antitrust authorities) both parties act on the assumption of the joint venture foundation within the second half of 2017.

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Hannover, January 26, 2017 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and their new customer BH Air have signed an exclusive maintenance contract for the airline’s V2500-A5 engines. The agreement covers maintenance, repair and overhaul, on-site services and spare leasing support for their 6 V2500-A5 engines.

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Press Archive 2016

Munich / Rzeszów, December 14, 2016 – At its Investor and Analyst Day 2016, MTU Aero Engines AG detailed its outlook for the period to 2025. The company’s largest-ever investment phase will come to an end in 2017 with sustained profitable growth. In the consolidation phase from 2018 onward, adjusted EBIT is expected to grow faster than revenues, with net income increasing in line with adjusted EBIT.

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Ludwigsfelde (Germany), November 28, 2016 – MTU Maintenance, the world’s largest independent provider for aero engine solutions, and Spanish airline Air Europa have signed an exclusive seven year contract for the maintenance, repair and overhaul (MRO) of the airline’s CF34-10E engines. The contract between MTU Maintenance and Majorca-based Air Europa includes shop visits, on-site services and lease support as part of a customized solution tailored specifically to the airlines’ needs. The contract is valued at approximately USD 120 million and covers the 24 engines, including spares, used on the airline’s 11 E195 aircraft.

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Kuala Lumpur, November 14, 2016 – Airfoil Service Sdn. Bhd. (ASSB), a 50:50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG, has reached the quarter of a century milestone. Created in November 1991, the company looks back on an impressive record of high-tech achievements and commitment to the local industry and region. ASSB was initially a joint venture between MTU Maintenance (part of MTU Aero Engines) and Malaysian airlines. In 2003, MTU Aero Engines and Lufthansa Technik teamed up and each took on a 50% stake in the company. Over the last 13 years of MTU and LHT collaboration, around 350 local jobs have been created. Furthermore, ASSB has invested USD 22 million in state of the art technology, machinery and improving the working environment for employees. These milestones and more were celebrated on Friday by staff and joint venture partners.

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Munich, November 7, 2016 – With effect from the beginning of November, Gerhard Bähr has been appointed Director of MTU Aero Engines AG’s Erding engine maintenance facility. Over the past eight years, Bähr held the position of Director with responsibility for the TP400-D6 and Tyne – the military engines powering the A400M and Transall airlifters, respectively - at MTU’s headquarters in Munich. He succeeds Josef Arlt, who has decided to leave the company.

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Zhuhai, November 4th, 2016 – MTU Maintenance Zhuhai, a 50/50 joint venture between Ger-many’s leading engine manufacturer MTU Aero Engines and China Southern Air Holding Compa-ny,  has completed its 2,000th engine shop visit, a V2500-A5 owned by China Southern Airlines. The achievement will be celebrated in a small ceremony with representatives from both joint partners as well as employees.

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Munich, October 27, 2016 – After 107 running hours, 500 test cycles and 30 starts on MTU Aero Engines’ development test stand, this much was clear: The SAGE 4 Clean Sky engine demonstrator has provided proof of the technological readiness of the project. MTU’s experts are extremely pleased with the result: “We’ve tested numerous new technologies, and many of them have been shown to be mature. Some of the hardware has reached the point of being ready to fly,” summarizes Dr. Jörg Henne, Senior Vice President Engineering and Technology at MTU. The sophisticated test program was developed and conducted at MTU.

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Munich, October 25, 2016 – In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3 million (1-9/2015: €3,257.0 million). The group’s operating profit increased by 18% to €393.8 million (1-9/2015: €333.1 million), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4 million (1-9/2015: €231.4 million).

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• Partners working on innovative solutions for next-generation propulsion systems

Munich, October 21, 2016 – With the PurePower® PW1000G geared turbofan (GTF) engine, Pratt & Whitney and MTU Aero Engines are building the engine for the future. The new technology cuts fuel burn and CO2 emissions by 16 percent and reduces noise footprint levels by 75 percent. But this is not where the research effort ends: Just recently, the LeiLa (Leiser Luftfahrtantrieb: quiet aircraft propulsion) project was successfully completed. The big players in the industry joined forces with partners from research and academe to develop innovative solutions already set to be incorporated into the next generation of engines – including the second-generation geared turbofan. The work was pursued under the LuFo Aeronautics Research Program funded by the German Federal Ministry of Economic Affairs and Energy, which has been supporting technology projects geared at reducing engine noise for years.

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Munich, October 20, 2016 – MTU Aero Engines has accomplished one of the most significant milestones in its corporate history: The company has delivered the first Pratt & Whitney PurePower® PW1100G-JM Geared Turbofan™ engine assembled on its own final assembly line to Airbus. Today, the new assembly line for the A320neo engine at the MTU headquarters in Munich was officially inaugurated by Ilse Aigner, Bavarian State Minister of Economic Affairs and Media, Energy and Technology. Klaus Roewe, Head of the A320 Family Programme, Airbus Group, the MTU executive board members Reiner Winkler, CEO and Dr. Rainer Martens, Chief Operating Officer as well as guests of politics, industry and science attended the ceremony. This marks the completion of the last pivotal stage in the ramp-up of the cutting-edge propulsion program at MTU Aero Engines.

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Ludwigsfelde, October18, 2016 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, and their new customer Kenya Airways have concluded negotiations on the contract for the maintenance of the CF34-10E engines used on the airline’s Embraer 190 aircraft. MTU Maintenance has been chosen by Kenya Airways as one of its two contractors for the maintenance, repair and overhaul of the CF34-10E6 engines for a period of five years.

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Munich, September 29, 2016 – With the PurePower® Geared Turbofan™ engine (GTF), MTU Aero Engines is collaborating with Pratt & Whitney on assembling the aircraft engine of the future. The Pratt & Whitney GTF engine family reduces fuel burn and CO2 emissions by 16 percent and cuts noise footprint levels by 75 percent. MTU not only contributes innovative turbine and compressor technology to the GTF, it also brings some fresh ideas to the table on the production technology front: The company has refined a production method – dubbed precise electro-chemical machining (PECM) – for manufacturing high-pressure compressor (HPC) integrally bladed rotors (IBRs) made of nickel. Production is already underway on MTU’s shop floors in Munich on four custom PECM machines designed, set up and commissioned by MTU’s PECM experts.

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• Maintenance package for LM industrial gas turbines
• Contract worth over 100 million U.S. dollars

Ludwigsfelde, September 28, 2016 – MTU Maintenance, one of the world’s largest providers of maintenance services for commercial engines and industrial gas turbines (IGTs), has extended its exclusive contract with Thai electricity producer Rojana Power for its LM-series IGTs. The ten-year service agreement is valued at upwards of 100 million U.S. Dollars. According to the contract, MTU Maintenance will be responsible for the maintenance, repair and overhaul (MRO) of nine IGTs: five LM6000-PC and soon-to-be four LM6000-PD IGTs. The service agreement will cover both scheduled and unscheduled maintenance events, and provide on-site services.

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Ludwigsfelde (Germany), September 26, 2016 – MTU Maintenance, the world’s largest independent provider for aero engine solutions, has signed an exclusive 10-year agreement with Canadian carrier Sky Regional Airlines for the maintenance, repair and overhaul (MRO) of the airline’s CF34-8E engines for its Embraer E175 fleet.

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Vancouver, Canada, September 22, 2016 -  At the beginning of September, Helmut Neuper took over the role of president and CEO of MTU Maintenance Canada. He joins MTU in Cana-da after nearly three years as chief operating officer of Airfoil Services Sdn. Bhd., a joint ven-ture between MTU Maintenance and Lufthansa Technik. Neuper follows interim CEO Matthias Voss.

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Hamburg, Munich, September 20, 2016 – Lufthansa Technik and MTU Aero Engines are looking into options to jointly provide maintenance, repair and overhaul (MRO) services for the PW1000G family of geared turbofan engines. The two companies have signed a memorandum of understanding to explore the possibility of establishing an MRO joint venture at a globally competitive location. First decisions will be made by the end of the year.

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Hannover, September 6, 2016 – MTU Maintenance, one of the world’s leading providers of services for commercial aero engines, has extended its existing cooperation with the LATAM Airlines Group (LATAM) by five years to 2024. The contract covers the maintenance, repair and overhaul of V2500 engines and is a tribute to the long-standing cooperation between the two companies.

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Munich, July 29, 2016 – As an innovative company with a rich history, MTU Aero Engines AG has set itself the goal of creating long-term value for its stakeholders. The development of aircraft engines that reduce fuel consumption, emissions such as CO2, and noise impact are top of the company’s agenda. The new geared turbofan engine, which represents the core of MTU’s Clean Air Engine agenda, is an excellent example of the company’s strong commitment to product responsibility. Through its Clean Air Engine agenda, MTU is responding to pressing global challenges such as climate change, mobility needs and scarcity of resources. The company plans to reduce the noise levels by 65 percent and to cut CO2 emis-sions by 40 percent by 2050. MTU’s fourth Sustainability Report, issued for the year 2015, reports according to both the UN Global Compact and Global Reporting Initiative (G4) standards and covers the activities of all MTU company locations in Europe.

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Munich, July 26, 2016 – MTU Aero Engines AG generated revenues of €2,299.2 million in the first six months of 2016, an increase of 4% (1-6/15: €2,202.0 million). The group’s operating profit improved by 19% to €254.1 million (1-6/15: €212.8 million), raising the EBIT margin for the six-month period from 9.7% to 11.1%. Earnings after tax increased by 20% to €176.1 million (1-6/15: €147.2 million), in line with operating profit.

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Munich, July 14, 2016 – This year’s Farnborough International Airshow was a big success for MTU Aero Engines: Germany’s leading engine manufacturer racked up orders worth around one billion euros (approx. 1,1 billion U.S. dollars), with the PW1000G family of geared turbofan (GTF) engines doing particularly well.

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Hannover, May 10th, 2016 – MTU Maintenance, one of the world’s leading providers of maintenance services for commercial aero engines, has won a new airline customer in Asia: Garuda Indonesia will send its CF34-8C5 engines to MTU Maintenance for repair according to an exclusive five-year agreement. The contract covers 30 to 40 shop visits and services also include the provision of lease engines.

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Munich, Amsterdam (The Netherlands), 3 June, 2016 – MTU Maintenance Lease Services B.V., a subsidiary of German aircraft engine manufacturer MTU Aero Engines, is enhancing its existing services through a cooperation with Brazilian aircraft manufacturer Embraer Aviation International SAS. A new service was created and foresees the provision of spare lease engines and lease engine support services to Embraer’s E-jet operators in Europe, the Middle East and Africa. According to the agreement, MTU Maintenance Lease Services will act as Embraer’s recognized supplier of CF34-10E lease engines and lease support services.

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Munich, May 23rd, 2016 – True to its motto “Innovation @ MTU”, Germany’s leading engine manufacturer will be showcasing the major trends in innovative technologies and sustainability at this year’s ILA Berlin Air Show. It will focus on products and services that span the entire lifecycle of commercial and military aircraft engines. With its innovations, MTU is committed to providing its customers with all the support they need to operate their aircraft economically and eco-efficiently. All of the Munich-based high-tech company’s innovative exhibits are on display in Hall 2, on the 250-square-meter booth No. 301.

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Munich, April 28, 2016—In the first quarter of 2016, MTU Aero Engines AG generated revenues of €1,097.9 million (1-3/15: €1,099.5 million). The group’s operating profit1 was up 34% to €131.3 million (1-3/15: €97.7 million). The EBIT margin was 12.0%, or 3.1 percentage points higher than for the same period in the previous year. Earnings after tax2 increased in line with operating profit by 34% to €91.5 million (1-3/15: €68.2 million).

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Ludwigsfelde, April 26, 2016 – MTU Maintenance, one of the world’s leading providers of maintenance services for commercial engines and industrial gas turbines (IGTs), has extended its contract with Norwegian oil and gas company Statoil for its  General Electric LM industrial gas turbines. The seven-year agreement valued at more than 200 million U.S. dollars. Under the deal, MTU Maintenance will be responsible for the maintenance, repair and overhaul (MRO) for parts of the largest commercial LM IGT fleet in the world,  which is operated offshore on Statoil’s oil platforms.

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Hannover (Germany), April 7, 2016 – MTU Maintenance, one of the world’s leading engine maintenance providers, has signed an exclusive 5-year contract with the Mexican low cost carrier VivaAerobus for the maintenance, repair and overhaul of the airline’s seven leased V2500-A5-powered aircraft.

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Munich, April 6, 2016 – MTU Maintenance Zhuhai is a 50/50 joint venture between Germany’s leading engine manufacturer MTU Aero Engines and China Southern Air Holding Company. A jewel among the shops operated by MTU Maintenance, the company was founded on April 6, 2001, obtained regulatory approval from the authorities a year later and ever since it opened shop has seen consistent expansion of its business. Today, MTU Maintenance Zhuhai celebrated its 15th anniversary with a small ceremony attended by the staff.

