MTU Maintenance reports another year of successful growth in 2016

MTU Maintenance, the maintenance, repair and overhaul (MRO) arm of MTU Aero Engines, reported another year of successful growth in 2016. The company has signed independent deals with a contract volume of US$2.2bn with the program families CF34, CFM56, and LM industrial gas turbines (IGTs) enjoying particular success. “Over 250 new contracts have been signed in 2016 and 26 new customers have joined the company’s engine and IGT MRO customer lists,” explains Michael Schreyögg, Chief Program Officer at MTU Aero Engines. “Underlining our customers’ trust in MTU Maintenance’s technology, market and engineering expertise.” Additionally, the company receives shop visit volume from contracts signed with MTU Aero Engines and partners through the OEM network. MTU Maintenance grew its revenue by 21% to US$2.1bn in 2016. Nearly 1,000 engines were delivered to the company’s locations around the world for repair and overhaul – bringing the total shop visit count to over 17,000 in more than 35 years. The largest share of turnover came from the V2500 engine family, with a market share percentage in the mid-thirties in 2016. Growth is set to continue into 2017; MTU Aero Engines foresees around 10% overall growth in US Dollar its MRO segment for the coming year.