This year marks a decade since MTU Maintenance, made its foray into the leasing and asset management business. In 2013, MTU Maintenance Lease Services B.V. started out as joint venture between MTU Aero Engines and Sumitomo Corp. – with three employees and a handful of engines.

In the following years, as the scope of the business grew by services such as asset and material management, the company opened offices in Dublin and Singapore to have a wider reach and closer integration with the aircraft leasing community. Since 2021, it is fully owned by MTU and not only boasts a lease pool of more than 100 engines, but the team also offers technical asset management services such as fleet management, technical advisory, transition solutions, logistics and exit strategies for asset owners and engine operators.

Patrick Biebel, who took on the Managing Director role in 2021, says the success of the company goes beyond the robust commercial growth over the years. It is more about setting up a global player in the engine leasing business with an identifiable brand and a reputation for innovative solutions.

“Our continuously growing team is marked by great entrepreneurial spirit, agility and a strong sense of personal responsibility for the work,” Biebel says. “That creates a professional environment where everyone proactively and happily engages in the success of the business.”

Biebel adds that having a tight-knit team, in combination with MTU Maintenance’s technical expertise and MTU Aero Engine’s financial backing , gives the company a rare edge in the market. “It is no secret that aviation is facing many challenges nowadays, and in this ever changing environment, customers need assurance and steadiness in their service partners,” Biebel says, adding that creative solutions and a willingness to disrupt the traditional ways of doing business are needed now more than ever. “MTU Maintenance, with its broad service portfolio, makes a point of the fact that our customers can rely on a single source to get fully tailored solutions, whatever the need may be.”

Coinciding with the anniversary, the Amsterdam-based team moved to a brand-new office space at the city’s World Trade Center in order to accommodate future growth of the company. According to Martin Friis-Petersen, the company’s first Managing Director and current SVP of MRO Programs at MTU Aero Engines, the future looks bright for the leasing arm of the MRO service provider. The market demand for lease engines, especially in North America and Asia, is growing stronger following the recovery in long-haul air traffic.

“Knowing personally what it took to get it up and running, it is a real pleasure to see how far this business has come and the potential it shows for the future,” Friis-Petersen says. “So it seems only fitting that the team would start the next phase in a brand-new environment as a symbol of what is yet to come.”