International Aero Engines

Mitsubishi Heavy Industries Delivers Large YoY Increases to Order Intake, Revenue, and Profit in Remarkable First Half, Raises FY2023 Order Intake Guidance

Retrieved on: 
Monday, November 6, 2023
Heat, Yoy, Commercial aviation, International Aero Engines, EBITDA, P&I, Ventilation, Growth, LT, Quattro (four-wheel-drive system), Risk, TSE, ADS, Thermal, Depreciation, HVAC, MHI, Boeing Defense, Space & Security, C&E, Uncertainty, Airline, Retail, Engineering, Energy, Aircraft, GTCC, Defense

- Raised full-year FY2023 order intake forecast by YEN1 trillion to reflect strength in GTCC and Defense & Space businesses.

Key Points: 
  • - Raised full-year FY2023 order intake forecast by YEN1 trillion to reflect strength in GTCC and Defense & Space businesses.
  • TOKYO, Nov 6, 2023 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 55.4% year-over-year to YEN3,137.0 billion in the half-year ended September 30, 2023.
  • Profit attributable to owners of parent (net income) was YEN91.9 billion, an increase of 69.8% year-over-year, with a profit margin of 4.4%.
  • LT&D saw large YoY increases in order intake and revenue, at YEN71.9 billion and YEN69.9 billion, respectively.

MHIAEL Completes First Maintenance of PW1100G-JM Aero Engine for the Airbus A320neo family

Retrieved on: 
Monday, July 24, 2023
JAEC, Maintenance, International Aero Engines, Noise, Mitsubishi Heavy Industries, Japanese Aero Engine Corporation, MHI, IAE, Airbus, Airbus A320neo family, GTF, Knowledge, PW4000, MRO, Aircraft, Airline, V2500

TOKYO, July 24, 2023 - (JCN Newswire) - Mitsubishi Heavy Industries Aero Engines, Ltd. (MHIAEL), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has completed its first maintenance of the PW1100G-JM aero engine for the Airbus A320neo family.

Key Points: 
  • TOKYO, July 24, 2023 - (JCN Newswire) - Mitsubishi Heavy Industries Aero Engines, Ltd. (MHIAEL), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has completed its first maintenance of the PW1100G-JM aero engine for the Airbus A320neo family.
  • The company drew on experience and knowledge gained from 30 years of work on the maintenance of the PW4000 and V2500 engines.
  • The development of this aero engine is a multinational joint project which MHIAEL participates in the development and production as part of Japanese Aero Engines Corporation (JAEC).
  • The PW1100G-JM is used on aircraft in the Airbus A320neo family.

Kim Kinsley Succeeds Earl Exum as President of International Aero Engines AG

Retrieved on: 
Wednesday, June 14, 2023
A320, Exercise, Pratt & Whitney, MTU Aero Engines, International Aero Engines, A321, Aviation, Power & Control, Control, Japanese Aero Engine Corporation, Raytheon Technologies, IAE, Engineering, Airbus, Biophysical environment, Collins Aerospace, CO2, Female, Embraer, Aircraft, Management, Airline, V2500

EAST HARTFORD, Conn., June 14, 2023 /PRNewswire/ -- International Aero Engines AG (IAE), a multinational consortium comprised of shareholders including Raytheon Technologies' business Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines, today named Kim Kinsley as its president.

Key Points: 
  • EAST HARTFORD, Conn., June 14, 2023 /PRNewswire/ -- International Aero Engines AG (IAE), a multinational consortium comprised of shareholders including Raytheon Technologies' business Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines, today named Kim Kinsley as its president.
  • She succeeds Earl Exum, who held the position since 2020.
  • Kinsley, IAE's first female president, has concurrently been named vice president, V2500 programs at Pratt & Whitney.
  • Kinsley is a proven leader with capabilities in building teams, improving organizational collaboration, strengthening customer relationships and achieving business objectives.

