Business Wire

FL-CTS-ENGINES/ENGINE-AL

24.5.2023 14:01:25 CEST | Business Wire | Press release

Share
Engine Alliance Selects CTS Engines to Provide MRO Engine Services for the GP7200

CTS Engines (CTS) announces they have been selected to provide MRO services for Engine Alliance (EA) on the GP7200 turbofan jet engine. EA is a 50-50 joint venture between Pratt & Whitney and General Electric for the development, production, and service of the GP7200. The GP7200 is the premier engine for the A380 aircraft as it combines the reliability and ingenuity of the PW4000 and GE90 engines while providing the most fuel-efficient and quietest powerplant for the A380.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230524005295/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Engine Alliance selects CTS Engines to provide MRO Engine Services for the GP7200 (Graphic: Business Wire)

“In 2019, Engine Alliance changed its operational focus to aftermarket services and customer support. The partnership with CTS will help us meet our customers’ high expectations,” said Amy Johnston, President of EA. “CTS leadership team provides a unique perspective that comes from years of experience at airlines, MRO shops, and the OEMs, and we are confident CTS will deliver the results our airline customers require,” stated Johnston.

“We are excited to partner with EA to provide MRO services for the GP7200. This is a fantastic opportunity for us to learn the best practices from the world’s greatest engine companies while also delivering world-class quality, reliability, and turnaround time,” said Vesa Paukkeri, Chief Executive Officer of CTS.

About CTS Engines

CTS Engines is a global leader in mature engine maintenance, rethinking business as usual. Based in Fort Lauderdale, FL, CTS Engines is an independent MRO providing complete maintenance, repair, overhaul, and testing services to owners and operators of mature wide-body aircraft engines. We proudly support a wide range of both commercial and military customers. Since 2002, CTS Engines has built its reputation on the ability to provide its customers with high-quality, cost-effective solutions for engine maintenance. Our mission is to keep our customers’ mature engines flying longer and more reliably than any other MRO in the world.

About Engine Alliance

Engine Alliance (EA) is a 50-50 joint venture of GE (NYSE:GE) and Pratt & Whitney (P&W), a Raytheon Technologies business (NYSE:RTX). Revenue-sharing partners include MTU Aero Engines of Germany, SAFRAN Aero Boosters of Belgium and SAFRAN Aircraft Engines of France. EA manufactures and services the quietest, most reliable and most fuel-efficient powerplant for the A380, the GP7200.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230524005295/en/

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com
DK

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

SBC Medical Group Holdings Announces First Quarter 2026 Financial Results14.5.2026 12:30:00 CEST | Press release

SBC Medical Group Holdings Incorporated (Nasdaq: SBC) (“SBC Medical” or the “Company”), a Medical Services Organization providing management support across a wide range of healthcare fields, today announced its financial results for the three months ended March 31, 2026. First Quarter 2026 Highlights Total revenues were $43 million, representing a 9% year-over-year decrease. Net income attributable to SBC Medical Group Holdings Incorporated was $11 million, representing a 47% year-over-year decrease. Net income margin was 26% for the first quarter of 2026, representing a year-over-year decrease of 19 percentage points. Earnings per share, which is defined as net income attributable to the Company divided by the weighted average number of outstanding shares, was $0.11 for the three months ended March 31, 2026, representing a 48% year-over-year decrease. EBITDA1, which is calculated by adding depreciation and amortization expense to income from operations was $18 million, representing a

Compass Pathways to Participate in RBC Capital Markets Global Healthcare Conference on May 19-20, 202614.5.2026 12:30:00 CEST | Press release

Compass Pathways plc (Nasdaq: CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that management will attend the RBC Capital Markets Global Healthcare Conference on May 19-20, 2026 and will participate in a fireside chat on May 19 at 10:00am ET. A live audio webcast of this event will be accessible from the “Events” page of the Investors section of the Compass website. A replay of the webcast will be accessible for 30 days following each event. About Compass Pathways Compass Pathways plc (Nasdaq: CMPS) is a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health. We are motivated by the need to find better ways to help and empower people with serious mental health conditions who are not helped by existing treatments. We are pioneering a new paradigm for treating mental health conditions focused on rapid and durable responses through the development of

FPT Strengthens Bavarian Presence with New Munich Office, Accelerating AI Transformation14.5.2026 11:13:00 CEST | Press release

Global technology corporation FPT officially cut the ribbon on its latest office in Germany. This milestone reinforces the company's long-term commitment to delivering AI-driven services to its growing customer base across Germany and the wider European market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514689341/en/ The inauguration ceremony was attended by H.E. Mr Nguyen Dac Thanh, Ambassador of Vietnam to Germany, alongside representatives from the local government, FPT executives, and key partners. Situated in one of Europe’s most dynamic technological and manufacturing hubs, the Munich office strengthens FPT’s delivery capabilities and enables faster, more scalable engagement across the region. The move underscores the company’s strategic focus on investing in key innovation hubs to meet rising demand for AI transformation and accelerate time-to-value for clients. "Our expanded presence in Munich allows us to sta

Reply Launches Model Factory, the Production Line for Creating Industrial-Grade Generative AI Models14.5.2026 10:00:00 CEST | Press release

Reply [EXM, STAR: REY] announces Reply Model Factory, an industrial production line for buildingfrontier generative AI modelsgrounded in corporate knowledge and designed to power AI systems and agents aligned with each organisation’s operational context. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514524231/en/ Reply Model Factory is an industrial production line for building frontier generative AI models grounded in corporate knowledge and designed to power AI systems and agents aligned with each organisation’s operational context. AI models are often built to operate across a wide range of tasks, drawing largely on public data. Enterprises, however, rely on internal knowledge: technical standards, regulatory requirements, operating procedures, proprietary systems and domain expertise. Reply Model Factory addresses this gap by enabling organisations to train models that understand their own context and operate consist

Stitch Raises $25M Series A Led by Andreessen Horowitz14.5.2026 09:00:00 CEST | Press release

In a16z’s first investment in the GCC, the Riyadh-based fintech positions itself as the unified infrastructure layer for financial institutions worldwide Stitch, the operating system built for modern financial institutions, today announced it has raised $25 million in Series A funding led by Andreessen Horowitz (a16z). The investment marks a16z’s first in the GCC and brings Stitch’s total funding to $35 million. In addition to a16z, existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC also participated in the round. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514070694/en/ Mohamed Oueida - Founder & CEO, Stitch (Photo: AETOSWire) Despite spending over $1 trillion on digital transformation in the last three years, most financial institutions are still running on the same fragmented, legacy infrastructure that has defined the sector for decades. Globally, banks spend $700 billion a year on technology

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye