DOCSLIB.ORG

Annual Report 2015 (PDF)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2015 (PDF) ANNUAL REPORT 2015 The engine makers The team behind the success KEY INDICATORS REVIEWED OVER 5 YEARS ORDER BACKLOG BY SEGMENTS IN € MILLION (BEFORE CONSOLIDATION) 2011 4,776.64,777.9 2012 5,640.44,517.4 2013 5,403.63,971.0 2014 6,763.64,412.9 2015 6,830.6 5,663.1 0 5,000 10,000 REVENUES BY SEGMENTS IN € MILLION (BEFORE CONSOLIDATION) 2011 1,846.6 1,005.6 2012 2,106.41,169.1 2013 2,392.01,213.7 2014 2,648.3 1,298.9 2015 2,897.11,580.6 0 2,000 4,000 EBIT ADJUSTED BY SEGMENTS IN € MILLION (BEFORE CONSOLIDATION) 2011 239.696.0 2012 264.1108.3 2013 268.2108.6 2014 266.2116.3 OEM segment 2015 285.0 155.2 MRO segment 0 200 400 EARNINGS AFTER TAX (EAT) IN € MILLION 2011 161.8 2012 174.6 2013 166.3 2014 195.4 2015 217.6 0 100 200 The OEM segment (Original Equipment Manufacturing) covers new commercial engines, including spare parts, and the whole of the military business. The MRO segment (Maintenance, Repair and Overhaul) comprises all commercial maintenance activities. SELECTED CONSOLIDATED FINANCIAL INFORMATION AND KEY FIGURES SELECTED CONSOLIDATED FINANCIAL INFORMATION AND KEY FIGURES AT A GLANCE Change in € million (unless otherwise specified) 2015 2014 2014-2015 Revenues and earnings Revenues 4,435.3 3,913.9 13.3 % attributable to the commercial engine business1) 2,414.0 2,116.8 14.0 % attributable to the military engine business1) 483.1 531.5 -9.1 % attributable to the commercial maintenance business1) 1,580.6 1,298.9 21.7 % Gross profit 580.3 538.5 7.8 % Earnings before interest and tax (EBIT) 385.6 333.5 15.6 % Earnings after tax 217.6 195.4 11.4 % Adjusted earnings Earnings before interest and tax (adjusted EBIT) 440.3 382.7 15.1 % EBIT margin in % 9.9 9.8 Earnings after tax 306.9 253.3 21.2 % Balance sheet Total assets 5,188.3 4,806.3 7.9 % Equity 1,300.6 1,188.3 9.5 % Equity ratio in % 25.1 24.7 Net financial debt 881.2 780.4 12.9 % Cash flow Cash flow from operating activities 296.2 204.8 44.6 % Cash flow from investing activities -267.8 -234.5 -14.2 % Free cash flow 72.0 42.5 69.4 % Cash flow from financing activities -42.7 -72.7 41.3 % Number of employees at year end Commercial and military engine business 5,331 5,274 1.1 % Commercial maintenance business 3,003 3,059 -1.8 % Total number of employees 8,334 8,333 Share indicators Earnings per share in € Basic earnings per share 4.26 3.84 10.9 % Diluted earnings per share 4.26 3.83 11.2 % Dividend per share in €2) 1.70 1.45 17.2 % Dividend yield in % 1.9 2.0 Total dividend2) 86.9 74.0 17.4 % Outstanding common stock at Dec. 31 (million shares) 51.1 51.0 0.2 % 1) Before consolidation 2) Proposal to the Annual General Meeting for 2015 based on an expected volume of 51.1 million dividend-entitled shares. Prior year: Resolution by the Annual General Meeting for the financial year. TABLE OF CONTENTS U3 Key indicators reviewed over 5 years U4 Selected consolidated financial information and key figures 21 TO OUR SHAREHOLDERS 22 Letter to our shareholders 25 The Executive Board 26 The MTU share 31 CORPORATE GOVERNANCE 32 Corporate governance report 32 Declaration of conformity 38 Management compensation report (part of the combined management report) 60 Report of the Supervisory Board 64 The Supervisory Board 67 COMBINED MANAGEMENT REPORT 68 The enterprise MTU 79 Business environment 111 MTU AG (Disclosures in Accordance with The German Commercial Code (HGB)) 117 Subsequent events 117 Forecasts 121 Risk and opportunity report 134 The internal control and risk management system in relation to the group accounting process 137 Disclosures in connection with the takeover directive 142 Other disclosures 145 CONSOLIDATED FINANCIAL STATEMENT 146 Consolidated Income Statement 147 Consolidated Statement of Comprehensive Income 148 Consolidated Balance Sheet 150 Consolidated Statement of Changes in Equity 151 Consolidated Cash Flow Statement 152 Reporting by operating segment (part of the Notes to the Consolidated Financial Statements) 155 Accounting Policies and Principles 233 OTHER INFORMATION 234 Glossary of engine terms 236 Overview of engines 237 Index 238 List of charts and illustrations 240 Financial calendar / MTU share data 241 Contact MTU Aero Engines develops, manufactures, sells, and maintains commercial and military engines. Its success speaks for itself. In 2015, revenues rose by 13 % to € 4.4 billion, operating profit by 15 % to € 440 million, and net income by 21 % to € 307 million. One factor above all others is crucial to MTU’s suc- cess in the global engine market: the performance of its 8,334 employees. Day in, day out, they give their all to ensure that MTU delivers high-tech products known all over the world and provides services that meet the highest international standards. In doing so, they help keep the company on its growth trajec- tory. MTU’s employees are the engine makers. 