MTU Awarded Record Billion-Euro Maintenance Contract from JetBlue Airways
08 March 2007 13:52
Hannover – MTU Aero Engines has received the largest maintenance contract in its annals: JetBlue Airways extended the term of the contract concluded with MTU Maintenance Hannover in 2005 from ten years to 15. The contract is worth €1.7 billion. That brings the overall JetBlue contract value to €2.4 billion. In total, the maintenance-order backlog of Germany's leading engine manufacturer now stands at more than €5 billion.
A contract signed in June 2005 provided for close to 400 of the US airline's V2500 engines to visit the MTU shop at Langenhagen for maintenance. An exclusive extension of this contract was signed on February the 26th, 2007. 116 of the IAE engines to be delivered to the airline starting in 2009 will be built to the upgraded SelectOne standard of the V2500. The improved engine version stands out by its modest fuel consumption and low maintenance costs. JetBlue is the world's largest V2500 operator and the principal customer of the IAE consortium, in which MTU is a shareholder.
MTU Aero Engines president and CEO of commercial maintenance, Bernd Kessler, noted: "JetBlue ranks among the fastest growing and most successful airlines of the world. The new contract testifies to the enormous trust the company places in us. That will let us grow into a long-term strategic partnership." MTU Maintenance Hannover, as the world's leading V2500 repair shop, is sure to provide optimal service quality, short lead times and competitive prices, according to Kessler. "We'll be only too happy to support JetBlue on its growth track. "
JetBlue vice-president of technical operations, Dave Ramage, said: "MTU Aero Engines has been a valuable business partner for our engine maintenance operations and will continue to provide essential support in this area well into the future. As JetBlue's Airbus A320 fleet continues to grow, this new contract will support our engine maintenance needs by an organisation dedicated to a service-quality level that aligns closely with our own."
For more information on this company:
MTU Maintenance Hannover - Maintenance, Repair and Overhaul (MRO) of Commercial Aircraft Engines, Marine and Industrial Gas Turbines
Copyright 2008SPG Media Limited a subsidiary of SPG Media Group PLC
