Commercial maintenance at Germany’s MTU Aero Engines rose by 21% in 2016 to €1.9 billion ($2 billion).
MTU said the growth was driven mainly by work for the V2500 engine powering the Airbus A320. Other commercial engines driving demand include the CF34, along with the GE90 option for the Boeing 777.
“The revenue distribution reflects the high capacity utilization levels at all maintenance locations,” said MTU’s chief program officer Michael Schreyögg. “The series of record revenues achieved in the MRO segment has been unbroken for five three-month periods in succession, up to and including the fourth quarter of 2016.”
The MRO segment is also anticipated to be the company’s highest growing in 2017, with a projected increase of 10%.