Mitsubishi Heavy Industries Achieves Large YoY Orders and Profit Increases and Plans Higher Year-End Dividend Payout in FY2022, Pursues 7% Business Profit Margin in FY2023

Retrieved on: 
Wednesday, May 10, 2023
Uncertainty, Aero, Defense, Thermal, Energy transition, HVAC, GTCC, Jeep four-wheel-drive systems, EBITDA, MHI, Investment, Risk, Energy, International Aero Engines, CFO, Yoy, ROE, TSE, Cryptocurrency, Aircraft

Revenue rose 8.9% to YEN4,202.7 billion year-over-year, resulting in profit from business activities (business profit) of YEN193.3 billion, a 20.6% increase from the previous fiscal year, which represents a profit margin of 4.6%.

Key Points: 
  • Revenue rose 8.9% to YEN4,202.7 billion year-over-year, resulting in profit from business activities (business profit) of YEN193.3 billion, a 20.6% increase from the previous fiscal year, which represents a profit margin of 4.6%.
  • Profit attributable to owners of parent (net income) was YEN130.4 billion, an increase of 14.9% year-over-year, with a profit margin of 3.1%.
  • EBITDA was YEN331.1 billion, a 13.3% increase from FY2021, with a profit margin of 7.9%, up 0.3 percentage points year-over-year.
  • This will propel us toward our 2021 Medium-Term Business Plan targets, one focus of which is a business profit margin of 7%.

Aircraft Engines Global Market Report 2021: COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, September 1, 2021
Technology, Air, Transport, Other Technology, Aircraft, General Electric Company, International Aero Engines, Growth, GE9X, International Air Transport Association, Honeywell, Maintenance, Textron, GE Aviation, Hindustan Aeronautics Limited, Boeing, MTU Aero Engines, United Technologies, Aviation, Organization, IATA, COVID-19, Technology, Airline, Fossil fuel

The "Aircraft Engines Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Aircraft Engines Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The aircraft engines market consists of sales of aircraft engines and related services by entities (organizations, sole traders or partnerships) that produce aircraft engines.
  • The integration of 3D printed parts in aircraft engines is a key trend gaining the popularity in the aircraft engines market.
  • Therefore, the high maintenance cost of the aircraft engines restraints the growth of the aircraft engines market.

Pratt & Whitney and JetBlue sign long-term service agreement for 230 V2500® engines

Retrieved on: 
Thursday, July 30, 2020
Engines, Companies, Machines, East Hartford, Connecticut, Pratt & Whitney, Japanese Aero Engine Corporation, MTU Aero Engines, IAE V2500, Raytheon Technologies, Turkish Engine Center, International Aero Engines, Airbus A320 family

"The V2500 engine has been the workhorse of the JetBlue fleet since the airline's inception," said Steve Priest, Chief Financial Officer at JetBlue.

Key Points: 
  • "The V2500 engine has been the workhorse of the JetBlue fleet since the airline's inception," said Steve Priest, Chief Financial Officer at JetBlue.
  • The highly reliable and fuel efficient V2500 engine is offered through IAE, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
  • "We truly appreciate our long-standing and successful relationship with JetBlue," said Rick Deurloo, chief commercial officer at Pratt & Whitney.
  • Pratt & Whitney, a unit of Raytheon Technologies (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units.

Production Milestone for Pratt & Whitney GTF™ PW1200G Engine at Mitsubishi Heavy Industries Aero Engines in Japan

Retrieved on: 
Wednesday, December 12, 2018
Aviation, Propulsion, Industrial organization, International Aero Engines, Pratt & Whitney, Mitsubishi Regional Jet, IAE V2500, Mitsubishi Aircraft, Mitsubishi Heavy Industries, Japanese Aero Engine Corporation

EAST HARTFORD, Conn., Dec. 12, 2018 /PRNewswire/ --Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and Mitsubishi Heavy Industries Aero Engines Ltd. (MHIAEL) recently achieved a significant production milestone on the Pratt & Whitney GTF PW1200G engine, powering the Mitsubishi Regional Jet (MRJ), Japan's first jet aircraft developed by Mitsubishi Aircraft Corporation (Mitsubishi Aircraft).

