Thursday, April 27, 2017

MTU Aero Engines beats forecasts thanks to maintenance division

BERLIN, April 28 (Reuters) - German aircraft engine maker

MTU Aero Engines reported a better than expected 19.6

percent rise in first quarter profit, driven by its business

maintaining commercial jet engines.

The company, whose customers include planemakers Boeing

, Airbus and Bombardier, reported

adjusted earnings before interest and tax (EBIT) of 157 million

euros ($170.6 million), against average analyst expectations

for 140 million euros.

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