2 The engine makers 8,334 keys to success Management, development, production, maintenance – the success of MTU Aero Engines depends on a team of 8,334 experts, who devote their energies to engines in all phases of their lifecycle and at all points in the value chain. The lifecycle of an engine can last as long as an employee’s working life, with 30 years or more passing between the original models and phase-out. MTU employees look after an engine throughout such a lifecycle – devoting their entire careers to it in the process. Their high degree of specialization ensures consistently high quality, from the development and production phases through to maintenance. 3 CENTRAL TASKS IN THE ENGINE LIFECYCLE MANAGEMENT DEVELOPMENT PRODUCTION MAINTENANCE The lifecycle of an aircraft engine can run for more than 30 years. Prior to the development phase, the program management team has already defined the key parameters. In close cooperation with the OEM partners, the program management team defines the key parameters of every new engine program – parameters the developers need in order to do their work. As the development phase progresses, the interaction between the developers and the production team becomes ever closer, the aim being to ensure the smooth ramp-up of series production. At the same time, the maintenance team begins configuring the MRO program for the new engine generation, which will provide an attractive income source over many decades. 4 MANAGEMENT DEVELOPMENT PRODUCTION MAINTENANCE The engine makers in MANAGEMENT The program management team is the nerve center of all of MTU’s engine business activities. The people in control there are at once visionaries and coordina- tors, and their tasks are especially complex when new aircraft engines are to be launched in the market. 5 Control center for engine programs struction business steering? The program managers know the answers to these questions and are responsible for business Engineers, businesspeople, and IT experts – MTU’s program development. They assess the competitiveness of new aircraft, management unit is home to managers and specialists with quite and analyze the opportunities and risks of MTU’s participation diverse qualifications, and for good reason. Program manage- in future engine programs. What is more, these visionaries seek ment is the control center for all new and ongoing engine pro- close contact with the OEMs in order to optimize how MTU de- grams. The people who work there provide input in the design ploys it resources and know-how. and modeling phases; they optimize and coordinate, take part in negotiations and are involved in communication activities. All of From contract to engine construction these are responsible duties, and are occasionally nerve-racking but never boring. Once the decision to participate in a new engine program has been made, the work starts in earnest. Parameters have to be It is the long-term perspective determined and contracts drawn that the program experts find so “Participation in the up. As a rule, several manufac- attractive: they help initiate the turers join forces in a consortium new engine programs that will geared turbofan program to launch a new engine program. shape the working lives of MTU What will MTU’s share in the employees for decades to come. marks a milestone for new program be and what com- MTU. Our task is to ensure ponents will it make? Program A comprehensive knowledge of management finds answers to aviation trends is a basic pre- that MTU remains an these questions in close coope- requisite for this job. What new indispensable partner ration with the other program concepts are aircraft manufac- partners and the responsible de- turers working on? What require- at all times and is partments at MTU, preparing the ments will the engines of the fu- involved in all leading ground for a subsequent decision ture have to meet – especially as by the Executive Board. regards economy, environmental engine programs.” sustainability and statutory com- Even after the contracts have pliance? And what course are Theodor Pregler, been signed, program manage- MTU’s partners in the engine con- Senior Vice President, Commercial Programs ment remains the central point 6 MANAGEMENT DEVELOPMENT PRODUCTION MAINTENANCE Management works closely with program partners and the relevant departments at MTU to prepare the ground for decisions. of contact, whether for external partners and customers, or The geared turbofan – an engineering milestone for queries from within the company on all program-related matters.
