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MTU Maintenance Raises Second Half Expectation

MTU Maintenance signs a contract with Atlas Air and reports first half results.

MTU Maintenance and Atlas Air have signed a seven-year extension of their CF6-80C2 contract. The contract includes maintenance, repair and overhaul of over 200 engines on Atlas’s Boeing 747s and 767s, as well as engine trend monitoring. It incorporates numerous elements of MTU Maintenance’s SAVEPlus offering, one of the MTUPlus intelligent solutions and a product dedicated to reducing cost through smart strategies for mature engines.

Additionally, MTU Maintenance is the exclusive service partner for Atlas Air Worldwide subsidiary Southern Air’s entire fleet of 777 cargo airplanes, powered by GE90-110Bs. This agreement runs for 12 years and includes full support, including lease engines.

At half-year, MTU Aero Engines has raised its forecast for 2019. The company is now projecting an adjusted earnings before interest and taxes margin in the region of 16%, up from 15.5%, for two reasons. Business at MTU Maintenance Zhuhai in China has developed better than anticipated. In addition, changes in product mix also has had a positive effect. MTU expects spare parts sales will increase by a percentage in the mid-to-high single digits. A high single-digit percentage organic growth rate is expected in the commercial maintenance business.

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