9 May 2019: The Government of the Republic of Serbia and MTU Aero Engines AG has signed a Memorandum of Understanding (MoU) with regard to the company's intention to set up a new industrial site in Serbia today. The Serbian government fully supports this new venture, which will probably be located in the Belgrade region. As the negotiations are ongoing, a decision regarding a specific location has not yet been made. MTU plans to widen its current network with a dedicated parts repair facility. MTU decided in favour of Serbia as the home of this growth project, after a carefully considered selection process including sites across Europe.
"We welcome the general decision of MTU to rely on Serbia for this major investment," said Aleksandar Vucic , Serbian President. "Serbia provides all necessary resources as well as highly skilled and motivated people, which are keen to strengthen our country's footprint in the global aviation industry."
"The commercial MRO business is increasing continuously and the new repair facility will be a key component of our growth strategy. Establishing additional capacity in Serbia will best position MTU to provide competitive services to the global market," said Michael Schreyogg, Chief Program Officer, MTU Aero Engines. "We strongly believe in the capabilities available in the country. Our site will form the core of a future aerospace cluster, promoting the need for vocational training and the development of high-tech aerospace competences. We are confident we will successfully conclude our current negotiations and become a valuable industrial player in Serbia."