Skip to main content
GE Digital
Aviation

MTU Maintenance applies GE’s blockchain to release unsettled cash

$ 10 MM

Released unsettled cash

Introduction

Company

MTU Maintenance

Industry

Aviation

Product Categories

Emerging Technology

Challenge

MTU Maintenance is an established global player in the MRO industry. We worked with a division of $4.6 B leading engine manufacturer MTU Aero Engines. GE Aviation and MTU Aero Engines have a revenue-share partnership on CF6 and GE90 engines.

Solution

  • Blockchain workflow to create visibility and accountability over each reconciliation step

 

  • Consistent, parallel workflows at GE and MTU with complete visibility and single source of truth at each step

 

  • Solution to retain payment history and settle volume rebate discrepancies in real-time

 

Results

Our blockchain collaboration with GE helped us release more than $10 MM in unsettled cash in revenue sharing reconciliation. We benefitted significantly from GE’s expertise in this area and look forward to seeing what happens next.

Kornelia Kremer - Procurement Manager MRO, MTU Maintenance

  • Avoided months of volume rebate reconciliation and improved team productivity

 

  • Released significant unsettled cash to the tune of $10 MM

 

Putting Aviation data to work

Putting aviation data to work
Putting aviation data to work
Watch the Video

GE Digital puts aviation data to work to produce insights that enable customers to enhance operator safety and efficiency, reduce operational disruptions, improve passenger experience, and make better decisions regarding real-time fleet health.  

How can we help you with your challenges in aviation?