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MTU Maintenance signs CF6-80C2 and GE90-110B contracts with Atlas Air Worldwide subsidiaries

Hannover, July 31, 2019 – MTU Maintenance, the global leader in customized solutions for aero engines, and long-term partner Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., recently signed a seven-year extension of their CF6-80C2 contract. The contract builds on over 15 years collaboration between the two companies and includes maintenance, repair and overhaul coverage of over 200 engines powering Atlas Air’s B747 and B767 fleets, as well as engine trend monitoring. It incorporates numerous elements of MTU Maintenance’s SAVEPlus offering, one of the MTUPlus intelligent solutions and a product dedicated to reducing cost through smart strategies for mature engines.

Additionally, MTU Maintenance is the exclusive service partner for Atlas Air Worldwide subsidiary Southern Air, Inc.’s entire fleet of B777 cargo airplanes, powered by GE90-110B engines. The agreement runs for 12 years and includes full support, including lease engines.

Atlas Air Worldwide (Nasdaq: AAWW) is a leading global provider of outsourced aircraft and aviation operating services for several airlines. It is the parent company of Atlas Air, Southern Air and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Its companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional and international cargo and passenger operations.

MTU Maintenance is the global leader in customized solutions for aero engines. It has close to 40 years of engine MRO experience on over 30 engine models – including CF6 and GE90 engines -- and performs over 1,000 shop visits per year at its worldwide locations. MTU Maintenance is the number one independent service provider for CF6-80C2 and GE90-110/-115B engines, which the company has been servicing since 1989 and 2010 respectively.

About MTU Aero Engines

MTU Aero Engines AG is Germany's leading engine manufacturer. The company is a technological leader in low-pressure turbines, high-pressure compressors, turbine center frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30 percent of today’s active aircraft in service worldwide have MTU components on board. In the commercial maintenance sector the company ranks among the top 5 service providers for commercial aircraft engines and industrial gas turbines. The activities are combined under the roof of MTU Maintenance. In the military arena, MTU Aero Engines is Germany's industrial lead company for practically all engines operated by the country's military. MTU operates a network of locations around the globe; Munich is home to its corporate headquarters. In fiscal 2018, the company had a workforce of some 10,000 employees and posted consolidated sales of approximately 4.6 billion euros.