Loading
12-Sep-2012 10:46 AM

MTU Aero Engines on track to achieve 2020 revenue target

MTU Aero Engines CEO Egon Behle said (11-Sep-2012) the company has set a goal of EUR6 billion p/a in revenue by 2020. Mr Behle said the outlook for the market is positive, with global passenger air traffic growing at a steady rate, as well as demand for new aircraft. Total global air passenger traffic will increase 40% by 2020. Mr Behle noted the company’s enhanced role in the International Aero Engines (IAE) consortium for the V2500 is a crucial milestone. MTU increased its share in the programme from 11% to 16% this year, and expects the move will generate an additional EUR3-4 billion in revenue over the next 25 years. The IAE partners have also agreed to set up a JV to build propulsion systems for next-generation aircraft. [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More