MTU Maintenance breaks ground on a $111.9 million expansion at its Hannover facility to increase widebody engine shop visits by over 20% and add 200 jobs.
CFM and third-party MRO providers are adding Leap aftermarket capacity to support a projected doubling of the narrowbody engine fleet in the next five years.
The leasing and asset management arm of MTU Maintenance has invested in startup TRecs, which has developed an AI-driven engine lifecycle management platform.
MTU Aero Engines expects its aftermarket business to double by 2030 as its primary revenue driver shifts from legacy IAE V2500 work to the surging PW1000G fleet