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• More than 250 contracts and 45 new customers
• Portfolio expansion: more engine types and new services

Hannover, Munich, Germany, March 14, 2016 – In the fiscal year of 2015, MTU Maintenance, the maintenance, repair and overhaul (MRO) arm of MTU Aero Engines, strengthened its position as one of the world’s leading MRO providers. All in all, the company signed more than 250 new contracts. Numerous regular customers reaffirmed their confidence in its capabilities by renewing or extending their existing contracts, and a further 45 companies were added to the customer base. In its role as an independent maintenance provider, MTU signed deals last year valued at around 2.1 billion U.S. dollars, a new record that represents an increase of roughly 25 percent over 2014. MTU Maintenance has recorded an impressive 16,000shop visits since entering into business, which are a testimony to its unrivaled MRO expertise.

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Munich, March 8, 2016 – Clean Sky is the largest aviation technology research initiative ever launched by the European Commission. Under the effort, over 600 partners have joined forces to develop new technologies to further improve the environmental compatibility of aviation in the future. MTU Aero Engines, Germany’s leading engine manufacturer, also has a role in the project. “Our work doesn’t stop at developing new technologies for our high-pressure compressor and low-pressure turbine modules, we also qualify new partners for the European aerospace industry,” explains Dr. Rainer Martens, Chief Operating Officer at MTU Aero Engines.

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Munich, March 1, 2016 – The Supervisory Board and the Executive Board of MTU Aero Engines AG will propose a dividend payment of €1.70 per share at the Annual General Meeting on April 14, 2016. This is equivalent to an increase of 25 euro cents or 17% compared with the previous year’s dividend.

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• Orders valued at more than 500 million euros

Munich, February 22, 2016 – This year’s Singapore Airshow proved a major success for MTU Aero Engines: Germany’s leading engine manufacturer secured orders worth over 500 million euros (some 570 million U.S. dollars), scoring high especially with Pure-Power® PW1000G-family geared turbofan (GTF) engines. “In the commercial engine business, the GTF programs for single-aisle aircraft are key to how MTU’s future is de-fined,” commented MTU CEO Reiner Winkler, referring to the order books. “At our headquarters in Munich, preparations are currently going full steam ahead for the final assembly of the A320neo engine. MTU will assemble about one third of all of the engines going into NEO jets. This is a pretty demanding task,” Winkler added.

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Hannover (Germany), February 18th, 2016 – MTU Maintenance, one of the world’s largest commercial engine maintenance providers, has won another customer for the maintenance of the world’s largest commercial aircraft engine, the GE90. The company has signed an exclusive agreement with South American LATAM Airlines Group SA, Latin America’s largest airline.

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Munich, February 16, 2016 – MTU Aero Engines AG closed the financial year 2015 with new records. Revenues reached a new high of €4,435.3 million (2014: €3,913.9 million) while the group’s operating profit1 climbed to €440.3 million (2014: €382.7 million), an increase of 15%. Earnings after tax2 beat the previous all-time record set in 2014, rising by 21% from €253.3 million to €306.9 million.

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Munich, February 12th, 2016 - From February 16 through 21 the global aviation industry’s who’s who will come together again for a major event, to see what chances one of the biggest aviation markets in the world has in store. After all, the Asian market for commercial airliners and the technologies and services for their engines is expected to continue to grow at a fast pace over the next 20 years. According to Airbus and Boeing, 39 percent of the worldwide aircraft deliveries will go to Asia. As in previous years, MTU Aero Engines, Germany’s leading engine manufacturer, will again showcase its products and services at this year’s Singapore Airshow at the Changi Exhibition Center near the airport. As things stand today, MTU Aero Engines has a share of as much as 28 percent of the fleet for airliners in the 20,000-pound-plus thrust class in the Asian market and wants to increase this percentage further.

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• The most highly sophisticated TCF in MTU’s portfolio was built within record time
• MTU also assumed full development responsibility

Munich, February 2, 2016 – The achievement is no mean feat: MTU Aero Engines in Munich has completed the first development turbine center frame (TCF for short) to go into the GE9X engine. “In this engine program, we are not only responsible for the manufacture of the TCF, but also assumed responsibility for its development right from the outset,” explained Dr. Jörg Henne, Senior Vice President Engineering and Technology, on the occasion of the last bolt ceremony held in Munich in late January. “On another positive note, to make the deadline, we have completed the first GE9X TCF within record time,” according to Theodor Pregler, Senior Vice Presi-dent Commercial Programs at MTU in Munich.

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Munich, January 20, 2016 – After 12 months of flight testing, the first A320neo powered by geared turbofan (GTF) engines to enter revenue service was handed over to the customer today. European aircraft manufacturer Airbus delivered the first of the single-aisle jets incorporating the eco-efficient propulsion technology to Lufthansa. The PurePower® PW1100G-JM geared turbofan engine has been developed and built jointly by Pratt & Whitney, MTU Aero Engines and Japanese Aero Engines Corporation (JAEC). Delivery of the aircraft to Germany’s flag carrier marks an historic day for MTU; for with its high-tech engine technology, the company has played a role in bringing next-generation aviation technology to the market.

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Press Archive 2015

Vancouver (Canada), 21st December 2015 – Three years after the opening of the Accessory Repair Center (A.R.C.), MTU Maintenance Canada, is satisfied with the development of its business for accessory repair and Line Replaceable Unit (LRU) management. The company, an affiliate of one of the world’s leading engine maintenance providers, has managed to increase revenues by 48 percent to 40 million US dollars since 2012 and has won a number of new customers. In 2015 alone, MTU Maintenance Canada signed several long-term contracts at a total value of 26 million US dollars.

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Aerospace Embedded Solutions (AES) has won the 3rd Franco-German Economic Prize in the Industrial Cooperation category. This award recognizes the most striking joint economic ventures between French and German companies.

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Munich / London, November 25, 2015 – On the occasion of the company’s annual Investor & Analyst Day, MTU Aero Engines AG has issued a more precise forecast for the next ten years to 2025. The group intends to maintain its growth trajectory and achieve further improvements in profitability. In the medium to long term, adjusted EBIT is expected to increase at a faster rate than revenues, with a corresponding increase in adjusted net income. These projections are based on MTU’s existing business plans, which foresee an investment phase lasting until 2017 followed by a consolidation phase from 2018 onward. They reflect the expected development of revenues in the individual operating segments.

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Hannover (Germany), 24 November 2015 – MTU Maintenance, one of the world’s leading engine maintenance providers, continues to be the exclusive MRO provider for Royal Jordanian’s V2500 engines on its fleet of A320 family of aircraft. As such, the company has signed a Total Engine Care (TEC®) agreement with Jordan’s flag carrier which includes traditional MRO services, options for lease engines as well as MTU’s early detection system MTUPlus Engine Trend Monitoring. The contract covers all 24 of Royal Jordanian’s V2500-A5 engines and will run for five years.Hannover (Germany), 24 November 2015 – MTU Maintenance, one of the world’s leading engine maintenance providers, continues to be the exclusive MRO provider for Royal Jordanian’s V2500 engines on its fleet of A320 family of aircraft. As such, the company has signed a Total Engine Care (TEC®) agreement with Jordan’s flag carrier which includes traditional MRO services, options for lease engines as well as MTU’s early detection system MTUPlus Engine Trend Monitoring. The contract covers all 24 of Royal Jordanian’s V2500-A5 engines and will run for five years.

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Munich, November 11, 2015 - Clean Sky is the most ambitious EU funded aeronautical research program ever launched in Europe: More than 600 partners have joined forces to develop new, greener technologies for tomorrow’s aviation. MTU Aero Engines, Germany’s leading engine manufacturer, is a partner in the program, being responsible for an engine demonstrator that is now running in MTU’s test cell in Munich. The test campaign marks the culmination of MTU’s research activities, and the milestone was celebrated jointly with distinguished representatives from government, business, the Clean Sky Joint Undertaking, and research institutes.

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Munich, November 11, 2015 - The Japanese dream takes to the skies. The Mitsubishi Regional Jet (MRJ) is the first Japanese-made commercial jet in half a century. The date of the MRJ’s first flight marks a red letter day not only for Japan, but also for MTU Aero Engines. The jet is powered by the PW1200G, a member of the PurePower® geared turbofan (GTF) engine family, which Pratt & Whitney has developed with Germany’s leading engine manufacturer.

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Munich, October 26, 2015 – In the first nine months of 2015, MTU Aero Engines AG boosted its revenues by 16% to €3,257.0 million (1-9/2014: €2,811.6 million). The group’s operating profit grew by 23% to €333.1 million (1-9/2014: €270.9 million), while the EBIT margin rose from 9.6% to 10.2%. Net income increased by 30% to €231.4 million (1-9/2014: €178.3 million).

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Munich, October 23, 2015 – MTU Aero Engines will have a stake in the LM6000-PF+ (PF+), the latest version of General Electric’s (GE) LM6000 aeroderivative gas turbine series. Germany’s leading engine manufacturer has taken a 13-percent work share as a risk- and revenue-sharing partner in the development and production of this industrial gas turbine, which is derived from the CF6 aircraft engine. The PF+ offers higher gas turbine output (52-58 megawatts) and combined-cycle efficiency (56 percent) than other products in its class. For MTU, the stake in the program translates into expected revenues of around one billion euros over the entire lifecycle of the program.

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Amsterdam (The Netherlands), 14 October 2015 – MTU Maintenance has launched a new service targeted at engine asset owners seeking to increase their return on investment and to find a smooth exit for their end-of-life engines. MTUPlus Asset Value Maximization offers asset owners with a surplus engine different solutions which either optimize its usage if the asset can still be operated or maximize the material value through the remarketing of its individual parts.

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Hannover (Germany), 23 September 2015 – MTU Maintenance, one of the top five engine MRO service providers worldwide, and AAR, a leading provider of aviation services to the global commercial and defense industries, have signed a contract that secures for MTU the supply of used material for PW2000 engines over the next five years.

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Hannover (Germany), 02 September 2015 – Thanks to their long-term relationship, MTU Maintenance and the Turkish carrier Atlasglobal Airlines, formally known as Atlasjet Airlines, have extended their cooperation regarding the maintenance of Atlasglobal’s V2500 engines.  Over the next five years, MTU Maintenance will continue to provide the airline with exclusive MRO services for this engine type.

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Munich, July 30, 2015 – MTU Aero Engines, Germany’s leading engine manufacturer, has received approval from the Federal Aviation Office (LBA) to maintain the propulsion system powering the A400M military transport aircraft. This makes MTU the first of the partners in Europrop International (EPI), the TP400-D6 consortium, to hold such an unlimited license for the maintenance (in accordance with EASA 145 standards) of the entire propulsion system.

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Munich, July 29, 2015 – MTU Aero Engines AG’s understanding of sustainable business practices is to assume product responsibility along the entire value chain. In its sustainability efforts, Germany’s leading engine manufacturer is pursuing an integrative approach that takes ecological as well as social aspects into account when looking at business performance. The third Sustainability Report issued by the company for the years 2013 and 2014 is the first to combine the reports to the UN Global Compact Communication on Progress and Global Reporting Initiative (G3.1) standards and covers the activities of MTU’s company locations in Europe.

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Munich, July 23, 2015—MTU Aero Engines AG saw its first-half-year revenues rise by 21% to €2,202.0 million in 2015 (1-6/14: €1,815.8 million). The group’s operating profit1 grew by 25% to €212.8 million (1-6/14: €170.7 million), while the EBIT margin increased from 9.4% to 9.7%. Earnings after tax2 climbed 33% to €147.2 million (1-6/14: €111.0 million).

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Munich, 22. July 2015 - MTU Aero Engines AG’s Supervisory Board today unanimously voted to extend the contract with Chief Program Officer Michael Schreyögg. The new, five-year contract will run from July 1, 2016.

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Munich, June 26, 2015 – MTU scores big when it comes to the market for engines in the upper thrust category: Germany’s leading engine manufacturer develops and produces turbine center frames (TCFs for short) for engines powering widebody aircraft. The TCFs for the GP7000 (Airbus A380), the GEnx (Boeing 787 Dreamliner and Boeing 747-8) and the GE9X, the sole engine choice for the Boeing 777X, are being built in Munich.

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Hannover (Germany), 25 June 2015 – MTU Maintenance, one of the top five engine maintenance providers worldwide, has further extended its customer base which now also includes a new operator from the Caribbean. The company has signed an exclusive all-round Total Engine Care (TEC®) agreement on a fly-by-hour (FBH) basis with Aruba Airlines for the maintenance of the operator’s V2500 engines.

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Munich, June 19, 2015 – This year’s International Paris Air Show was a major success for MTU Aero Engines: Germany’s leading engine manufacturer has announced orders valued at more than 800 million euros, with the PW1000G family of geared turbofan engines doing particularly well.

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Munich, June 10, 2015 – ‘Engines for decades’ – that is MTU Aero Engines’ formula for success. The top priority of Germany’s leading engine manufacturer is to offer a comprehensive range of products and services that covers the entire life cycle of commercial and military propulsion systems. The company’s aim is to deliver innovative technologies, superior quality in production, and flexible services that can be tailored to customers’ specific requirements, allowing its customers to focus their full attention on their core business, that is the economic and eco-efficient operation of their aircraft. At the key aviation industry trade show in Paris, the company will showcase a selection of products and services from its innovative commercial and military engine portfolio on a surface area of 300 square meters in Hall 2A, at Booth C254.