Load more

Recommended publications
  • Avitrader Monthly MRO Magazine
    July 2014 - www.avitrader.com FARNBOROUGH SPECIAL Airbus has a field day Company Profile Delta TechOps MRO News from around the world People on the Move latest appointments IBA Analysis Editor‘s Page 2 OEMs out in full force This year’s instalment of Farnborough will no- Al Baker told trade reporters that this trend company is also hoping to conclude a sale to a tably be remembered for the strong presence could lead to manufacturers losing business to Western airline “very soon.” of the aircraft manufacturers representing other OEMs and that airlines rather appreci- every sector from regional to long haul. They ated choice. And of course the mood at Farnborough was were all out to showcase new products and temporarily dampened as news of the Malay- highlight their programme updates. Airbus has responded by saying they (Airbus) sian Airlines MH17 777 trickled in. The whole has “taken the liberty to negotiate a good en- thing has an eerily resemblance to the Iran Air Clearly, Airbus was high on that list with the gine price with Rolls-Royce for all customers 655 incident back in the 1980s. No doubt it’s announcement of the A330neo and the selec- in advance.” another blow to the Malaysian carrier. tion of Rolls Royce as the sole engine supplier. However, not everyone welcomed the news Sukhoi, for the first time brought two SSJ 100 Keith Mwanalushi and the current trend by Airbus and Boeing aircraft as part of the static display. Sukhoi are Editor to offer a single power plant for their new hoping to capture a 20-25% share of the 90 to wide body planes.
    [Show full text]
  • Los Motores Aeroespaciales, A-Z
    Sponsored by L’Aeroteca - BARCELONA ISBN 978-84-608-7523-9 < aeroteca.com > Depósito Legal B 9066-2016 Título: Los Motores Aeroespaciales A-Z. © Parte/Vers: 1/12 Página: 1 Autor: Ricardo Miguel Vidal Edición 2018-V12 = Rev. 01 Los Motores Aeroespaciales, A-Z (The Aerospace En- gines, A-Z) Versión 12 2018 por Ricardo Miguel Vidal * * * -MOTOR: Máquina que transforma en movimiento la energía que recibe. (sea química, eléctrica, vapor...) Sponsored by L’Aeroteca - BARCELONA ISBN 978-84-608-7523-9 Este facsímil es < aeroteca.com > Depósito Legal B 9066-2016 ORIGINAL si la Título: Los Motores Aeroespaciales A-Z. © página anterior tiene Parte/Vers: 1/12 Página: 2 el sello con tinta Autor: Ricardo Miguel Vidal VERDE Edición: 2018-V12 = Rev. 01 Presentación de la edición 2018-V12 (Incluye todas las anteriores versiones y sus Apéndices) La edición 2003 era una publicación en partes que se archiva en Binders por el propio lector (2,3,4 anillas, etc), anchos o estrechos y del color que desease durante el acopio parcial de la edición. Se entregaba por grupos de hojas impresas a una cara (edición 2003), a incluir en los Binders (archivadores). Cada hoja era sustituíble en el futuro si aparecía una nueva misma hoja ampliada o corregida. Este sistema de anillas admitia nuevas páginas con información adicional. Una hoja con adhesivos para portada y lomo identifi caba cada volumen provisional. Las tapas defi nitivas fueron metálicas, y se entregaraban con el 4 º volumen. O con la publicación completa desde el año 2005 en adelante. -Las Publicaciones -parcial y completa- están protegidas legalmente y mediante un sello de tinta especial color VERDE se identifi can los originales.
