Engines
MTU Maintenance Weathers 2020 Largely Unscathed
The MRO arm of MTU Aero Engines saw the number of incoming engines decline only 18 percent compared with 2019.

MTU Maintenance emerged from what might have proved a disastrous 2020 with only a “black eye,” as the company saw just an 18 percent decline in business last year compared with the 45 percent most forecasters expected, the Munich-based company reported Thursday. The company attributed its relative success to what it called a “multi-pronged aftermarket strategy” of OEM network participation, joint ventures with airlines such as China Southern, and a broad portfolio across multiple business segments. It also credited its broad portfolio of 30 engine types, including the newly added CFM Leap and several other engines in the narrowbody segment, which industry authorities expect to recover much faster than the widebody market. MTU’s customer base also includes cargo operators, which largely weathered the Covid crisis unscathed.