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Ludwigsfelde (Germany), 26 May 2015 -  MTU Maintenance Berlin-Brandenburg and the Pratt & Whitney Canada Customer Service Centre Europe (CSC) are celebrating 4,000 repaired Pratt & Whitney Canada engines. The jubilee engine, a PW305A was delivered to Aero-Dienst GmbH & Co. KG, Germany’s second-oldest commercial operator and provider of business aviation services such as maintenance, operations, aircraft sales and aircraft management.

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Munich, April 28, 2015—In the first quarter of 2015, MTU Aero Engines AG increased its revenues by 20% to €1.099,5 billion (1-3/14: €913.0 million). The group’s operating profit  rose by 10% to €97.7 million (1-3/14: €89.0 million). The EBIT margin amounted to 8.9%, compared with 9.7% for the same period in the previous year, and earnings after tax  increased by 22% to €68.2 million (1-3/14: €56.0 million).

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Hannover (Germany), 16 April 2015 – MTU Maintenance is celebrating 15,000 completed engine shop visits since the foundation of the company 35 years ago. The jubilee engine, a
CF34-10E was delivered to Aeroméxico Connect which has been a customer of MTU Maintenance since 2010.

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Munich, March 23, 2015 – MTU Aero Engines’ materials experts and their partners have jointly developed a new class of unique, intermetallic high-temperature materials for highly stressed engine components: Titanium aluminide (TiAl) is the name of the new lightweight material for turbine blades that combines the advantages of metallic and ceramic materials, offering the best of both worlds. The job was done in record time.

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Zhuhai (China), 11 March 2015 – MTU Maintenance is proud to announce that it has signed an exclusive eight-year maintenance agreement with Maldivian. The company, one of the leading engine maintenance providers worldwide, will provide Maldivian with MRO services for its CFM56-5B engines as well as engine lease support through MTU’s newly founded engine lease company MTU Maintenance Lease Services B.V. The engines contracted power Maldivian’s Airbus A320 and A321 aircraft which serve a growing number of destinations within Asia. MTU Maintenance will perform the engine overhaul at its Chinese location in Zhuhai.

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Hannover (Germany), 4 March 2015 – MTU Maintenance, one of the leading maintenance providers for commercial aircraft engines worldwide, can count VECA (Vuelos Economicos de Centro America) Airlines, a start-up carrier from El Salvador, as a new customer for the maintenance of its V2500 engines. Under the exclusive agreement, MTU Maintenance will be responsible for the airline’s engine MRO as well as on-wing services and engine trend monitoring. In addition, MTU Maintenance will support VECA Airlines’ engine line replaceable units (LRU).

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Munich, March 3, 2015 – In view of the company’s record results in the financial year 2014, the Supervisory Board and Executive Board of MTU Aero Engines AG will propose to the Annual General Meeting that the dividend be increased to €1.45 per share. This represents an increase of 10 euro cents or 7.4% compared with the previous year.

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Munich / Rzeszów, February 27, 2015 – MTU Aero Engines Polska keeps growing: Today, the Polish affiliate of MTU Aero Engines, Germany’s leading engine manufacturer, officially opened its new 10,000-square-meter building, which increases the built-up area by 50 percent. The total investment that went into the project amounts to some 40 million euros. The expansion of its location in Rzeszów in the south of Poland is part of MTU’s investment and growth strategy, very much in the same way as the new blisk production shop built in Munich and the new logistics centers set up in Hannover and in Munich. With the move, MTU is laying the foundation for the production and volume ramp-up for the new engine programs. The opening ceremony was attended by around 100 guests from politics, industry and science as well as by more than 500 employees of the company, which is located in the heart of Poland’s Aviation Valley.

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Munich, February 12, 2015 – MTU Aero Engines AG has once again beaten its previous records. In the financial year 2014, revenues grew by 10% to a new all-time high of €3,913.9 million (2013: €3,574.1 million). MTU’s operating profit1 rose from €377.4 million in 2013 to €382.7 million. Earnings after tax2 amounted to €253.3 million (2013: €238.6 million), the highest-ever in the company’s 80-year history.

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Zhuhai (China), 21 January 2015 – MTU Maintenance, one of the leading engine MRO providers worldwide, has signed an exclusive maintenance agreement with the Japanese low-cost carrier Solaseed Air which covers all 24 CFM56-7B and -7BE engines powering the airline’s fleet of 12 Boeing 737-800 aircraft. The contract will run for twelve years and has a value of about 200 million Euros (260 million US dollars ). In addition to engine maintenance, MTU Maintenance will provide Solaseed Air with spare engine and on-site support. The engines will be overhauled at MTU Maintenance’s Asian location in Zhuhai, China. For MTU Maintenance, this is the largest agreement from a Japanese customer since the company entered the Japanese market in 2010.

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Munich, January 20, 2015 – EOS, the global technology and quality leader for high-end Additive Manufacturing (AM) solutions, and MTU Aero Engines, Germany's leading engine manufacturer, are closely cooperating with view to quality assurance for metal engine components using Additive Manufacturing. The two companies have now signed a framework agreement for the joint strategic development of their technology.

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Press Archive 2014

Munich, December 12, 2014 – Dr. Stefan Weingartner (53), Member of the Executive Board of MTU Aero Engines AG and President MTU Maintenance, will leave the company on his own request in order to take on a new professional challenge. Against this background, the Supervisory Board of MTU Aero Engines AG has decided in its meeting today to reduce the Management Board to three Members. The tasks of Weingartner – who will accompany and support the change process – will be transferred to the other Board functions. The responsibility for the locations of MTU Maintenance will be combined in the leadership of Dr. Rainer Martens (53) as Chief Operating Officer. Sales and Marketing of MTU Maintenance will be integrated in the Board function of Programs headed by Michael Schreyoegg (48). The new structure will become effective at the beginning of 2015.

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Munich, November 25, 2014 – At this year’s Investor & Analyst Day, MTU Aero Engines AG presented its business outlook for the next decade to 2024. The group aims to remain on its growth trajectory while at the same time continuing to improve its profitability. It plans to increase its adjusted EBIT margin and its free cash flow in the medium to long term. This goal is based on the expected development of revenues in its operating segments. As of 2018, MTU expects to see substantial growth in revenues from its most profitable activities, namely spare parts sales and maintenance. From this point onward, revenues from the less profitable series production business are likely to increase only slightly, and the military engine business will probably decline.

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Hannover, Munich, November 21, 2014 – MTU Maintenance is celebrating its 35th anniversary in the MRO (maintenance, repair and overhaul) business this fall. The company, which has started out as a small repair shop in Hannover, Germany, has today become one of the leading engine MRO providers worldwide. “MTU Maintenance has come a long way and today holds a special position in the MRO market,” said Dr. Stefan Weingartner, President MTU Maintenance and member of the Executive Board at MTU Aero Engines. “Through an innovative set of customized services and high-tech repairs as well as a global locations network, we offer customers a true alternative. Our success is based on a hybrid business model as we benefit both from our independent approach and our close alliance to the OEMs in engine programs where MTU is a risk and revenue share partner. We strongly believe that this strategy will continue to be successful, especially for future engine models.”

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Munich, November 14, 2014 - MTU Aero Engines has concluded a strategic agreement with U.S. engine manufacturer GE Aviation on the maintenance, repair and overhaul (MRO) of the GEnx turbine center frame (TCF). The contract makes MTU the provider of MRO services for GEnx TCFs within the GE Aviation network. The GEnx powers the Boeing 787 Dreamliner and is the sole engine for the Boeing 747-8. The agreement covers the engine’s entire life cycle and is expected to be worth more than 3 billion euros in sales for Germany’s leading engine manufacturer.

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Munich/Hannover (Germany), 29 October 2014 – MTU Maintenance, one of the leading engine maintenance providers in the world, is celebrating 25 years of engine MRO on IAE’s V2500, the world’s bestselling engine powering the A320 aircraft family. MTU Maintenance’s parent company MTU Aero Engines is part of IAE with a 16 percent share. It has developed and manufactures various parts of the low pressure turbine. “For MTU, the V2500 has been and will continue to be our most important commercial engine program”, said Dr. Stefan Weingartner, President MTU Maintenance and member of the Executive Board at MTU Aero Engines. “Up until today, more than 6,000 V2500s have been delivered to over 200 customers around the world. The success of this engine also drives considerable revenues in our maintenance and spare parts business. We are very proud of our success and are looking forward to continue our fruitful collaboration with IAE in the future.”

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Munich, October 23, 2014 – In the first nine months of 2014, MTU Aero Engines AG’s revenues grew by 6% to €2,811.6 million (1-9/2013: €2,659.6 million). The group generated an operating profit1 of €270.9 million (1-9/2013: €267.8 million) and its EBIT margin came to 9.6% (1-9/2013: 10.1 %). Net income2 increased by 5% to €178.3 million (1-9/2013: €169.1 million).

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Munich, 14th October, 2014 – Today it has been announced that the PurePower® PW800 engines are the power behind the new Gulfstream G500 and G600 business jets. The rollout took place at Gulfstream Aerospace Corp.’s Georgia headquarters. MTU Aero Engines has a 15 percent workshare in Pratt & Whitney Canada’s (P&WC) PurePower PW800 engine program. Germany’s leading engine manufacturer has design responsibility for the engines’ low-pressure turbine and the front high-pressure compressor and is also manufacturing these modules.

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Munich, August 7, 2014 – MTU Aero Engines is moving forward, with a deep sense of respect for humans and nature: Germany’s leading engine manufacturer has submitted its third Communication on Progress in line with the reporting guidelines issued by the UN Global Compact, in which the company provides an update on its activities to ensure the sustainability of its business. In the publication now released, MTU sets out its new climate strategy, which aims to achieve a reduction in carbon dioxide emissions by 40 percent. Earlier this year, MTU moreover introduced a Code of Conduct that requires all of its suppliers worldwide to comply with its policies.

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Munich, July 31, 2014 - Early July marked the official launch of the European Clean Sky 2 Joint Technology Initiative. The new program is substantially broader in scope and more ambitious than Clean Sky, its predecessor. MTU Aero Engines, too, is stepping up its activities under the initiative: Germany’s leading engine manufacturer is one of the 16 lead partners from the aeronautical industry in Europe, working on the further optimization of low-pressure turbines and high-pressure compressors.

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Munich, July 24, 2014 – In the first six months of 2014, MTU Aero Engines AG achieved a revenue growth of 2% to €1,815.8 million (1-6/2013: €1,774.9 million). Operating profit1 remained stable at €170.7 million (1-6/2013: €169.7 million), with an EBIT margin of 9.4% compared with 9.6% in the first half of 2013. Net income2 increased by 4% to €111.0 million (1-6/2013: €106.7 million).

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Munich, July 21, 2014 – For MTU Aero Engines, this year’s Farnborough International Airshow was a big success: Germany’s leading engine manufacturer has announced around 1.3 billion euros in orders, with new business being at the same level as at the last Farnborough Airshow. “This high total order value shows once again that the new programs in which we took stakes hold great prospects for the future,” says MTU CEO Reiner Winkler. 

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Munich, July 10, 2014 - MTU Aero Engines AG will be taking a four-percent workshare in General Electric’s GE9X program. Germany’s leading engine manufacturer will be manufacturing and assuming design responsibility for the engine’s turbine center frame. Taken over the life of the program, the workshare will be worth around four billion euros in revenue for MTU.

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Munich, Germany, June 24, 2014 – The EU technology programme ENOVAL (ENgine mOdule VALidators) can now be reached on the Internet at www.enoval.eu. The website offers comprehensive information on the project, its activities, objectives, technologies and partners and on the impact it has on aviation, environmental protection and the European Union and its citizens.

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Munich, May 28, 2014 – The high-speed low-pressure turbine for Pratt & Whitney’s PurePower® Geared Turbofan™ (GTF) engine to power the A320neo has passed the mandatory stress tests with flying colors. These extremely complex telemetry runs, an official certification requirement for this module made by MTU, are considered one of the biggest challenges in engine testing.

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Berlin, May 21, 2014 – At its press conference on the occasion of the ILA Air Show in Berlin on Wednesday, May 21, MTU Aero Engines gave a rundown of its mix of commercial and military engine programs and maintenance services that put the company in a strong position for the future. As Germany’s leading engine manufacturer said, in a nutshell, tomorrow’s aircraft propulsion systems will have to be quieter, more fuel economic and cleaner; for the engine has a significant impact on fuel and maintenance costs and on noise. The company’s focus is clear: “By 2018, we want to have established a strong position in all engine segments – and this holds true for both the OEM and the MRO businesses,” stresses MTU CEO Reiner Winkler.
 

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Ludwigsfelde (Germany), May 14, 2014 – MTU Maintenance, one of the world’s leading providers of commercial aero engine maintenance, has signed a new contract with the state-owned Venezuelan carrier CONVIASA for engine overhaul and on-wing support services of its General Electric CF34-10 engines including lease engine services. Under the exclusive contract, MTU Maintenance will be responsible for the maintenance of all CF34-10 engines powering CONVIASA’s ERJ-190 fleet.

