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
US regulator the Federal Aviation Administration (FAA) will take no immediate action to address a smoke-related issue involving the CFM International Leap-1B engines that power the Boeing 737 Max.
The engine-maker says the successful demonstration involved a GE Aerospace CT7 turboshaft engine combined with internally-produced electric machine and power electronics.
GE Aerospace in 2025 plans to use two of the world’s fastest computers, both at US-government-funded research facilities, to study how its open-fan engine concept will integrate with an aircraft’s wings and other structures.
