MTU Maintenance has opened an office in the heart of the aviation leasing hub Singapore. The new office is located in the Central Business District. Luc Morvan has taken on the role of chief representative of MTU Maintenance’s activities in Singapore. He will be responsible for building up business in the Asia-Pacific region.
“This move is a natural next step in our global yet local growth strategy and enables us immediate proximity to the aviation and leasing scene in Asia,” says Martin Friis-Petersen, senior vice president MRO Programs, MTU Aero Engines. “This availability and closeness will enable us to efficiently and directly serve the community with excellent, lessor-oriented MRO solutions.”
According to industry forecasts, by 2029, around 40 percent (today: 23 percent) of the world’s fleet will be operating in the Asia-Pacific region, a large proportion of which on lease. Additionally, 2,000 aircraft are expected to be retired in Asia in the next ten years. “We are ideally placed to support the large maturing and migrating fleets. Our intelligent and creative transition and exit strategies mitigate risk for lessors and operators up to and during phase-out,” explains Morvan. “Furthermore, the move also enables us to ensure 24/7 technical engine asset management services for all customers.”