    [Show full text]
  • Aviation Week & Space Technology
    STARTS AFTER PAGE 38 How AAR Is Solving Singapore Doubles Its Workforce Crisis RICH MEDIA Down on Aviation ™ EXCLUSIVE $14.95 FEBRUARY 10-23, 2020 BRACING FOR Sustainability RICH MEDIA EXCLUSIVE Digital Edition Copyright Notice The content contained in this digital edition (“Digital Material”), as well as its selection and arrangement, is owned by Informa. and its affiliated companies, licensors, and suppliers, and is protected by their respective copyright, trademark and other proprietary rights. Upon payment of the subscription price, if applicable, you are hereby authorized to view, download, copy, and print Digital Material solely for your own personal, non-commercial use, provided that by doing any of the foregoing, you acknowledge that (i) you do not and will not acquire any ownership rights of any kind in the Digital Material or any portion thereof, (ii) you must preserve all copyright and other proprietary notices included in any downloaded Digital Material, and (iii) you must comply in all respects with the use restrictions set forth below and in the Informa Privacy Policy and the Informa Terms of Use (the “Use Restrictions”), each of which is hereby incorporated by reference. Any use not in accordance with, and any failure to comply fully with, the Use Restrictions is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum possible extent. You may not modify, publish, license, transmit (including by way of email, facsimile or other electronic means), transfer, sell, reproduce (including by copying or posting on any network computer), create derivative works from, display, store, or in any way exploit, broadcast, disseminate or distribute, in any format or media of any kind, any of the Digital Material, in whole or in part, without the express prior written consent of Informa.
    [Show full text]
  • Engine Values Book Issue: 20 – March 2020
    Engine Values Book Issue: 20 – March 2020 Member of ISTAT UK CAA Approval No. UK.MG.0622 www.iba.aero Welcome to the 18th edion of IBA’s Engines Values. We have updated it with current views on engine values, lease rates, maintenance costs and maintenance informaon along with market data supported by IBA.iQ, our Online Plaorm which now provides engine values. In this year’s editorial, we must of course recognise the recent and sudden onset of the Covid‐19 pandemic. At the me of wring, we appear to be nearing the peak of daily new cases though much of this remains uncertain with the world’s governments connuing efforts to promote self‐isolaon and quaranne. The aviaon market has seen a steep drop in demand with some operators parking all aircra and others parking up to 80% of their fleet. Future demand levels remain as yet uncertain, but we are monitoring the situaon carefully. Naturally, due to the unclear condions that lie ahead, the market has effecvely been put on hold and as such all quoted values and lease rates provided in this edion refer to the market situaon immediately prior to the Covid‐19 outbreak. The impacts of Covid‐19 will be far reaching, affecng everyday lives of the world’s populaon for several years. IBA spends a great deal of me assessing the relaonship between base and market values, carefully considering short‐, medium‐ and long‐term factors. So, whilst market values can fluctuate, we remain confident in the connuing stability of base values overall. The variables here will typically be the duraon and scale of the soening values, inevitably affecng some markets more than others.
    [Show full text]
  • Engine-Type and Propulsion-Configuration Selections
    Politecnico di Milano University of California, Irvine Space Propulsion Laboratory Mechanical and Aerospace Engineering School of Industrial and Information Engineering Department of Aerospace Science and Technology (DAER) M.Sc. in Aeronautical Engineering ENGINE-TYPEAND PROPULSION-CONFIGURATION SELECTIONS FOR LONG-DURATION UAV FLIGHTS Supervisors: Prof. William A.Sirignano PhD. Prof. Feng Liu PhD. University of California, Irvine Prof. Filippo Maggi PhD. Politecnico di Milano M.Sc. Thesis of: Daniele Cirigliano Id. 838030 Academic Year 2016/2017 Daniele Cirigliano: Engine-type and Propulsion-configuration Selections for Long-duration UAV Flights, A brief dissertation, © 2017 supervisors: Prof. William A.Sirignano PhD. Prof. Feng Liu PhD. Prof. Filippo Maggi PhD. locations: Irvine, California Milano, Italia That you are here — that life exists and identity, That the powerful play goes on, and you may contribute a verse. — Walt Whitman, 1867 to my family ABSTRACT The gas turbine engine efficiency deteriorates dramatically when its size is reduced. This fact limits its use for low-power and long du- ration applications, due to fuel weight. It is conceivable to replace a small scale gas turbine engine with a different power generating tech- nology such as a Diesel engine providing higher efficiency. In this work, comparisons are made for propulsion systems for unmanned flights with several hundred kilowatts of propulsive power at mod- erate subsonic speeds up to fifty hours in duration. The weights of the propulsion system, required fuel, and total aircraft are consid- ered. Gas-turbine engines, two- and four-stroke reciprocating (diesel and spark-ignition) engines, and electric motors (with battery stor- age and/or electric generation) are analyzed.
