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

VoltAero brings its Cassio electric-parallel hybrid aircraft to the Netherlands for sustainable aviation demo flights with the country Power Up initiative

VoltAero Cassio electric-hybrid aircraft is to perform demonstration flights across selected routes in the Netherlands beginning June 13 to promote highly sustainable regional aviation throughout...

Pratt & Whitney Canada launches carbon offset service to general aviation customers by signing up JetFly

Pratt & Whitney Canada announced that European fractional owner JetFly has signed up its entire fleet of PT6A and PT6 E-Series™ engine-powered Pilatus aircraft that are enrolled in the Eagle...

Leonardo VIP/corporate helicopter fleet set to grow in Europe with new orders announced at EBACE 2022

Leonardo leadership in the VIP/corporate multiengine helicopter market continues to grow with new orders announced at EBACE 2022, including three AW109 GrandNew light twin, one AW109 Trekker and...

Jetstar unveils new livery for its Airbus NEO fleet as delivery countdown for first aircraft begins

In celebration of its 18th birthday today, Jetstar has unveiled the new livery for its world-class fleet of Airbus NEOs as the airline prepares to embark on a new era of flying. The first of...

The drones news