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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.

Dr. Stefan Weingartner, MTU Aero Engines President and CEO, Commercial Maintenance, explained: "TAM, the largest regional airline in South America, is one of our most important customers. Over the course of the past ten years, we have succeeded in fully satisfying TAM with the high-quality services  and flexibility that are the hallmark of MTU Maintenance. I'm very pleased that TAM has decided to continue its partnership with MTU."

MTU Maintenance is the largest independent provider of commercial engine maintenance services worldwide and operates affiliates in all of the major regions and markets around the globe. MTU Maintenance Hannover, the group's flagship company, specializes in the repair and overhaul of medium-sized and large commercial engines, among them the General Electric (GE) CF6-50, CF6-80C2 and GE90-110/115, the Pratt & Whitney PW2000, the International Aero Engines (IAE) V2500, and the CFM International CFM56-7. MTU Maintenance offers Total Engine Care service solutions, which include innovative repair techniques, and additional services such as engine lease, engineering and logistic support, customer training, and 24-hour service availability.

About MTU Aero Engines
MTU Aero Engines, Germany's leading engine manufacturer and in fact the country's only independent engine builder, is an established player in the industry. The company has a workforce of about 7,600 employees worldwide. In fiscal 2009, it posted consolidated sales of some 2.6 billion euros. A technology leader, MTU excels in low-pressure turbines and high-pressure compressors, as well as in manufacturing and repair techniques.