Key Points: 
  • EAST HARTFORD, Conn., Dec. 12, 2018 /PRNewswire/ --Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and Mitsubishi Heavy Industries Aero Engines Ltd. (MHIAEL) recently achieved a significant production milestone on the Pratt & Whitney GTF PW1200G engine, powering the Mitsubishi Regional Jet (MRJ), Japan's first jet aircraft developed by Mitsubishi Aircraft Corporation (Mitsubishi Aircraft).
  • The first PW1200G engine assembly was completed at MHIAEL facility in Komaki, Japan, and successfully passed Pratt & Whitney's production acceptance test.
  • "Thanks to extensive and close cooperation with Pratt & Whitney, MHIAEL is developing a facility in Komaki to perform final assembly of the PW1200G engine powering the MRJ," says Katsuyuki Shimauchi, President& CEO, Mitsubishi Heavy Industries Aero Engines,Ltd.
  • The company's business includes development and manufacturing of aircraft engines through partnering with various aircraft engine OEMs including Pratt & Whitney, and aircraft engine MRO services for Pratt & Whitney's PW4000engine and V2500 engine of International Aero Engines A.G. (IAE).

JetSmart Signs V2500® Maintenance Service Agreement

Retrieved on: 
Tuesday, December 11, 2018
Aviation, Aircraft, Propulsion, International Aero Engines, Pratt & Whitney, IAE V2500, Airbus A320 family, JetSmart

EAST HARTFORD, Conn., Dec. 11, 2018 /PRNewswire/ --JetSmart has signed an eight-year service agreement, with optional extension to 10 years, with IAE International Aero Engines AG to maintain its current fleet of V2500-powered A320ceos.

Key Points: 
  • EAST HARTFORD, Conn., Dec. 11, 2018 /PRNewswire/ --JetSmart has signed an eight-year service agreement, with optional extension to 10 years, with IAE International Aero Engines AG to maintain its current fleet of V2500-powered A320ceos.
  • "We're pleased to be able to manage our V2500-powered fleet more efficiently through this services agreement," said Estuardo Ortiz, JetSmart CEO.
  • "And we are pleased to welcome JetSmart to our customer network with this service agreement."
  • Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units.

Air New Zealand Receives First A321neo Powered by Pratt & Whitney GTF™ Engines

Retrieved on: 
Monday, November 5, 2018
Aviation, Aircraft, Propulsion, International Aero Engines, Pratt & Whitney, Airbus A320 family, MTU Aero Engines, IAE V2500, Airbus A320neo family, Japanese Aero Engine Corporation, Airbus, Airbus A319

HAMBURG, Germany, Nov. 5, 2018 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) and Air New Zealand, have celebrated the delivery of the airline's first A321neo aircraft powered by Pratt & Whitney GTF engines and backed by an EngineWise service agreement for up to 16 years.

Key Points: 
  • HAMBURG, Germany, Nov. 5, 2018 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) and Air New Zealand, have celebrated the delivery of the airline's first A321neo aircraft powered by Pratt & Whitney GTF engines and backed by an EngineWise service agreement for up to 16 years.
  • Air New Zealand, based in Auckland, currently has on order 20 firm Airbus A320neo family aircraft powered by Pratt & Whitney GTF engines intended for fleet renewal and anticipated short-haul network growth.
  • The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, a division of United Technologies Corporation; Pratt & Whitney Aero Engines International GmbH; Japanese Aero Engines Corporation; and MTU Aero Engines GmbH.
  • Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units.

Aegean Airlines Selects Pratt & Whitney GTF™ Engines to Power up to 62 Airbus A320neo Family Aircraft

Retrieved on: 
Monday, October 22, 2018
Aviation, Aircraft, Pratt & Whitney, Airbus A320neo family, Airbus A320 family, Aegean Airlines, IAE V2500, Airbus, International Aero Engines

HARTFORD, Conn., Oct. 22, 2018 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), today announced that Aegean Airlines has selected the Pratt & Whitney GTF engine to power up to 62 Airbus A320neo family aircraft: 30 firm, 12 option, and up to 20 leased aircraft.

Key Points: 
  • HARTFORD, Conn., Oct. 22, 2018 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), today announced that Aegean Airlines has selected the Pratt & Whitney GTF engine to power up to 62 Airbus A320neo family aircraft: 30 firm, 12 option, and up to 20 leased aircraft.
  • "We selected the Pratt & Whitney GTF engine to provide our passengers with the newest and most advanced technology available for our new Airbus aircraft," said Eftichios Vassilakis, Chairman at Aegean Airlines.
  • Pratt & Whitney already powers the airline's fleet of 49 V2500-powered A320ceo family aircraft.
  • Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units.