    [Show full text]
  • The Boeing 777X From
    APRIL-MAY 2020 `100.00 AN SP GUIDE PUBLICATION (INDIA-bASED BUYER ONLY) VOLume 13 ISSue 2 SP’s www.spsairbuz.com RNI NUMBER: DELENG/2008/24198 AN EXCLUSIVE MAGAZINE ON CIVIL AVIATION FROM INDIA WINGS INDIA SPECIAL 2020 VISIT US AT StaLL 7 IN HALL B PAGE 11 GREENER SKIES ENGINE MANUFACTURERS’ INITIATIVES ARE WE AT AIRPORT THE CUSP OF DRONES AS PRIVATISATION & SUPERSONIC THE FUTURE OF MODERNISATION AIRLINERS? TRANSPORT P 7 P 20 P 24 TOMORROW’S MAINTENANCE SOLUTIONS. AVAILABLE TO YOU TODAY. ADVANCING THE PERFORMANCE, RELIABILITY AND HEALTH OF YOUR ENGINES. Pratt & Whitney’s complete EngineWise® service platform combines predictive technologies, tailored solutions and shared expertise to deliver unprecedented levels of support to your fleet. Reducing your costs and providing greater insights – it’s how we help you operate your engines worry-free. EXPLORE OUR DIGITAL SOLUTIONS AT ENGINEWISE.COM PW_AfterMarket_Maintenance_SPsAirbuz.indd 1 2/20/20 2:24 PM Client: Pratt & Whitney - Aftermarket Ad Title: Tomorrow’s Maintenance Filepath: /Volumes/GoogleDrive/Shared drives/Pratt and Whitney 2020/Aftermarket/_Aftermarket Ads /EngineWise_Tomorrow_Advance_Innovative/4c ads/PW_AfterMarket_Maintenance_SPsAirbuz.indd Publication: SP’s Airbuz - April/May Issue #2 Trim: 210 x 267 mm • Bleed: 220 x 277 mm • Live: APRIL-MAY 2020 `100.00 AN SP GUIDE PUBLICATION (INDIA-bASED BUYER ONLY) VOLume 13 ISSue 2 CONTENTS SP’s www.spsairbuz.com RNI NUMBER: DELENG/2008/24198 AN EXCLUSIVE M A G A ZINE ON C IVIL AVIA TION FROM I NDI A WINGS INDIA Cover: SPECIAL 2020
    [Show full text]
  • Aviation Week Aviation Daily, Wednesday, August 5, 2020
    The Business Daily of the Global Scheduled Airline Industry Since 1939 August 5, 2020 AIRLINES Inside: Virgin Atlantic Seeks Bankruptcy Protection In U.S. Court AIRFRAMERS KAREN WALKER, karen.walker@informa.com Third Boeing 777-9 Joins Flight Test Campaign PAGE 3 UK carrier Virgin Atlantic, which is 49% owned by Delta Air Lines, filed for bankruptcy AIRLINES protection in a New York court Aug. 4. EasyJet To Increase Capacity After The move comes just three weeks after Virgin announced a restructuring and financ- Better-Than-Expected Bookings PAGE 4 ing deal that seemed to secure the carrier’s future. Global Capacity Creeps Above 50% Virgin resumed scheduled passenger flights on July 20 after arranging a recapi- Of 2019 Level PAGE 5 talization deal worth around £1.2 billion ($1.5 billion) over 18 months. Shareholders Frontier Airlines Alerts Pilots, Flight Virgin Group and Delta provided around £600 million, including £200 million previously Attendants Of Potential Furloughs PAGE 6 announced by Virgin Group, partially raised from the sale of shares in the Virgin Galactic SUPPLIERS commercial space venture. Pratt & Whitney Lays Off 400 Employees According to Bloomberg, the restructuring plan needed Chapter 15 filing approval to In Singapore Units PAGE 6 ensure creditor support. REGULATORY/LEGISLATIVE Chapter 15 is a relatively new form of bankruptcy protection established in the U.S. in EASA Reminds Airports To Validate 2005 and specifically aimed at cases where the company is based outside the U.S. and Ground-Services Capabilities PAGE 7 operates in multiple countries. But it works in a similar way to Chapter 11, shielding the BANKRUPTCY, P.