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Munich, April 29, 2014 – The results reported by MTU Aero Engines AG for the first quarter 2014 are in line with the previous year. Group revenues remained stable at €913.0 million (1-3/13: €906.0 million). MTU’s operating profit1 in the first three months of 2014 amounted to €89.0 million (1-3/13: €88.3 million), resulting in an unchanged EBIT margin of 9.7%. Earnings after tax2 also reached the previous year’s level, and amounted to €56.0 million (1-3/13: €55.5 million).

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Munich, April 4, 2014 – In late March, Germany’s leading engine manufacturer laid the foundation stone for a purpose-built, advanced logistics center on its company premises in Munich. Starting in January 2015, the brand new two-story building with a surface area of 4,400 square meters will concentrate the tasks of 115 employees from incoming goods, customs and foreign trade and receiving inspection. The total investment for the innovative center, including equipment, is some ten million euros.

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Rzeszów, Munich, April 1, 2014 – Five years ago, in April 2009, MTU Aero Engines Polska started production of the first engine components for Germany’s leading engine manufacturer. Today the development of MTU Aero Engines' facility in Rzesów is an unprecedented story of success and growth. The facility started operations with about 200 employees, today MTU Aero Engines Polska has a highly skilled workforce of about 500 people. And due to the expansion plans of the company 250 new jobs are expected to be created in Rzeszów by 2020.

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Munich, March 26, 2014 – This Wednesday, March 26, 2014, Canada’s Prime Minister Stephen Harper paid a visit to MTU Aero Engines in Munich. On his trip, Harper was accompanied by Ed Fast, Minister of International Trade. The guests were welcomed by MTU Chief Executive Officer Reiner Winkler, Chief Operating Officer Dr. Rainer Martens and MTU Maintenance President Dr. Stefan Weingartner. The talks focused on MTU’s business relations with Canada and its investments in the Canadian market. Munich, Germany-based MTU operates a maintenance company in Canada’s Vancouver, British Columbia, which has a workforce of more than 400 employees.

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Munich, March 20, 2014 – It’s a simple concept with a big impact: More than 30 years ago, MTU Aero Engines set out to develop its first brush seal. The innovative components are suitable for use not only in aircraft engines – as, for example, in Pratt & Whitney’s successful family of PurePower® geared turbofans –, but also in steam and gas turbines, pumps and a variety of other mechanical engineering applications. MTU has established itself as a global leader in the field.

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Munich, March 13, 2014 – Additive manufacturing technology is rapidly spreading from one industry sector to the next. In the field of aero engine construction, Munich-based MTU Aero Engines has achieved a breakthrough: As one of the first companies to use the new technique, MTU produced components for production engines this past May. These parts - borescope bosses for the PurePower® PW1100G-JM engine, the Pratt & Whitney engine to power the A320neo – are made by selective laser melting, or SLM.

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Munich, March 11, 2014 – At today’s meeting of the Supervisory Board of MTU Aero Engines AG, its members voted in favor of accepting the Executive Board’s proposal concerning the dividend payment for the financial year 2013. Consequently, at the Annual General Meeting on May 8, 2014, the Executive Board and Supervisory Board will jointly propose a dividend payment of €1.35 per share. “Maintaining the dividend at this high level reflects the continuity of our earnings-oriented dividend policy,” says Klaus Eberhardt, chairman of the Supervisory Board.

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Munich, February 18, 2014 – MTU Aero Engines AG has built on the record year of 2012 with its business figures for 2013: MTU improved its all-time high in revenues to €3,741.7 million (2012: €3,378.6 million), and is thus fully in line with its revenue forecast of around €3.7 billion. Earnings matched the record level of 2012: At €377.3 million, operating profit1 clearly met its target of around €375 million (2012: €375.2 million). The return on sales amounted to 10.1% compared with 11.1% in 2012. At €232.1 million, MTU generated earnings after tax2 of around €235.0 million as planned (2012: €234.0 million).

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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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Press Archive 2012

Zhuhai, China, Munich, November 12, 2012 – In order to meet the growing expectations of the global aviation market, MTU Maintenance Zhuhai, a joint venture between Germany’s leading engine manufacturer MTU Aero Engines and  China Southern Air Holding Company, has extended its main engine repair shop by 5,900 square meters to increase the overall capacity by 50 percent from currently 200 to 300 shop visits per year. “We are very proud of this milestone,” said Dr. Stefan Weingartner, President Commercial Maintenance and member of the board at MTU Aero Engines, at the opening celebration.

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Munich, October 23, 2012 – MTU Aero Engines Holding AG continues to grow: In the first nine months of 2012, the company posted an increase in revenues of 19% to €2,468.0 million (1-9/2011: €2,067.3 million). Operating profit1 rose by 13% from €245.3 million to €278.0 million. The operating margin reached 11.3% after 11.9% in the equivalent period last year, while earnings after tax2 also increased, climbing by 17% to €173.1 million (1-9/2011: €147.7 million).

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Berlin, September 11, 2012 – At its press conference at the ILA Air Show in Berlin on Tuesday, September 11, MTU Aero Engines presented itself as a company geared up for the future, its business activities encompassing a balanced mix of commercial and military engine programs and maintenance, repair and overhaul (MRO) services. The company’s focus is clear: “By the year 2020, we want to achieve our goal of six billion euros in revenues,” emphasized MTU CEO Egon Behle.

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Munich, August 13, 2012 – Never before has Germany’s leading engine manufacturer made such a diversified appearance at a trade fair: At this year’s ILA Berlin Air Show, MTU Aero Engines will showcase its capabilities at eight different places. The company's own booth will feature a selection from its portfolio of products and services. Among the highlights are four complete engines for military and commercial aircraft. “This year, the focus will be on the presentation of our Polish affiliate.

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Munich, July 25, 2012 – MTU Aero Engines Holding AG is making good progress toward its growth targets: by the end of June 2012, the Group had increased its revenues by 16% to €1,559.0 million (1-6/2011: €1,346.5 million). Operating profit1 rose by 7% from €164.4 million to €175.8 million, resulting in an operating profit margin of 11.3% (1-6/2011: 12.2%). Net income2 also registered a significant increase of 11%, rising to €109.7 million (1-6/2011: €98.4 million).

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Hanover, Germany, July 16, 2012 – MTU Maintenance Hannover is proud to announce that it has won another customer, the German express cargo operator AeroLogic, for the maintenance of the GE90. Dr. Stefan Weingartner, President and CEO Commercial Maintenance at MTU Aero Engines, said: “The GE90 is the world’s largest engine, and we are proud to have added the first German carrier to our MRO customer base.”

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Munich, July 12, 2011 – This year’s Farnborough International Airshow on the outskirts of London turned out to be very successful for MTU Aero Engines: Germany’s leading engine manufacturer reports orders worth around 1.3 billion euros. “This marks an all-time high in MTU’s history. In terms of value, it’s the biggest order volume we’ve ever secured at a trade show,” says MTU CEO Egon Behle. “Notably the new geared turbofan engines continue to be very successful in the marketplace.”

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Munich, July 6th, 2012 - Sagem (Safran group) and MTU Aero Engines today announced the signature of an agreement to form a 50/50 joint venture, AES Aerospace Embedded Solutions GmbH  to provide safety-critical software and hardware for military and civil aviation applications. The agreement was signed by Philippe Petitcolin, Chairman and CEO of Sagem (Safran group), and Egon Behle, CEO of MTU Aero Engines, in a ceremony also attended by Jean-Paul Herteman, Chairman and CEO of the Safran group.

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Munich, June 29, 2012 – Germany’s leading engine manufacturer is strengthening its role in the International Aero Engines (IAE) consortium, laying the foundation for future revenue and earnings growth. MTU Aero Engines, for its part, has increased its overall stake in the IAE V2500 engine program by five percentage points, effective June 29, 2012 , via a separate risk revenue sharing agreement with Pratt & Whitney.

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Vancouver, June 22, 2012 – After a significant increase of its accessory repair business over the past years, MTU Maintenance Canada, a  North American affiliate of MTU Aero Engines  has opened a new Accessory Repair Centre (A.R.C.), allowing the company to offer customers increased accessory repair capabilities and a wider product portfolio. “The new accessory  shop in Vancouver together with the expansion of our services show that MTU Maintenance is increasingly present in the MRO market,” said Dr. Stefan Weingartner, President, Commercial Maintenance at MTU Aero Engines.

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Munich, June 14, 2012 – MTU Aero Engines Holding AG has successfully placed a € 250 million bond on the capital market. It has a five-year term, expiring 2017, and a coupon of 3.0 %. The proceeds of the new issue will be used for general business purposes. “Despite the highly volatile market environment, we were able to take advantage of our good reputation in the capital markets to boost our liquidity at very favorable conditions,” said Reiner Winkler, CFO of MTU Aero Engines Holding AG. “That grants us greater freedom to continue pursuing our strategy of sustainable growth.”

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Munich, Riyadh, June 5, 2012 – Leading Saudi Arabian maintenance company MEPC today inaugurated a new facility in a move to strengthen its position as a provider of military engine maintenance, repair and overhaul (MRO) services for the whole of the Middle East region. MTU Aero Engines’ partner had two good reasons to celebrate: First, a brand-new, state-of-the-art building worth a two digit million amount, which has now been dedicated to its intended use as planned after 18 months of construction; and second, the inauguration marked a big step forward in the company’s expansion plans.

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Munich, May 9, 2012 – Melanie Wolf (39) has been named the new head of Press and Public Relations for MTU Aero Engines Holding AG in Munich, effective June 1, 2012. She succeeds Odilo Mühling, who retires on May 31. In her new position, Wolf is responsible for planning and directing the company’s German and international media relations efforts. In that function, she reports to Eckhard Zanger, Senior Vice President, Corporate Communications and Public Affairs.

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Munich, April 25, 2012 – MTU Aero Engines Holding AG closed the first quarter of 2012 with higher revenues and earnings: revenues grew by 5 % to € 698.0 million (Q1/2011: € 664.8 million), while EBIT1 improved by 14 %, from € 80.5 million to € 91.4 million. The operating margin thus rose by one percentage point to 13.1 %, while net income2 climbed by 20 % to € 56.9 million (Q1/2011: € 47.5 million).

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Zhuhai, China, April 19, 2012 -  Frank Bodenhage (43) has been appointed President and CEO of MTU Maintenance Zhuhai, effective May 1, 2012. He takes over his new role at the helm of the joint venture of MTU Aero Engines and China Southern Airlines from Holger Sindemann, who will become the new Managing Director and Senior Vice President of MTU Maintenance Hannover, based in Langenhagen, Germany.

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Hannover, March 22, 2012 – Langenhagen-based MTU Maintenance Hannover will have a new man at the helm: Holger Sindemann (43) has been appointed its Managing Director & Senior Vice President, effective May 1. Sindemann takes over from Dr. Martin Funk (50), who has led the largest of MTU Maintenance’s companies for almost three years and will now be pursuing new challenges.

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Munich, February 23, 2012 – MTU Aero Engines Holding AG fully achieved its forecast for the financial year 2011, as the company announced during the presentation of its provisional financial statements at the annual results press conference on Thursday, February 23, 2012. Revenues were at the upper end of the expected bandwidth of + 7 to 8 %, increasing by 8 % to reach € 2,932.1 million (2010: € 2,707.4 million).

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Hannover, February 20, 2012 – South Korean carrier Asiana Airlines has selected MTU Maintenance Hannover to provide maintenance, repair and overhaul (MRO) services for its CF6-80C2 engines. “By winning the contract from this major airline, we’ve added the first carrier from South Korea to our MRO customer base,” stated Dr. Stefan Weingartner, President, Commercial Maintenance at MTU Aero Engines. Asia is a booming region with a rapidly growing demand for air transport services.

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Singapore, February 17, 2012 – A major event in Southeast Asia has turned out a great success for MTU Aero Engines: Germany’s leading engine manufacturer will benefit from contracts awarded this week at the Singapore Airshow, which represent business worth some 450 million euros for MTU. The orders are for the following engine types: the PurePower® PW1100G-JM for the new Airbus A320neo, the V2500 for standard Airbus A320 family aircraft, and the GP7000 for the Airbus A380, the world’s biggest jetliner.

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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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Press Archive 2010

Hanover, December 2, 2010 – Reliable service pays off: Brazilian airline TAM Linhas Aéreas S/A has placed a follow-on contract to an agreement it originally concluded with MTU Maintenance Hannover back in 1999. Under this new agreement, the company will provide maintenance services for another 57 V2500 engines powering the carrier's A320-family aircraft, in addition to the 84 engines covered by the earlier agreement. The exclusive contract runs until mid-2019 and will generate over 500 million Euros (700 million U.S. dollar) in additional revenues.

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Hannover, Germany, November 11, 2010 – MTU Maintenance Hannover is pleased to welcome back a valued former customer: Royal Jordanian Airlines, one of the most prestigious airlines in the Middle East, has awarded the Langenhagen-based company an exclusive contract for the maintenance of 26 V2500 engines from its fleet of A320-family aircraft. The contract will run until March 2014.

