MTU Pleased with Farnborough Airshow Results: Orders Worth 1.3 Billion Euros
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. “Today, airlines are always looking for engines that meet ever more stringent standards in terms of fuel efficiency and noise emissions; we score high on both counts with engines for the regional jet, narrowbody and widebody segments alike,” Winkler goes on to explain. The overall volume of contracts for engines in which MTU has workshares is made up of a balanced mix of propulsion systems for short- to-medium-haul and long-haul airliners.
Full speed ahead for the new widebody generation: The largest share of new orders came from the GE9X for the Boeing 777X, in which MTU has recently announced its stake. Emirates and Qatar Airways from the Gulf region are the biggest customers, who placed firm orders for GE9X engines to equip 200 Boeing aircraft and took out options for 100 more GE9X-powered jets. MTU also profits from orders for Boeing 787s: Lessor ALC has selected the GEnx engine to power 30 Dreamliners.
A similarly high volume of orders was received for the geared turbofan (GTF) engines. The largest GTF order was received from Mexican carrier VivaAerobus, and another deal was signed with Philippine Airlines, with a total order tally of 50 aircraft with PurePower® PW1100G engines for the carriers’ A320neo fleets. The PW1500G, which is the GTF variant to power Bombardier’s CSeries, also scored big. The Canadian aircraft manufacturer racked up firm orders and inked letters of intent for a total of 67 aircraft from United-Kingdom-based Falko Regional Aircraft, China-based Zhejiang Loong Airlines, Jordan-based Petra Airlines, Abu Dhabi-based Falcon Aviation Services and two unidentified customers.
Agreements for firm orders and purchase rights were also signed for 50 of the Japanese Mitsubishi Regional Jet (MRJ), which is powered by the PW1200G geared turbofan, the customers being U.S. start-up Eastern Air Lines and regional carrier Air Mandalay in Myanmar. The PW1700G and PW1900G, the latest additions to the GTF family of engines, will power airframer Embraer’s new E2 jets. Trans States Holdings has placed orders and taken out options for 100 E175 E2 jets equipped with PW1700G engines. The Brazilian Azul Airlines has selected the PW1900G engine for the 50 E195 E2 jets the carrier has on firm order or option.
Demand for the engine powering the current A320 family of aircraft, IAE’s V2500, continues to be strong. At the Farnborough Airshow, Singapore-based aircraft leasing company BOC Aviation and the airlines Vueling, VivaAerobus and Saudi Gulf placed orders for this type of propulsion system.
About MTU Aero Engines
MTU Aero Engines is Germany's leading engine manufacturer and has been a key player in the global engine industry for 80 years. It engages in the development, manufacture, marketing and support of commercial and military aircraft engine modules and industrial gas turbines. The company is a technological leader in low-pressure turbines, high-pressure compressors, manufacturing processes and repair techniques. 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 MRO 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.
