MTU Aero Engines Wins Orders Worth EUR800 Million During Airshow

   By Alberto Delclaux 
 

MTU Aero Engines (MTX.XE) said Friday that it secured about 800 million euros ($930.2 million) in engine orders during the Farnborough International Airshow.

The figure is based on the list price of Pratt & Whitney geared-turbofan engines, in which the German company has a stake. Pratt & Whitney is a unit of United Technologies Corp. (UTX).

"The success of the geared turbofan family became evident once more at the Farnborough Airshow," said MTU Chief Executive Reiner Winkler.

"Thanks to our preparation in recent years, we are ready for the ramp-up," he said.

The new-generation engines power Airbus (AIR.FR) narrowbody A320neo family aircraft, as well as the A220 jets that were previously known as Bombardier C Series.

Among the orders, MTU highlighted one placed by low-cost carrier JetBlue Airways Corp. (JBLU) for 120 A220 aircraft to be powered by Pratt & Whitney engines. A startup airline backed by JetBlue's founder, David Neeleman, also ordered 60 A220 jets.

Write to Alberto Delclaux at [e-mail]

(END) Dow Jones Newswires

July 20, 2018 06:21 ET (10:21 GMT)

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