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Munich, October 26, 2010 – MTU Aero Engines Holding AG's nine-month results 2010 show the company is well on its way to achieving its targets for the year as a whole. Revenues increased by 2% to € 1,992.3 million after € 1,954.9 in the previous year. MTU boosted its earnings1 by 7% to € 226.1 million (1-9/09: € 210.8 million). At 11.3%, the EBIT margin was up 0.5 percentage points compared with the same period in 2009, while the company's net income improved by 7% to € 99.6 million
(1-9/09: € 93.4 million).

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Munich / Appleton, U.S.A., September 17, 2010 – MTU Aero Engines continues to strengthen its repair activities: In early September, the company's U.S. operation in Appleton, Wisconsin received the FAA's approval as a certified repair station. "With the approval now obtained, we can offer on-wing services for CF34 engines also to customers in the U.S.," says Dr. Stefan Weingartner, President and CEO, Commercial Maintenance. Maintenance services for other engine types shall follow. 

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Munich, July 27, 2010 – MTU Aero Engines Holding AG has posted successful results for the first six months of 2010, with revenues amounting to € 1,348.8 million, compared with first-half-year revenues of € 1,376.0 million in 2009. Operating profit1 has improved by 5% to € 144.1 million (1-6/09: € 137.1 million). At 10.7%, the EBIT margin is 0.7 percentage points higher than the figure for the equivalent period one year earlier. Net income increased by 9% from € 55.7 million in the first six months of 2009 to € 60.6 million. The net income figure reflects the lower financial result attributable to currency translation differences at the reporting date.

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Hannover, Germany, July 26, 2010 – MTU Maintenance Hannover has expanded its repair capabilities by including GE’s GE90-110B and -115B engines in its portfolio. Dr. Stefan Weingartner, President and CEO Commercial Maintenance at MTU Aero Engines, said: "With the addition of these propulsion systems for wide-body aircraft, which are sold successfully across the globe, we are broadening our Hannover-based facility's range of products and services."

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Farnborough, July 22, 2010 – This year's international airshow in Farnborough near London opened with excellent news for the entire aviation industry. A number of profitable deals were announced on the very first trade days of the event in Great Britain. MTU Aero Engines, too, will benefit from numerous orders coming in: The three carriers China Southern Airlines, Yemen Airways (Yemenia) and Vietnam Airlines have selected the V2500 to power their A320-family aircraft, with some of the contracts including long-term aftermarket services agreements.

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Ludwigsfelde, July 12, 2010 – MTU Maintenance Berlin-Brandenburg will have a new President and Chief Executive Officer (CEO) when on October 1, 2010, André Sinanian (41) takes the helm of the Ludwigsfelde-based MRO specialist. He succeeds Dr. Wolfgang Konrad, who will take on new responsibilities outside MTU.

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Munich, June 30, 2010 – What will the engine of the future be like? How can high-pressure compressors be designed to boost efficiencies even further? What promise does the use of intercoolers and recuperators hold? What innovative technologies will the combustor of the future incorporate? And which novel design and production processes does the industry need to be able to build tomorrow's engines?

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Ludwigsfelde, Germany, June 17, 2010 – MTU Maintenance Berlin-Brandenburg has scored another success: British regional airline BA CityFlyer, a wholly-owned subsidiary of British Airways, will send all its 22 CF34-8E and CF34-10E engines powering its fleet of Embraer 170 and 190 jets to the German engine specialists for repair, maintenance and overhaul.

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Berlin, June 9, 2010 – In the current year, MTU Aero Engines expects the market to develop at least at the rate projected at the beginning of this year, in some areas perhaps at an even higher pace. “The passenger and cargo volumes carried by the airlines already markedly exceed initial expectations,” explained MTU CEO Egon Behle at the company’s press conference held today at the 2010 International Aerospace Exhibition and Conferences (ILA) in Berlin.

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Berlin, Germany, June 9, 2010 – Sikorsky Aircraft Corp. and MTU Aero Engines today announced the signing of a Letter of Cooperation to jointly explore aerospace industry cooperation in Germany. It is the second initiative of this kind announced by Sikorsky in its efforts to introduce the MHP148 Cyclone multi-role helicopter into Germany. Sikorsky Aircraft is a subsidiary of United Technologies Corp..

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Munich, May 28, 2010 – MTU Maintenance has been honored with a prestigious distinction: The readers of international Aircraft Technology Engineering & Maintenance (ATE&M) magazine have chosen the company to be the world's Best Engine MRO. The ATE&M Awards are presented annually. What's special about them is that nomination and voting are decided by the publication's readership: entitled to vote are only employees from airlines and suppliers.

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Munich, April 20, 2010 – MTU Aero Engines Holding AG generated revenues of € 640.2 million in the first quarter of 2010 (1-3/09: € 693.1 million). The Group’s operating profit1 amounted to € 68.8 million at the end of March 2010, compared with a first-quarter result of € 75.2 million in 2009. The EBIT margin has remained stable at 10.7 % (1-3/09: 10.8 %). MTU’s net income for the three-month period improved by 5 % from € 31.0 million in 2009 to € 32.6 million in 2010.

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Munich, April 13, 2010 – MTU Aero Engines has accomplished another major milestone on its route to maturing the geared turbofan technology for production use: The first high-speed low-pressure turbine for the engine powering the Bombardier CSeries aircraft has been completed in Munich.

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Atlanta, Georgia (U.S.), March 15, 2010 – In March, MTU Aero Engines officially opened its new sales office in Atlanta, Georgia. During the brief opening ceremony, Dr. Stefan Weingartner, MTU President and CEO, Commercial Maintenance, said there was good reason for establishing a local presence in the region: "We felt it was important to get closer to customers in this, our largest market to further improve on our already outstanding levels of service."

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Munich, March 9, 2010 – New contract win for the Pratt & Whitney PurePower® PW1000G Engine: Republic Airways has signed a purchase agreement with Bombardier Aerospace for 40 CSeries aircraft with options on up to 40 additional aircraft. The twin-engined airliner is exclusively powered by the Pratt & Whitney PurePower PW1000G engine. MTU Aero Engines is a major stakeholder in this innovative, next-generation propulsion system.

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Munich, March 8, 2010 – MTU Aero Engines, Germany's leading engine manufacturer, for the second time in a row has achieved gold status, the highest level in the supplier rating program of Pratt & Whitney's parent United Technologies Corporation (UTC). The official UTC Supplier Gold Award presentation took place in Munich in early March.

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Munich, February 24, 2010 – MTU Aero Engines Holding AG has fully met its business forecasts for the financial year 2009. This was announced at the company’s annual press conference on February 24, 2010. MTU reported revenues of € 2,610.8 million (2008: € 2,724.3 million), in line with the targeted level of around € 2.6 billion. MTU generated an operating profit (EBIT adjusted) of € 292.3 million (2008: € 331.0 million), which is slightly higher than the upwardly revised forecast of approximately € 290 million.

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Munich, February 8, 2010 – For MTU Aero Engines, the 2010 Singapore Airshow proved a profitable event: Just a few days before the event officially opened, Germany's leading engine manufacturer had already benefited from a major V2500 engine order placed with International Aero Engines (IAE); now the engine consortium has announced more contracts it received over the course of the trade show. For MTU, which holds an 11-percent share in IAE, these deals translate into sales worth about 65 million euros.

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Press Archive 2009

Munich, November 27, 2009 – MTU Aero Engines is stepping up its activities in China and will be cooperating with Chinese engine manufacturer AVIC Commercial Aircraft Engine Co. Ltd. (ACAE). In a first step, ACAE and MTU will conduct a joint study to explore options of building a domestic aircraft engine industry in China. The study aims to evaluate what structure a local engine company should adopt to be viable and what technologies will be needed for emerging engines to be successful in the Chinese market.

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Munich, October 26, 2009 – MTU Aero Engines Holding AG generated stable revenues of €1,954.9 in the first nine months of 2009 (1-9/08: €1,982.9 million). The EBIT margin for this period came to 10.8%, based on an operating profit1 of €210.8 million (1-9/2008: €238.9 million). Net income to the end of September 2009 amounted to €93.4 million (1-9/2008: €118.6 million).

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Munich, October 21, 2009 – MTU Aero Engines benefits from a big Dreamliner contract: American Airlines will equip 42 Boeing 787s on firm order with GEnx engines and another 58 aircraft if they exercise the option they have reserved. In all, the complete deal would involve 220 engines. Germany's leading engine manufacturer develops and produces the turbine center frame for this GE engine. For the company the engine deliveries to American Airlines will translate into revenues of 70 million euros, with up to 80 million euros expected to come from the option orders.

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Munich, October 19, 2009 – Munich is accustomed to welcoming guests from all over the world, and it did so once again for one week from October 12 through 17 when about 120 quality experts from around the globe met in the city on the Isar River to discuss quality standards in aviation. The company chosen to organize this 26th Meeting of the International Aerospace Quality Group (IAQG) was MTU Aero Engines, Germany's leading engine manufacturer.

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Munich, Germany, October 5, 2009 – The U.S. Air Force (USAF) has awarded a team that includes MTU Maintenance a nine-year contract to provide Contractor Logistics Support (CLS) for its fleet of KC-10 Extender refueling tanker aircraft. MTU will provide engine depot maintenance, engineering, field service support and engine condition monitoring for the fleet of 204 CF6-50C2 engines flown by the USAF. Over the life of the agreement, MTU expects the deal to generate sales in the amount of more than 300 million euros ($500 million).

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Hannover, September 25, 2009 – Over the past few weeks, MTU Maintenance Hannover has succeeded in winning engine maintenance business worth a total of some 50 million euros. The contract with the biggest single order volume was awarded by Air New Zealand. Dr. Stefan Weingartner, President and CEO, Commercial Maintenance at MTU Aero Engines, commented: "This deal goes to show that you can score successes even amid difficult economic times if your offering is competitive in terms of quality and reliability."

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Hamburg, Germany, September 23, 2009 – For MTU Maintenance Berlin-Brandenburg, the CF34 engine has become an ongoing success story. The company has now renewed a license agreement with GE Aviation, an operating unit of General Electric (GE), for the maintenance, repair and overhaul of the CF34-3, -8 and -10 engine versions long before the contract period expired. The agreement, originally signed in 2002 for a term of ten years, is now set to run until 2022. Over the life of the agreement, MTU expects the deal to generate sales in the amount of more than 500 million euros.

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Munich, July 31, 2009 – MTU Aero Engines will benefit substantially from the contract for the Tranche 3A production order for the Eurofighter/Typhoon, which has now been concluded. Germany's leading engine manufacturer has a 30-percent workshare in the production of the EJ200 engine powering Europe's most powerful fighter aircraft. The first Tranche 3 contract is for 112 aircraft and 241 engines. MTU expects to reap about 250 million euros in revenues from the deal.

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Munich, July 28, 2009 – Where others may resort to virgin parts to replace worn or damaged ones, the specialists at MTU Aero Engines prefer to repair: Using innovative techniques and drawing on decades of expertise in the field, Germany's leading engine manufacturer restores even heavily worn components to as-good-as-new condition.

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Munich, July 23, 2009 – For the first six months of 2009, MTU Aero Engines Holding AG reports a 10% increase in revenues to €1,376.0 million (1-6/08: €1,256.1 million). Excluding the effect of the U.S. dollar exchange rate, revenues have remained almost stable (down 2%). New order intake increased by 17% to €1,304.9 million (1-6/08: €1,119.0 million). Operating profit1 for the six-month period amounted to €137.1 million (1-6/2008: €156.8 million).

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Le Bourget, June 16, 2009 – MTU Aero Engines will take a stake in Saudi Arabia-based Middle East Propulsion Company (MEPC). The deal was announced by Germany's leading engine manufacturer at the Paris Air Show in Le Bourget today. According to MTU CEO Egon Behle, a contract has already been signed: "This is a first important step for us towards building a presence in the Middle East, considering that this is a region of growing importance. With this development in mind, we have decided to acquire a stake in MEPC."

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Le Bourget, June 16, 2009 – MTU Aero Engines will benefit from a big A380 order: At the Paris Air Show in Le Bourget, Etihad Airways announced that it will equip ten Airbus A380s on firm order and another ten on option with GP7000 engines, in which MTU has a stake of 22.5 percent. The firm order covers 44 engines plus spare engines. For Germany's leading engine manufacturer, this translates into sales of around 140 million euros. First aircraft deliveries to the United Arab Emirates' national airline are scheduled for 2013.

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Hannover, June 15, 2009 – MTU Maintenance Hannover has a new president and CEO: Dr. Martin Funk (47) has taken over the reigns from Dr. Uwe Blöcker (52), effective Thursday, June 11. Blöcker had been at the helm of the Langenhagen-based company for more than two years and is now pursuing new challenges outside the MTU Group.

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Munich / Rzeszów, May 20, 2009 – It had been at a record-setting pace that MTU Aero Engines set up its new affiliate in Poland's Rzeszów: the project took a mere nine months from groundbreaking to startup of operations in April this year. Today, MTU Aero Engines Polska was officially inaugurated in a ceremony attended by high-ranking representatives from business, politics and culture. Bishop Kazimierz Górny blessed the new building.

