MTU CEO says tariffs in plane manufacturing sector would harm US companies

MTU Aero Engines AG

19/02/2025 08:49

MUNICH, Feb 19 (Reuters) - The chief executive of German
engine maker MTU Aeros said on Wednesday tariffs on plane
manufacturing would initially harm U.S. companies, including
airlines.
    "Aviation is an oligopoly. The largest manufacturers of gas
turbines - GE and Pratt & Whitney - are U.S. companies. Tariffs
would first hurt the competitiveness of U.S. companies, and also
U.S. airlines," CEO Lars Wagner said.

 (Reporting by Alexander Huebner, Writing by Rachel More,
Editing by Madeline Chambers)
 ((rachel.more@thomsonreuters.com;))