    [Show full text]
  • Shownews Farnsborough Day 1
    D A Y 1 AVIATION WEEK & SPACE TECHNOLOGY / AIR TRANSPORT WORLD / SPEEDNEWS July 11, 2016 Farnborough Airshow ADS Wants Brexit Response Association demands “bold” action on situation. PAGE 4 Boeing Says Come on Over With AW&ST celebrating 100 years too. PAGES 12-13 Get Moving on MOM! Airlines demand new “middle- of-the-market” jet. PAGE 14 Boeing: Dennis Muilenburg C Series Flies to “Our future is not guaranteed.” PAGES 24-26 Impress the Press Airbus: Fabrice Brégier Brexit impact and the A320neo. Bombardier flew no fewer than three trips for the world’s press yesterday, just days before the first C Series enters service with SWISS. Watch video of one of the flights on aviationweek.com/shownews/farnborough-airshow-2016/videos. PAGES 28-30 Curado Looks at His Decade Boeing to Boost KC-390 Sales Embraer has become a genuine global powerhouse. PAGE 32 Embraer’s sales drive for the KC-390 multi-role an existing cooperative agreement to “pursue transporter, which is making its first appear- new business opportunities, both for the air- GE Sees an Electric Future ance here at Farnborough, is set for a dramatic craft itself and for aircraft support and sustain- boost following the announcement that Boeing ment.” The new deal is broader in both scope Disruptive technologies and supply-chain changes. PAGE 40 and the Brazilian manufacturer are expanding and geographical reach. —Page 6 P&W Sees a Business Boom Busiest expansion phase in two decades. PAGE 42 F-35’s UK Beneficiaries BAE, EDM, GKN, Leonardo, Rolls, Stirling all do well.
    [Show full text]
  • Commercial Engines Turbofan Focus 2016
    COMMERCIAL ENGINES TURBOFAN FOCUS 2016 IN ASSOCIATION WITH More than 10,500 engines ordered and now delivering to Demand. customers worldwide, on schedule. The architecture of reliability. cfmaeroengines.com And supplied. CFM International is a 50/50 joint company between GE and Safran Aircraft Engines PERFORMANCE | EXECUTION | TECHNOLOGY MORE TO BELIEVE IN FlightGlobal | 3 C37571.015_CFM_DEMAND_FlightInt_Jul16_267x197_v1.indd 1 24/06/2016 17:08 COMMERCIAL ENGINES 2016 CONTENTS ENGINE EVENTS Memorable recent events 4 What to watch for the future 4 ENGINE ANALYSIS How engine market share battles are playing out 5 How GTF and Leap are shifting to operational mode 7 Engine selection trends on the A320neo 9 Can China and Russia threaten the single-aisle duopoly? 11 AT A GLANCE Commercial engines: manufacturer market share 14 Engine market share by market group 15 Airliner turbofan engines: production timeline 16 Engine options by commercial aircraft 17 Commercial aircraft by engine type 18 COMMERCIAL ENGINE MANUFACTURERS AND TYPES Aviadvigatel 19 ACAE 21 CFM International 22 Engine Alliance 26 General Electric 28 International Aero Engines 33 Powerjet 35 Pratt & Whitney 37 Rolls-Royce 42 ENGINE CENSUS Operator listing by commercial engine type 47 The information contained in our databases and used in this presentation has been assembled from many sources, and whilst reasonable care has been taken to ensure accuracy, the information is supplied on the understanding that no legal liability whatsoever shall attach to FlightGlobal, its offices,
    [Show full text]
  • Commercial Engines 2013
    SPECIAL REPORT COMMERCIAL ENGINES 2013 IN ASSOCIATION WITH Sponsor Advert LEAP year We’re writing to confirm a date we made with our customers in 2008. The first LEAP engine will begin testing this autumn. Right on schedule. Just like our last 21 engines. Adjust your calendars, we’ve made this a LEAP year. Go to cfmaeroengines.com See the LEAP engine come to life. Get the CFM LEAP app NOW. CFM International is a 50/50 joint company between Snecma (Safran) and GE. Superior performance | Lower cost of ownership | Greater reliability MORE TO BELIEVE IN Flightglobal Insight | 3 C31925.029_CFM_CALENDAR_CommEngRep_17June_267x197_v1.indd 1 06/06/2013 15:02 COMMERCIAL ENGINES 2013 FOREWORD So far so good is probably the best way to summarise progress on engine for the A320neo family. The PW1100G – which has entered key commercial engine programmes during the past 12 months. flight testing – was designed with a variable area fan nozzle, but Prospects for the long-term profitability of many of the world’s P&W has decided this can be removed to “make the engine lighter airlines rest on the ability of CFM International and Pratt & Whitney and less complex”. to deliver the powerplants that should enable the next generation of narrowbodies to provide a step-change improvement in operating In the widebody sector, the prototype Airbus A350 XWB had its Rolls- economics. Royce Trent XWB engines installed and was expected to fly for the first time by the end of June 2013. The recent grounding of the latest Choosing the right engine may never have been more important – widebody twinjet to enter airline service - Boeing’s 787 - means the or harder – than with the Airbus A320neo family.
