The present paper summarizes our progress in establishing a novel production technology for -TiAl components to be used in advanced aircraft engines. In the beginning the main emphasis is put on the design of a -TiAl based alloy which exhibits excellent hot-workability. Then, the development of a “near conventional” hot-die forging route for this type of intermetallic material is described. Finally, the effect of two-step heat-treatments on the microstructure and the mechanical properties is discussed. Because of the small “deformation window” hot-working of -TiAl alloys is a complex and difficult task and, therefore, isothermal forming processes are favoured. In order to increase the deformation window a novel Nb and Mo containing -TiAl based alloy (TNM TM alloy) was developed, which solidifies via the β-phase and exhibits an adjustable β/B2-phase volume fraction. Due to high volume fractions of -phase at elevated temperatures the alloy can be hot-die forged under near conventional conditions, which means that conventional forging equipment with minor and inexpensive modifications can be used. Examples for the fabrication of -TiAl components employing a near conventional forging route are given. With subsequent heat-treatments balanced mechanical properties can be achieved. The results of tensile and creep tests conducted on forged and subsequently heat-treated TNM TM material are presented.