TAM extends V2500 maintenance agreement with MTU Maintenance Hannover
Brazilian airline TAM Linhas Aéreas S/A has placed a follow-on contract to an agreement it originally concluded with MTU Maintenance Hannover back in 1999.
Under this new agreement, the company will provide maintenance services for another 57 V2500 engines powering the carrier's A320-family aircraft, in addition to the 84 engines covered by the earlier agreement. The exclusive contract runs until mid-2019 and will generate over 500 million Euros (700 million U.S. dollar) in additional revenues.
Dr. Stefan Weingartner, MTU Aero Engines President and CEO, Commercial Maintenance, explained: "TAM, the largest regional airline in South America, is one of our most important customers. Over the course of the past ten years, we have succeeded in fully satisfying TAM with the high-quality services and flexibility that are the hallmark of MTU Maintenance. I'm very pleased that TAM has decided to continue its partnership with MTU."