    [Show full text]
  • Jet Engines-Powering Modern Airplanes
    Jet Engines-Powering Modern Airplanes Jim Rauf OLLI WOW June 26, 2019 1 Jet Engines—the Power of Flight • Introduction • Aircraft Propulsion • Wright brothers to WW II-piston engines/propellers • WW II and inventions of the jet engine • Jet engines-how they work • Post war jet engine development-led by the military • The first commercial jet engine powered aircraft-the Comet • 707 and JT3D change the airline industry • Concorde SST • Development of increased jet engine efficiency • Jet engine configurations • Reliability-ETOPS • Some current jet engines-military and commercial • Some next generation jet engines-military and commercial • Future jet engine concepts OLLI WOW June 26, 2019 2 Introduction-Newton’s Laws of Motion 1st 2nd 3rd OLLI WOW June 26, 2019 3 Aircraft Propulsion-Propeller OLLI WOW June 26, 2019 4 Wright brothers to WW II-piston engines/propellers • In 1903, the Wright Brothers flew, The Flyer, with a 12 horse power four cylinder gasoline fueled piston engine • From 1903, the year of the Wright Brothers first flight, to the late 1930s the gasoline fueled reciprocating internal-combustion engine with a propeller was the sole means used to propel aircraft P51 Mustang 1942 DC3 airline introduction 1936 OLLI WOW June 26, 2019 5 Jet Engines-Early History • Frank Whittle of the UK and Hans von Ohain of Germany are credited with inventing the jet engine • Whittle’s 1930 patent shows a compressor with two axial stages followed by a centrifugal stage, an axial cannular combustor with fuel nozzles and a two stage axial turbine. • Whittle had great difficulty in getting support to pursue his revolutionary invention.
    [Show full text]
  • La Centralità Della Relazione Transatlantica Tra Italia E Stati Uniti
    15 Est. 19 LA CENTRALITÀ DELLA RELAZIONE TRANSATLANTICA TRA ITALIA E STATI UNITI PER IL SETTORE AEROSPACE & DEFENSE Gruppo di Lavoro Aerospace & Defense White Paper 15 Est. 19 LA CENTRALITÀ DELLA RELAZIONE TRANSATLANTICA TRA ITALIA E STATI UNITI PER IL SETTORE AEROSPACE & DEFENSE Gruppo Di Lavoro Aerospace & Defense White Paper American Chamber of Commerce in Italy 15 Est. 19 15 Est. 19 INDICE INTRODUZIONE..........................................................................................................................................1 EXECUTIVE SUMMARY .......................................................................................................................... 2 1. CAPITOLO 1: DINAMICHE E TENDENZE DEL MERCATO ................................................. ..4 1.1. LA RELAZIONE TRANSATLANTICA ............................................................................................. 4 1.2. IL MERCATO CIVILE .........................................................................................................................................5 1.2.1. PANORAMICA DI MERCATO ....................................................................................................................5 1.2.2. OUTLOOK DEL MERCATO COMMERCIALE .......................................................................................6 1.3. IL MERCATO DELLA DIFESA ........................................................................................................................8 1.3.1. PANORAMICA DI MERCATO ....................................................................................................................8
    [Show full text]