MTU, Air Burkina Sign New Deal For CF34-8E Engines

MTU Maintenance says it has signed an exclusive three-year maintenance agreement with its new customer, Air Burkina, for the airline's four CF34-8E engines from their Embraer E170 aircraft.

According to MTU, the contract which covers maintenance, repair and overhaul, on-site services and guaranteed leasing of spare engine will make Air Burkina MTU's first CF34-8 customer in sub-Saharan Africa.

The company discloses that it has been maintaining engines from the CF34 family (CF34--3, -8C/E, -10E) for 15 years and has provided MRO services to over 90 customers across the globe through MTU Maintenance Berlin-Brandenburg, a General Electric authorized CF34 service provider.

Meanwhile, MTU Aero Engines AG says it has generated revenues of €2,548.0 million in the first six months of 2017, an increase of 11% from the previous year. In addition, MTU reveals that its operating profit also increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%), while earnings after tax increased by 29% from €176.1 million to €227.5 million.

Mr. Reiner Winkler, CEO of MTU Aero Engines AG, observes: "The development in the first half-year allows us to provide a more precise full-year guidance based on concrete targets rather than approximate ranges, and we can raise our forecast."

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