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Munich, May 18, 2009 – MTU Aero Engines will pull out of its production activities in the U.S.: Germany's leading engine manufacturer sells the manufacturing unit of MTU Aero Engines North America (AENA) to U.S.-based EDAC Technologies. The contract was signed late last week. The transaction will not affect MTU's revenue and profit forecast for the year, nor will it have an impact on the engine programs pursued jointly with its partners.

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Langenhagen, Germany, April 27, 2009 – At the moment, MTU Maintenance Hannover has two good reasons to celebrate: In the 30th year of its existence, the company just maintained the 5,000th engine visiting its shop, a CFM56-7 off the wing of a Boeing 737-800 from TUIfly airline's fleet. After repair and overhaul, the engine was now returned to its owner. In a small celebration, it was handed over to Claus Sülflow, TUIfly's Director Technical Services. 

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Munich, April 23, 2009 – MTU Aero Engines Holding AG has reported a 10% improvement in revenues to €693.1 million for the first quarter of 2009 (1-3/08: €630.0 million). Discounting the effect of the U.S. dollar exchange rate, revenues decreased by 2%. Operating profit1 amounted to €75.2 million, compared with €80.0 million in the first three months of 2008. This reduction is mainly attributable to higher research and development expenses, in addition to the impact of the present market situation. The EBIT margin for this three-month period amounted to 10.8%, which slightly exceeds the level expected by MTU for the full year.

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Munich, March 23, 2009 – MTU Aero Engines Holding AG has fully met and even exceeded its forecasts for the financial year 2008. This was announced at the company’s annual results press conference on Monday, March 23, 2009. MTU reported a 6% increase in revenues to €2,724.3 million (2007: €2,575.9 million), thereby exceeding the upwardly revised forecast of €2,650 million that had been published in the course of the year. Without the U.S. dollar exchange rate effect, this increase would have amounted to an even higher 12%.

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Munich, February 23, 2009 - MTU Aero Engines is a long-standing company rich in tradition and promise. Its predecessor companies equipped the first powered airplanes at the beginning of the 20th century. Today, the company is a firmly established player in the engine industry and works on the technologies of tomorrow. This year, Germany's leading engine manufacturer celebrates its 75th anniversary: In 1934, MTU's legal predecessor BMW Flugmotorenbau GmbH was founded. A family day for MTU's employees and other events will be held to mark the 75th anniversary of the company's founding.

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Munich, January 30, 2009 – The European Commission has launched one of Europe's largest technology programs undertaken in an attempt to reduce the ecological impact of aircraft. Under Clean Sky, 86 companies from 16 countries are collectively exploring novel technologies. Their work, funded with 1.6 billion euros, proceeds in six technology domains. Among the participating companies is MTU Aero Engines. Germany's leading engine manufacturer brings its own demonstrator to the table. The contracts have been inked.

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Press Archive 2008

Munich, December 19, 2008 - MTU Aero Engines is taking an approximate 6.6 percent role in General Electric's GEnx engine to power the Boeing 787 Dreamliner, the Boeing 747-8 Intercontinental airliner and the Boeing 747-8 Freighter. Germany's leading engine manufacturer will be manufacturing and assuming design responsibility for the engine's turbine center frame. MTU figures the deal can be worth over 11 billion euros in revenue, taken over the life of the program. About 1,150 engines are already on firm order or option.

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Munich, December 3, 2008 -  MTU Maintenance in November has been awarded nine contracts worth about 500 million euros and came on strong in a hotly contested market. "The deals we made again demonstrate that amid a difficult economic environment, MTU remains competitive and well positioned," commented Egon Behle, CEO of MTU Aero Engines. The agreements signed in part are long-term, up to ten-year arrangements covering V2500, CF6 and PW2000 engines. They mostly come from the United States and Europe.

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Munich, October 23, 2008 – MTU Aero Engines Holding AG has reported successful results for the first nine months of 2008. At September 30, 2008, revenues amounted to €1,982.9 million, 5% higher than at the end of the equivalent period a year earlier (1-9/07: €1,886.8 million). After adjustments for the U.S. dollar exchange rate, revenues increased by 17%. MTU’s earnings continued to improve as well, with adjusted EBITDA1 reaching €295.0 million, which is 5% up on the same period in 2007 (1-9/07: €280.8 million). The EBITDA margin at the end of September came to 14.9%, as in the previous year. Net income has remained stable at €118.6 million (1-9/07: €117.0 million).

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Munich, October 15, 2008 - MTU Aero Engines has just passed another significant milestone when yesterday, in France's Toulouse, an Airbus A340 for the first time took off with a PW1000G Geared TurbofanTM engine demonstrator on its wing. The demonstrator completed the flight, about two hours in duration, without a hitch. Germany's leading engine manufacturer contributes the high-pressure compressor plus a key component, the high-speed low-pressure turbine, to the innovative geared turbofan concept. The engine program is being pursued jointly by Pratt & Whitney and MTU. The new propulsion concept will provide drastic improvements in fuel burn, CO2 emission, engine noise, and maintenance cost.

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Manchester, Great Britain, October 9, 2008 -  MTU Maintenance Berlin-Brandenburg celebrates a new addition to its engine portfolio: the company expands its services as an Authorized GE CF34TM Service Provider to include the CF34-10E engine. Certification covering support for the GE powerplant was awarded by EASA/FAA. Overall, the MRO experts now have the entire in-service CF34 family in their portfolio.

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Ludwigsfelde, Germany, October 8, 2008 – MTU Maintenance Berlin-Brandenburg is broadening its service offerings: in partnership with Lufthansa Bombardier Aviation Services GmbH at Schönefeld, the engine specialists are now offering complete maintenance packages for Bombardier Learjet 60 business aircraft and their PW305A engines. The agreement was signed at Ludwigsfelde.

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Munich, September 26, 2008 – MTU Aero Engines has launched a new cost-reduction initiative intended to save 50 million euros annually, the bulk of it already in 2010. This follows from an announcement MTU CEO Egon Behle made at today's Analyst and Investor Day the company held in Munich. Behle reaffirmed the company's 2008 forecast and expects MTU to remain on its profitable growth track even in a troubled market environment.

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Munich, July 22, 2008 – MTU Aero Engines Holding AG has once again improved its earnings in the half year up to the end of June 2008, reporting EBITDA1 of €194.5 million. This represents an increase of 8% compared with the equivalent period in 2007 (1-6/07: €181.0 million). The company has improved its EBITDA margin by 1.1 percentage points to 15.5%. Net income for the six-month period rose by 79% to €80.4 million (1-6/07: €45.0 million).

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Munich, July 21, 2008 – For Germany's leading engine manufacturer, the air show in Britain's Farnborough is paying dividends. MTU Aero Engines CEO Egon Behle was pleased to announce orders worth around 500 million euros. "The volume of these orders underscores the continuing high demand of airlines worldwide for advanced fuel-thrifty aircraft," he said. 

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Farnborough, July 15, 2008 – MTU Aero Engines has set another first: Germany's leading engine manufacturer has secured for itself an 18 percent role as a program participant in the GE38 helicopter engine. "For the first time, MTU acts as a development participant in a U.S. military engine program," declares MTU CEO Egon Behle. In previous U.S. military engine programs, MTU has been involved in manufacturing roles only. Under the GE38 deal, the German engine builder will be responsible mainly for the power turbine module and moreover have the license for maintenance, final assembly and testing as well as MRO for the GE38 models used in European heavy lift helicopters.

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Zhuhai, China, July 9, 2008 -  Effective July 1, 2008, Holger Sindemann (40) has taken the position of President and CEO of MTU Maintenance Zhuhai, a joint venture of MTU Aero Engines and China Southern Airlines. In this role, he succeeds Walter Strakosch, who will take over as Senior Vice President Business Development MRO at MTU. Sindemann has been serving as MTU Aero Engines' Senior Vice President Corporate Development since the beginning of 2006.

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Munich, June 26, 2008 – More power and less emissions: General Electric (GE) has uprated its LM6000 gas turbine and unveiled two derivative models — the LM6000-PG with single annular combustor and the LM6000-PH with a dry low emissions combustor. MTU Aero Engines, Germany's leading engine manufacturer, is a risk-and-revenue sharing partner of GE with 13 percent share of the LM6000 program and the new derivative models. "Including spare part sales, that adds up to sales of 1.2 billion euros through the life of the contract," explains Dr. Anton Binder, senior vice president, commercial programs at MTU.

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Berlin, May 27, 2008 – MTU Aero Engines has secured a 15 percent stake each in the new PW810 and the Geared TurbofanTM engine for the Mitsubishi Regional Jet. MTU CEO Egon Behle announced the deal in Berlin on Tuesday, May 27, the first day of the ILA International Aerospace Exhibition. Both engines are predicted to come with a substantial market potential. "We expect sales over the whole program life valued at up to about five billion euros to MTU for either model," Behle said at a joint press briefing with Pratt & Whitney. The contracts have already been signed. 

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Munich, April 24, 2008 – MTU Aero Engines Holding AG improved its EBITDA1 by 9% in the first three months of 2008, from €90.6 million in the equivalent period of 2007 to €98.3 million. The EBITDA margin increased by 1.5 percentage points to 15.6%. Revenues of €630.0 million were generated in the first three months of 2008, remaining close to the previous year’s level (1-3/07: €640.6 million). After adjustments for the U.S. dollar exchange rate, revenues increased by 10%.

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Munich, April 21, 2008 – MTU Aero Engines in April recorded an unusually high volume of orders under its V2500 program stake: its share in the 218-engine deals amounts to 185 million U.S. dollars, or about 117 million euros at current rates of exchange. The engines power Airbus A320 jetliners to be delivered primarily to US Airways, Hainan Airlines and British Airways in the years ahead.

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Munich, April, 1, 2008 – This is the second time MTU Aero Engines exhibits at the Aerospace Testing Expo, Europe's largest trade fair for aerospace testing, evaluation and inspection. From April 15 to 17, Germany's leading engine manufacturer will be demonstrating its outstanding capabilities also in the inspection and testing domain. It will display probes, control units and completely instrumented engine models. A touchscreen-actuated multimedia presentation touting MTU's rich line of test products rounds out the company's appearance at the Expo.

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Munich, March 13, 2008 – MTU Aero Engines Holding AG is striving for further profitable growth in 2008. Revenues are expected to remain at the previous year’s level, which corresponds to a growth rate of approximately 6% after adjustments for the effect of the U.S. dollar exchange rate. MTU anticipates that adjusted EBITDA1 in 2008 will remain close to the previous year’s level of €390 million, despite a significant increase in research and development and the effects of the U.S. dollar exchange rate. MTU expects to generate a net income for the year in the region of €180 million, which represents an increase of almost 20%. This forecast was published by MTU on Thursday, March 13, 2008 at its annual results press conference.

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Press Archive 2007

Munich, December 20, 2007 – Debut at MTU Aero Engines: Germany's leading engine manufacturer is the first company worldwide to repair a component by patching, hand it over to the customer and obtain approval for the innovative repair technique. In December, a repaired blisk from a low-pressure turbine of the Eurofighter's EJ200 engine was delivered to the National Quality Assurance Office for aviation equipment.

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Munich, December 14, 2007 - MTU Aero Engines Holding AG's supervisory board in its December 14, 2007, meeting authorised the MTU management, given certain launch conditions for MTU, to  take shares in envisioned engine programs for business and regional aircraft.

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Munich, October 25, 2007 – In the first nine months of 2007, MTU Aero Engines Holding AG further improved its earnings, thus sustaining the positive trend. Adjusted EBITDA1 increased by 22% to €280.8 million (1-9/06: €230.4 million). The company’s EBITDA margin increased to 14.9%, up two percentage points compared with 2006. Underlying net income2 made similarly positive progress, increasing by 17% to €102.5 million (1-9/06: €87.9 million). This figure includes a non-recurring charge for the early redemption premium in connection with the high-yield bond, which was paid in the first half of this year. Excluding this exceptional charge, the improvement would have amounted to 30%.

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Munich, October 18, 2007 – Dr. Stefan Weingartner (46) will become MTU Aero Engines' new President and CEO, Commercial Maintenance, effective November 1, 2007. MTU's Supervisory Board nominated him to the position in a meeting held in the evening of October 18, 2007. Weingartner succeeds Bernd Kessler, who will join Switzerland-based aircraft maintenance, repair and overhaul company SR Technics to become its CEO.

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Zhuhai, China, October 1, 2007 – MTU Maintenance Zhuhai has won its first major European customer: The company has signed a contract with Norwegian Air Shuttle for the maintenance of CFM56-3 engines. The five years contract includes 44 engines powering Boeing 737-300 aircraft operated by the airline and is worth in excess of €90m euros.

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Jakarta, August 29, 2007 – MTU Maintenance has signed a joint operation agreement with the Indonesian maintenance, repair and overhaul (MRO) provider Garuda Maintenance Facilities (GMF) AeroAsia, a 1.25-million-square-meter facility: As a strategic partner, MTU Maintenance will take care of CFM56-3 engine MRO activities for the Indonesian market jointly with GMF AeroAsia. Besides the engines of the 37-aircraft B737 Classic fleet of Garuda Indonesia, also engines of other GMF customers will be maintained. Garuda Indonesia is Indonesia's largest airline and the 100-percent owner of GMF AeroAsia.

