MTU Aero Engines benefits from V2500 business

For MTU Aero Engines, the 2010 Singapore Airshow proved a profitable event: Just a few days before the event officially opened, the German 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.