50 SKY SHADES - World aviation news

MTU Maintenance Lease Services B.V. now a full MTU subsidiary

Download: Printable PDF Date: 05 Nov 2021 09:09 (UTC) category:
Publisher:
MTU Maintenance Lease Services B.V. now a full MTU subsidiary - Finance publisher
Dana Ermolenko
Aircraft: Airplanes

MTU Aero Engines has purchased a 20 percent share of MTU Maintenance Lease Services B.V. from Sumitomo Corporation, making the company from Amsterdam a 100 percent subsidiary of MTU. MTU has also sold its 10 percent share in SMBC Aero Engine Lease B.V. to Sumitomo Corporation. Both companies will continue to maintain their close collaboration.

The move will unlock the full potential of synergies within the MTU group and more focussed support of MTU’s engine maintenance, repair and overhaul customers with their spare engine and material needs. It will also ensure continued used serviceable material supply for MTU’s network of maintenance facilities. Further, MLS is specialized in leasing, asset management and technical consulting and will continue to develop its portfolio according to market and customer needs.  

“We look forward to further optimizing our business as a 100 percent subsidiary within the MTU group. It provides a solid foundation for our future growth strategy,” says Patrick Biebel,  Managing Director of MLS. “Our lease and material support services complement the MTU Maintenance MRO portfolio and enable complete service solutions to be offered to customers. Furthermore, MLS will expand its asset management services, such as managed leases and material consignments for the lessor community.”

Founded in 2014, MLS has grown into an established engine leasing and asset management player. The company has a staff of over 40 employees and plans to double turnover in the coming four years. Alongside representative offices in Atlanta, USA, and Dublin, Ireland, the company has made a further commitment to its regional presence in Asia, having transformed its representative office into a full legal entity in Singapore, MTU Maintenance Singapore Pte. Ltd. MLS deals in engines that mirror the MTU Maintenance engine MRO portfolio, including the popular CF34, CF6-80C2, CFM56, GE90, PW2000 and V2500 engines.



Loading comments for MTU Maintenance Lease Services B.V. now a full MTU subsidiary...


Recommended

Metrojet Engineering Clark welcomes first Bombardier Global 7500 hangar-parking jet

Metrojet Engineering Clark (MEC), the Philippines based Maintenance, Repair and Overhaul (MRO) station of Hong Kong-based Metrojet Limited (www.metrojet.com), has delightfully welcomed the first...

Azur Drones signs a framework agreement to strengthens its collaboration with TotalEnergies

Azur Drones, one of the world leaders in drone-in-a- box solutions for surveillance and inspection, has recently obtained validation of its Skeyetech system by the giant TotalEnergies, confirming its...

Eurocontrol confirms the readiness of LGS and Riga Airport to apply the A-CDM procedures

Riga Airport, as the first and currently the only airport in the Baltic countries, started using the A-CDM procedures already this April, which allowed the airport to improve the quality of its servic...

Croatia and France finalize Rafale acquisition

At a ceremony attended by the President of the French Republic Emmanuel Macron and the Prime Minister of the Croatian Republic Andrej Plenković, the French Minister of the Armed Forces Florence Parly...