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Munich, August 20, 2007 – MTU Aero Engines intends to repurchase about 1 million additional own shares within the next six months. This has been decided by the company’s management board, after MTU had surpassed the level of holding 5 percent of its shares during the last week (as published on August 17, 2007). Since June 2006, the company has repurchased about 2,8 million of its shares.

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Munich, July 25, 2007 – MTU Aero Engines Holding AG achieved 8% growth to the end of June 2007, as expected. Revenues increased from €1,170.0 million (1-6/06) to €1,260.6 million (1-6/07) during this period. The group expects to sustain this same growth rate through to the end of the year. MTU’s earnings improved at an above-average rate: Adjusted EBITDA1 amounted to €181.0 million at June 30, 2007, thus exceeding the equivalent figure for the first 6 months of 2006 (1-6/06: €146.3 million) by 24%. Similarly positive results were reported for adjusted net income2, which increased by 10% from €55.5 million to €61.0 million. And this despite the fact that adjusted net income for the first six months of 2007 includes a non-recurring charge for the early redemption premium in connection with the high-yield bond. Excluding this exceptional charge, the increase would have amounted to 31%.
 

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Munich, July 24, 2007 – Egon W. Behle (51) will become Munich-based MTU Aero Engines Holding AG's new Chief Executive Officer (CEO), effective the beginning of 2008. The Supervisory Board of the MDAX-listed company nominated him to the position of CEO by unanimous vote on Tuesday, July 24. His term of office will run for three years. Behle, who has a degree in aerospace engineering, comes from ZF Lenksysteme GmbH in Schwäbisch Gmünd, where he has served as CEO since 2002. He succeeds Udo Stark (59), who had announced in March that now that he was turning 60, he opted not to renew his contract with MTU, which expires at year's end.

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Munich, July 18, 2007 – 15 percent, 20 percent, 30 percent – in three steps to climate-friendlier air traffic: MTU Aero Engines, in partnership with Bauhaus Luftfahrt, today unveiled an ambitious program designed to reduce the carbon dioxide emissions of aircraft engines. Its Clean Air Engine (Claire) technology project is to lower CO2 emissions by as much as 30 percent by 2035. Dr. Rainer Martens, executive vice president and chief operating officer (COO), at a Munich press briefing announced that by 2025, a 20-percent reduction may well have become a reality.

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Kota Damansara - Reflecting the present boom in the Asian and worldwide aerospace market, Airfoil Services Sdn. Bhd. (ASSB) of Malaysia is expanding its engine parts repair capacity: the joint venture company between MTU Aero Engines and Lufthansa Technik with around 350 employees at present has moved to a new production facility at Kota Damansara near Kuala Lumpur. Over 250 new jobs have been created so far through the expansion and the product portfolio is to be extended further. The new, state-of-the-art production facility was opened on June 28 in the presence of local representatives of industry and government.

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Paris, June 21, 2007 – For Germany's leading engine manufacturer, the air show in France's Le Bourget is paying dividends. MTU CEO Udo Stark was pleased to announce orders worth a total of 400 million euros. "The size of these orders underscores the significance the world's largest air show has for MTU," he said.

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Paris, June 18, 2007 – It bases on an entirely novel technology and is thriftier, appreciably cleaner and quieter than conventional engines: the innovative Geared TurbofanTM engine. It is targeted at the next generation of short- and medium-haul aircraft. Developing and equipping it with the latest technologies are MTU Aero Engines and Pratt & Whitney. The engine demonstrator bases on the PW6000, the engine powering the narrowbody Airbus A318 transport. MTU contributes to the project its high-pressure compressor plus an innovative high-speed low-pressure turbine.

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Paris, June 18, 2007 – While other repair people, when faced with a defective part, may be quick to reach for replacement parts, MTU's maintenance experts hesitate; they'd rather repair. Owing to its innovative processes and decades of experience, the world's largest independent provider of commercial engine maintenance services succeeds in repairing also heavily worn parts, components and accessories. MTU's high-tech repair approaches are globally unique, mostly patented and known under the trademark MTUPlus Repairs. "They go easy on our customers' pocketbooks and spare natural resources. Customer benefit and cost-effectiveness remain our top priorities," explains Bernd Kessler, MTU Aero Engines President and CEO Commercial Maintenance.

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Munich, May 29, 2007 – MTU Aero Engines is going to build a new foreign location in Rzeszów, in the southeast of Poland. This has been decided by the board of management of Germany's leading engine manufacturer today. The new site is intended to develop, manufacture and repair engine components. MTU will invest about 50 million euros in the new company within the next three years, which will be named MTU Aero Engines Polska. Starting in 2011, the cost advantages of the new facility will add some 15 million euros annually to the group's earnings. The decision still needs approval by the MTU supervisory board.

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Langenhagen, Germany – Off we go: On Wednesday, May 16, the foundation stone was laid at MTU Maintenance Hannover in Langenhagen for a new test cell. Lower Saxony's minister president Christian Wulff performed the ceremony alongside company representatives—headed by MTU executive vice president and COO Dr. Rainer Martens—and regional president Hauke Jagau. The senior politician told the blue-chip guests from politics, industry and science: "Lower Saxony's state government is enthused with this significant investment in Hannover. It clears the path for further growth at the location. MTU is a highly innovative company that closely cooperates with companies and research institutions in all of Lower Saxony. The investment again testifies to the amazing competence of Lower Saxony's aviation technology."

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Ludwigsfelde – André Sinanian (37) has been appointed vice president CF34 program. At MTU Maintenance Berlin-Brandenburg in Germany's Ludwigsfelde he will be responsible effective May 1 for the marketing, sales and customer service of the maintenance effort for that engine. Sinanian studied aerospace engineering and since 1999 has been with MTU Aero Engines, most recently in the corporate development department of MTU's Munich headquarters.   

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Munich –MTU Aero Engines Holding AG generated significantly increased revenues and earnings in the first quarter of 2007, sustaining the momentum of the strong performance in 2006. Revenues improved by 12% in the first three months of 2007, rising to €640.6 million (1-3/06: €574.5 million). MTU’s earnings rose significantly, with adjusted EBITDA1 reaching €90.6 million – an increase of 32% compared with the €68.8 million earned in the first three months of 2006. Adjusted net income2 for the first quarter 2007, at €26.1 million, remained more or less unchanged compared with the same period in 2006, when it amounted to €25.8 million. This year, however, it includes a nonrecurring charge for the early redemption premium in connection with the high-yield bond. Excluding this exceptional charge, adjusted net income increased by 45% to €37.5 million in the first quarter 2007.

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Munich - MTU Aero Engines, Germany's leading engine manufacturer and one of the world's major players in the industry, will for the first time exhibit this year at the Aerospace Testing Expo, March 27-29, in Munich. "What we hope to do is better market the testing competencies we've built over decades of commercial and military engine development," says Dr Sorina Seitz, who heads up Commercial Programs Supply Business at MTU. For the purpose, she continues to explain, the Munich exposition is the proper platform.

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Munich – MTU Aero Engines has increased its stake in General Electric Company’s (GE) F414 military jet engine, and also secured a stake in the predecessor engine model, the F404. As a risk- and revenue-sharing participant Germany's leading engine manufacturer now holds a 3.5 percent share in the F414 – up from 2.5 percent previously. In addition, MTU has taken an approximate 1.5 percent share in the F404.

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Munich – MTU Aero Engines Holding AG expects sustained growth in 2007. Revenues are targeted to rise by 8% to €2,600 million and adjusted EBITDA by 15% to €365 million. This forecast was announced by MTU on Tuesday, March 13, 2007 at the annual press conference.

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Hannover – MTU Aero Engines has received the largest maintenance contract in its annals: JetBlue Airways extended the term of the contract concluded with MTU Maintenance Hannover in 2005 from 10 to 15 years. The contract is worth 1.7 billion euros. That brings the overall JetBlue contract value to 2.4 billion euros. Totally, the maintenance order backlog of Germany's leading engine manufacturer now stands at more than five billion euros.

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Hannover – MTU Maintenance Hannover will have a new president and chief executive officer when on March 1, 2007, Dr. Uwe Blöcker takes the helm of the company. He succeeds Ferdinand Exler, who had headed the company since January 2002.

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Hannover – MTU Maintenance has signed a contract with Cathay Pacific for the maintenance of CF6 engines. The open-ended contract includes 15 CF6-50E2 engines powering Boeing 747-200Fs operated by the airline. The maintenance work will be performed at MTU Maintenance Hannover at Langenhagen.

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Munich – The German Financial Reporting Enforcement Panel (FREP), which examines the financial statements of the majority of newly listed companies in Germany, has completed its examination of MTU Aero Engines Holding AG’s consolidated financial statements for the financial year 2005, pursuant to Section 342b (2) sentence 3 no. 3 of the German Commercial Code (random sample examinations). MTU has agreed to accept the results of this examination, following which the Federal Financial Supervisory Authority (BaFin) has ordered their publication.

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Press Archive 2006

Ludwigsfelde - MTU Maintenance Berlin-Brandenburg will have a new president and chief executive officer when on February 1, 2007, Dr. Wolfgang Konrad takes the helm of the MRO specialist at Ludwigsfelde. Konrad, who holds a doctor's degree in mechanical engineering, succeeds André Wall, who after two years at Ludwigsfelde will accept an executive management position with Swiss-based Jet Aviation.

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Ludwigsfelde, Germany - MTU Maintenance Berlin-Brandenburg has been awarded an agreement valued at approximately NKr 350 Mill. (appr. 42 Mill. €) to provide maintenance services for GE LM gas turbines used in offshore platforms in the North Sea and onshore facilities located in Norway. The sites are owned and operated by oil exploration companies STATOIL ASA, a Norwegian company based in Stavanger, Norway, Norsk Hydro Produksjon AS and Exxon Mobile Exploration and Production Norway AS.

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Munich – MTU Aero Engines Holding AG continues on its positive growth trend: In the first nine months of 2006, the company’s revenues rose by 13% to €1,749.9 million (1-9/05: €1,545.6 million). The sector reporting the highest growth rate was once again commercial maintenance, repair and overhaul (MRO). MTU’s pre-tax earnings have also improved significantly, with EBITDA1 progressing from €166.6 million at end September 2005 to €224.7 million at end September 2006: a year-on-year increase of 35%. This increase is even more pronounced in the adjusted figures for net income2, which has more than doubled in comparison to the same period last year, rising 148% to €87.7 million (1-9/05: €35.3 million).

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Hannover – MTU Aero Engines keeps updating the PW6000 success story: on Tuesday, August 29, at MTU Maintenance Hannover in Germany's Langenhagen, the first PW6000 production engine was handed over to customer Pratt & Whitney in the presence of Lower Saxony's economics minister Walter Hirche. Witnessing the ceremony also were representatives of European aircraft maker Airbus.

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Munich – MTU Aero Engines Holding AG in the first half year of 2006 enjoyed continued growth: sales rose 12% to € 1,148.5 million (1-6/05: € 1,025.7 million), the growth again being driven mostly by commercial maintenance, repair and overhaul (MRO). The company posted appreciable gains in earnings: EBITDA1 improved 39% to € 142.1 million (1-6/05: € 102.3 million). The profit surge was especially apparent in adjusted net income2, which MTU in the first six months of the year more than tripled, from € 17.5 million in the first half-year 2005 to € 55.4 million.
 

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Ludwigsfelde, Germany – MTU Maintenance Berlin-Brandenburg has just secured the largest CF34 repair contract in its history. Air Wisconsin Airlines Corporation will send all of the CF34-3B1 engines powering its fleet of 70 twin-engine Bombardier CRJ200 regional jets to Ludwigsfelde for repair and overhaul. The ten-year contract is worth about 240 million euros ($300 million).

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Farnborough – MTU Aero Engines has become a risk- and revenue-sharing participant in General Electric Company’s F414 fighter engine program. This marks MTU’s first direct program participation in the U.S. military market. The contract signing ceremony was held on Monday, July 17, at the Farnborough International Airshow by MTU CEO Udo Stark, and by Russ Sparks, president of GE-Aviation  Military Engine Systems.

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Munich – The new European technology program Newac (New Aero Engine Core Concepts) was launched recently under the lead of MTU Aero Engines. This new research program is backed by the EU under its 6th Research Framework Program and commands an overall budget of €71 million. Newac will run for four years and aims to reduce CO2 emissions by 6 per cent and NOx emissions by 17 per cent through improvements to the engine core.

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Hannover – MTU Maintenance Hannover has secured a new customer when it recently inked a sole-source deal with the U.S.'s Gemini Air Cargo. The nine-year agreement, worth about 52 million euros, is for the repair and overhaul of 13 CF6-80C2 series engines. The first of the CF6-80C2s has already been received in Hannover. 

