MTU Maintenance Lease Services B.V. Starts Operations

Amsterdam, April 8, 2014 – The establishment of a joint venture between MTU Aero Engines and Japan-based Sumitomo Corporation has now been approved by the relevant competition authorities. MTU Maintenance Lease Services B.V., based in Amsterdam’s World Trade Center, will provide airlines, MROs and lessors with comprehensive engine solutions which span the entire lifecycle of an aircraft engine with focus on short- and medium-term engine leasing. Assets will be managed in the most cost-efficient and customized way from the delivery until teardown, including comprehensive material management solutions. 

The start of operations is accompanied by the purchase of a second GE90-115B engine which will be added to MTU’s spare engine pool. MTU Maintenance Lease Services B.V. also intends to further expand its GE90 pool in order to assist MTU’s current and future customers with peak spare engine requirements. GE90 lease engines will be marketed to all GE90 operators worldwide. MTU Maintenance Lease Services B.V. will provide services for engine programs that are part of MTU’s portfolio. These include the GE90, CFM56, V2500, CF34, CF6 and the PW2000 as well as future engine programs.

The company’s Managing Director is Martin Friis-Petersen who was formerly the Senior VP Operations of MTU Maintenance Hannover and is responsible for all business activities. Martin Friis-Petersen graduated from Copenhagen Business School with a M.Sc. in Economics and Business Administration, and further holds a CEMS Master’s degree from the University of St. Gallen. Martin Friis-Petersen (40) started his career within the company in 1998 and held several commercial and strategic positions, amongst others CFO of MTU Maintenance Zhuhai, a joint venture with China Southern Air Holding Company.

For further information please visit us at our booth 817 at the MRO Americas, from April 8-10 in Phoenix, Arizona.

About MTU Aero Engines

MTU Aero Engines is Germany's leading engine manufacturer and is an established global player in the industry since 80 years. It engages in the development, manufacture, marketing and support of commercial and military aircraft engines components and industrial gas turbines. The company is a technological leader in low-pressure turbines, high-pressure compressors and manufacturing processes. Figuring significantly among MTU's core competencies are the maintenance, repair and overhaul (MRO) of commercial engines and the service support it provides for industrial gas turbines. These activities are combined under the roof of MTU Maintenance, which is one of the world’s largest providers of commercial engine services. MTU operates affiliates around the globe; Munich is home to its corporate headquarters. In fiscal 2013, the company had a workforce of some 8,700 employees and posted consolidated sales of some 3.7 billion euros.