MTU Aero Engines (MTU) has purchased a 20% share of MTU Maintenance Lease Services B.V. (MLS) from Sumitomo Corporation, making the Amsterdam-based company a 100% subsidiary of MTU. MTU has also sold its 10% share in SMBC Aero Engine Lease B.V. to Sumitomo Corporation. Both companies will continue to maintain their close collaboration.
The move will unlock the full potential of synergies within the MTU group and more focussed support of MTU’s engine maintenance, repair and overhaul customers with their spare engine and material needs. It will also ensure continued used serviceable material supply for MTU’s network of maintenance facilities. Further, MLS is specialised in leasing, asset management and technical consulting and will continue to develop its portfolio according to market and customer needs.