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Munich – Light in weight, heat-resistant and affordable: for use in low-pressure and intermediate-pressure turbines, MTU Aero Engines has succeeded in developing LEK94, a material that is setting new benchmarks. "A material of this type was still missing in the current offerings of high-temperature materials. There're lots of pricey and heavy high-end materials around, but with their overwhelming temperature and strength capabilities they tend to be overgunned in some of the applications," explains Dr. Jörg Esslinger, who supervises materials engineering at MTU. The new lightweight has promptly found a prominent home in the low-pressure turbine of the GP7000 powering the Airbus A380.

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Munich – MTU Aero Engines Holding AG in the first quarter of 2006 posted appreciable sales and profit gains, continuing the healthy trend of fiscal 2005. In the process, sales in the first three months of 2006 rose 10.8%, to € 564.8 million (1-3/05: € 509.7 million). Concurrently, operating profit1 grew 21.1%, to € 66.6 million (1-3/05: € 55.0 million). The sharp jump in profit registered more clearly even after taxes, with MTU more than doubling adjusted net income2 from € 11.2 million in the same quarter a year ago to € 25.7 million in the first three months of 2006. 

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Munich – MTU Aero Engines Holding AG in 2005 stayed on its growth track. Fiscal 2005 sales rose 12 %, from 1,918.0 million € to 2,148.6 million €. This gain went hand in hand with an overproportional increase in operating profit1 to 233 million €, up by 35 % over the year before (2004: 172.2 million €). The cash flow from operational activities nearly quadrupled, from 72.9 million € to 290.1 million €.

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Munich – Upon a proposal by the holding, the Munich register court has named Louis R. Hughes (56) to the supervisory board of MTU Aero Engines Holding AG, effective January 30, 2006. 

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Munich – Private equity investor Kohlberg Kravis Roberts (KKR) has sold the 29.3 percent share it still held after MTU Aero Engines Holding AG went public. The stock went to various institutional investors. KKR informed MTU of this move on January 31, 2006.

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Ludwigsfelde – Effective immediately, MTU Maintenance Berlin-Brandenburg is free to repair General Electric CF34-8 engines. On Monday, January 30, 2006, the German Federal Office of Civil Aeronautics granted EASA approval and also FAA approval. This adds a new dimension to operations at the Ludwigsfelde company. There are over 750 CF34-8 engines in revenue service. 1,500 more have been ordered or orders are expected to be firmed up - by 2014, the total order will be around 2,700. This makes this version of the CF34 the fastest growing of the CF34 family. The repair work will be worth about one billion euros globally over the next eight years.

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Press Archive 2005

Munich – The holders of the 8¼% Senior Notes of MTU Aero Engines Investment GmbH have consented to amendments relating to certain provisions of the terms of  the Senior Notes with a majority of 79,6% (minimum consent rate is 50%). As a result MTU will, as of today, be able to satisfy its reporting obligations in connection with the Senior Notes by providing consolidated financial and other information with respect to MTU Aero Engines Holding AG, MTU Aero Engines Investment GmbH's immediate parent. This will reduce the burden of administration, reporting, book-keeping and auditing.

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Munich –The supervisory board of MTU Aero Engines Holding AG in today's meeting appointed Dr. Rainer Martens to the board of management for three years, effective as of July 1, 2006. Dr. Martens will take over the engineering and production responsibilities of Dr. Michael Süß, whose contract will expire in 2006.

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Vancouver – CanJet Airlines’ fleet of B737-500 aircraft will have all of its CFM56-3 engines repaired and overhauled by MTU Maintenance Canada. Valued at 20 million euros ($27.6M Cdn), the contract involves 16 engines operated by CanJet and leased from Ft.Worth, TX- based aircraft lessor Q-Aviation.  The term of the contract is five years, with optional renewals and it was inked in late November this year.

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Munich – MTU Maintenance Hannover has cracked the Asian CF6-50 market: the first Asian customer to have CF6-50 engines maintained by the MTU MRO experts is Biman Bangladesh Airlines. The deal involves 19 CF6-50C2s, including spare engines. The value of the three-year contract is 40 million euros. The first Biman engine is expected to show up in Hannover in early December.

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Bonn – MTU Aero Engines is expanding its military engine maintenance activities. The company has signed a contract with the German Federal Office of Defense Technology and Procurement (Bundesamt für Wehrtechnik und Beschaffung - BWB) on the expansion of the existing industry-military cooperative model of engine maintenance ("Cooperative Model"). The agreement widens the scope of maintenance, which had so far involved only the Eurofighter EJ200 engine, to include also the RB199 (Tornado), J79 (Phantom) and RR250-C20 (BO 105 helicopter) powerplants, all of which will be repaired under MTU's industrial leadership. The ten-year contract is worth totally 370 million €, of which approximately 100 million € are additional sales for MTU. The Bundeswehr (German armed forces) will save 37 million € through the deal.

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Munich – MTU Aero Engines Holding AG continues to be on a growth track. In the first nine months of 2005 the company increased its sales as compared with the prior year period by 12 %, from 1,384.3 million € to 1,545.6 million €. The operating profit (EBITDA - earnings before interest, taxes, depreciation and amortization) saw an above-average increase by 35 %, from 123.5 million € to 166.6 million €. Cash flow from operating activities increased 215 %, from 95.2 million € as of September 2004 to 300.0 million € as of September 2005. “Also in the third quarter of 2005, MTU Aero Engines has continued its positive upward trend with strong growth in earnings. The targets which we had set ourselves for the first nine months of this year were achieved and even bettered,” states Udo Stark, President and CEO of MTU Aero Engines Holding AG.

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Munich – On Wednesday, November 23, 2005, MTU Aero Engines will repay 30 million euros of its high-yield bond. Repayment will be made at the contractually agreed rate of 108.25 percent plus accrued interest. The remaining portion of the bond then will stand at 165 million euros.

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Munich – Upon a proposal by the holding, the Munich register court has named Dr. Jürgen M. Geißinger, President and CEO of INA-Holding Schaeffler KG, Herzogenaurach, Germany, to the supervisory board of MTU Aero Engines Holding AG, effective October 4, 2005.

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Munich / Kuala Lumpur – Airfoil Services Sdn. Bhd. (ASSB), an MTU Aero Engines and Lufthansa Technik affiliate, is going to extend its activities: novel advanced repair techniques and a wider product portfolio will grow the Kuala Lumpur operation's sales, now standing at almost U.S. $5 million, to four times its present level, or $20 million, by 2010. The shop hopes to attract new customers and add more people to its payroll. ASSB specializes in the repair of aero engine blades for mostly MTU's maintenance segment and Lufthansa Technik.

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Munich - MTU Aero Engines will be retrofitting 40 T64 engines powering the German armed forces’ CH-53 helicopters. Worth some 20 million euros, the recently concluded deal follows up on a 2003 agreement MTU has with the services to retrofit 46 T64-7 engines to the -100 standard. The first tranche is nearing completion. A third one is scheduled: The follow-up order for the optimization of another 40 engines is slated in 2007 or 2008.

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Munich – Early in September, the engine industry's who's who convened in Munich: some 460 specialists from around the world attended the XVII. International Symposium for Airbreathing Engines (ISABE), the largest attendance ever. The industry's biggest meeting takes place every two years, each time on a different continent. The Munich event was organized by MTU Aero Engines and the DGLR German Society of Aeronautics and Astronautics. "For MTU, it is a great honor to host ISABE," emphasized Udo Stark, the company's president and CEO. The Symposium was held under the aegis of Dr. Klaus Steffens, the former MTU Aero Engines chief executive.

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Munich – Debut at MTU Aero Engines: In a first for the company, Germany's leading aero engine manufacturer has honored ten of its suppliers. The Supplier Award was bestowed during this year's Supplier Day on Wednesday, September 14 in Munich. Selections were made in four categories: costs, quality, logistics and cooperation. The winners accepted their prizes at the Flugwerft Oberschleißheim museum from MTU Aero Engines' COO Dr. Michael Süß.

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Munich – MTU Aero Engines this Thursday, September 15, repaid 80 million euros of its high yield bond. This reduces the still outstanding amount of the bond to 195 million euros, from 275 million euros. Repayment was made at the contractually agreed price of 108.25% plus accrued interest. The 10-year bond, with a final redemption date of 2014, was issued in March 2004 and carries 8.25% interest. "Our strong liquidity enabled us to make this partial repayment," explains Reiner Winkler, MTU Aero Engines' chief financial officer. "This way we keep reducing our annual interest burden. Over a year's time, this reduction of the high yield bond will in the future cut our interest payments by more than 4 million euros."

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Munich – The stock of MTU Aero Engines Holding AG (stock symbol MTX) will be included in the midcap MDAX index as of Monday, September 19, 2005. This follows from a Monday, September 5, 2005, decision of the Deutsche Börse, the German stock exchange operator.

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Ludwigsfelde – The Herculean task is accomplished: On the dot Monday, August 15, Western Europe's largest turboprop test cell was completed at MTU Maintenance Berlin-Brandenburg in Ludwigsfelde. The new test facility was built under what currently is Germany's most significant military aviation project: the emerging Airbus A400M military airlifter. The new test facility will accommodate the production acceptance testing of all TP400-D6 engines produced in Europe.

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Munich – MTU Aero Engines Holding AG has successfully completed the first half-year of 2005. Sales increased by about 125 million € (+14 %) to 1,025.7 million €. Earnings before interest, taxes, depreciation, amortization and special items (EBITDA), calculated on a comparable basis, improved by 59 % from 64.5 million € to 102.3 million €. Especially positive is the development of cash flow from operating activities, which increased from 50.9 million € to 232.8 million €. “We are satisfied with the course of business and the results for the first half of the year 2005,” commented Udo Stark, president and CEO of MTU Aero Engines Holding AG. “The results attained confirm our growth targets for 2005 in sales and earnings, and the positive trend in liquidity permits further improvement of the capital structure. This has also reflected in the positive development of the price of our share since the IPO.”

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Hannover – MTU Maintenance Hannover, an MTU Aero Engines Holding AG affiliate, has been awarded a contract from JetBlue Airways for the maintenance of all V2500 engines operated by the airline. This involves up to 360 engines powering JetBlue’s Airbus A320 family fleet. The sole-supplier contract runs for 10 years and is worth approximately 750 million euros. The fly-by-hour agreement can be renewed twice for five years each.

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Munich – Following on from the strong performance in 2004, MTU Aero Engines continued its successful development in the first quarter of 2005, achieving double-digit revenue growth. Strong sales of spare parts had a particularly significant effect on the overall result, which nearly doubled on a year-on-year basis. Cash flow from operating activities2 also increased substantially, mainly due to customer pre-payments during the first quarter. MTU Aero Engines presented its quarterly figures according to IFRS today on Tuesday, 10 May 2005.

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Munich –Today, Thursday, April 28, MTU Aero Engines GmbH published its business figures for the year 2004. The company has significantly enhanced its result and substantially improved its capital structure through the repayment of bank liabilities ahead of schedule. Sales were slightly up and the order book grew apace. The accounting, for the first time in accordance with IFRS, was influenced in particular by special effects deriving from the sale of the company.

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Munich – The Clean technology demonstrator has surpassed MTU's expectations: at Stuttgart University's altitude test facility, MTU's components met and in part bested all objectives. The low-pressure turbine's efficiency came in more than one percentage point better than anticipated, reported MTU Aero Engines. The company has since presented the findings of its initial evaluation of the test data for its components.

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Munich – MTU Aero Engines is revamping its credit structure and thereby taking a further step towards becoming a company with investment grade: MTU has concluded a loan agreement with Commerzbank, HypoVereinsbank, Deutsche Bank and UBS for a total credit line of 250 million euros. The agreement was signed on March 24, 2005. It supersedes the syndicated credit agreement for an overall amount of 620 million euros that was associated with the sale of MTU at the beginning of 2004. The new credit line serves to cover existing guarantees and the remaining indebtedness to banks and to create reserves for possible liquidity requirements. “The new loan agreement secures MTU an interest rate advantage of almost 3 percentage points,” stated Udo Stark, president and CEO, in Munich today.

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Hannover – The Langenhagen repair experts had a good start into the new year: Since early January, MTU Maintenance Hannover is providing service support for CF6-50C2 engines of France's Europe Airpost, a mail carrier.

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Munich – MTU Aero Engines has further improved its capital structure: As of today, Tuesday, February 1, the company has repaid loans in the amount of 79 million euros ahead of schedule. Bank liabilities are thus reduced to 106 million euros, while the annual gross interest load is decreased by some 4 million euros. “MTU already took important steps in this direction in the past year with two off-schedule repayments - 130 million euros in October and 70 million euros in November. With the repayment of a further 79 million euros we are systematically continuing MTU’s debt clearance,“ explained Udo Stark, president and CEO of MTU Aero Engines.

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Ludwigsfelde, Germany – MTU Maintenance Berlin-Brandenburg has inked a seven-year contract with Sahacogen in Thailand for the maintenance of two LM6000 gas turbines operated by the listed, independent power company. With Sahacogen, the Ludwigsfelde-based engine shop added a second Thai power producer to its list of long-term customers last year, after it had concluded a similar contract with Rojana Power earlier in 2004.

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