MTU Aero Engines Secures $800 Million in Orders at Farnborough Airshow

MTU Aero Engines Secures $800 Million in Orders at Farnborough Airshow

(IN BRIEF) At the Farnborough Airshow, MTU Aero Engines secured approximately $800 million in orders, highlighting the strong demand for Pratt & Whitney’s GTF engines for the A320neo and GE9X engines for the Boeing 777X. Major orders included Avolon’s purchase of 80 A320neo aircraft with PW1100G-JM engines, and Qatar Airways’ order for 20 Boeing 777-9 aircraft. Additionally, Japan Airlines, IAG, and EVA Air selected the GEnx for their 20 new Boeing 787 Dreamliners. MTU also saw military sector success with a joint order from the Netherlands and Austria for nine C-390 military transporters. MTU holds significant shares in these engine programs and contributes key components, underscoring its strong presence in both narrowbody and widebody segments.

(PRESS RELEASE) MUNICH, 26-Jul-2024 — /EuropaWire/ — At this year’s Farnborough Airshow, MTU Aero Engines achieved significant success, securing approximately $800 million in orders. The orders prominently featured Pratt & Whitney’s GTF engine family, particularly for the A320neo, and the GE9X for the Boeing 777X. “The high order value demonstrates once again that aviation is a growing market and MTU participates in the right, future-oriented engine programs,” said Lars Wagner, CEO of MTU Aero Engines AG. The company is well-represented in both the narrowbody and widebody segments.

A major highlight was the order from Avolon for 80 A320neo aircraft equipped with PW1100G-JM engines. Other significant orders included leasing company SMBC Aviation Capital and SKY Airline, which will use the GTF engine for a total of 32 new A320neo family aircraft.

Demand for new-generation widebody engines was also strong. Qatar Airways ordered 20 Boeing 777-9 aircraft, exclusively powered by the GE9X. Japan Airlines, IAG, and EVA Air selected the GEnx for their 20 newly ordered Boeing 787 Dreamliners.

In the military sector, MTU saw success with the joint order from the Netherlands and Austria for nine C-390 military transporters from Embraer, powered by the V2500 engine, in which MTU holds a 16 percent stake.

MTU holds shares of between 17 and 18 percent across the GTF engine family, depending on the application. The company contributes the high-speed low-pressure turbine, parts of the high-pressure compressor, and manufactures brush seals. Additionally, MTU is responsible for the turbine center frame for GEnx and GE9X widebody engines, corresponding to program shares of 6.5 and 4 percent, respectively.

MTU Aero Engines AG is Germany’s leading engine manufacturer. The company is a technological leader in low-pressure turbines, high-pressure compressors, turbine center frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30 percent of today’s active aircraft in service worldwide have MTU components on board. In the commercial maintenance sector the company ranks among the top 3 service providers for commercial aircraft engines and industrial gas turbines. The activities are combined under the roof of MTU Maintenance. In the military arena, MTU Aero Engines is Germany’s industrial lead company for practically all engines operated by the country’s military. MTU operates a network of locations around the globe; Munich is home to its corporate headquarters. In fiscal 2023, the company had a workforce of more than 12,000 employees and posted consolidated sales of 6.3 billion euros.

Media Contacts:

Markus Wölfle
Director Corporate Communications
Phone: +49 (0)89 1489 8302
Cell: +49 (0) 151 174 15 084
markus.woelfle@mtu.de

Victoria Nicholls
Senior Communications Manager
Cell: +49 (0) 171 375 544 7
victoria.nicholls@mtu.de

SOURCE: MTU Aero Engines AG