DaimlerChrysler has approved the sale of MTU Aero Engines to US investor Kohlberg Kravis Roberts (KKR), and expects to complete the $1.7 billion deal by year-end. The DaimlerChrysler subsidiary will continue its programmes as before, including close co-operation with Pratt & Whitney. MTU employs 8,300 and had revenues of about $2.6 billion last year, 80% from civil business. Germany's government says it hopes KKR will float MTU on the stock market.
Source: Flight International
Taiwanese carrier EVA Air has chosen GE Aerospace GEnx engines to power four incoming Boeing 787-10 widebodies.
The UK-based firm is working to develop hydrogen fuel cell systems for military and surveillance drones and high-performance cells for Part 23 and electric vertical take-off and landing (eVTOL) aircraft.
Cranfield Aerospace Solutions (CAeS) has confirmed a one-year delay to the entry into service for its fuel cell powertrain modification for the Britten-Norman BN2 Islander.
