Lufthansa Technik and Puerto Rico Announce New Aircraft Overhaul Site on Island

   Lufthansa Technik and Puerto Rico Announce New Aircraft Overhaul Site on

New hangar at Aguadilla airport for short and medium haul aircraft services
will expand Puerto Rico's aerospace industry and create high-skill jobs

TODAY: Media call on the announcement at 2:30PM ET, details below

PR Newswire

WASHINGTON, April 10, 2014

WASHINGTON, April 10, 2014 /PRNewswire-USNewswire/ -- Today, Lufthansa Technik
and the Commonwealth of Puerto Rico announced an agreement to create a new
aviation maintenance, repair and overhaul ("MRO") facility in Puerto Rico,
which will service short-haul and medium-haul aircraft. Agreements to this
effect have now been signed with the government of Puerto Rico and the
responsible port authority and the company plans to start work in the next
three months on the construction of the new facility.

"We are very grateful to establish with our partner a new overhaul facility in
Puerto Rico. Lufthansa Technik Puerto Rico will be a very important element in
the long-term strategy of Lufthansa Technik's presence in the American
market," said August Wilhelm Henningsen, CEO of Lufthansa Technik.

"This exciting partnership with Lufthansa Technik will create hundreds of
high-skilled jobs and will be a cornerstone of the aviation industry we are
developing in Puerto Rico," said Alejandro García Padilla, Governor of Puerto
Rico. "With its decision to locate this facility in Puerto Rico, Lufthansa
Technik joins a growing list of international companies that are investing in
Puerto Rico in recognition of our favorable business climate and geographical

"What companies like Lufthansa are realizing is there has never been a better
time to invest in the United States," said U.S. Commerce Secretary Penny
Pritzker. "With assistance from our SelectUSA team, we were able to assist
communities in Puerto Rico that are ready for investment, and – across the
globe – help a great company, Lufthansa, invest in the United States. By
helping build strong partnerships like this one, we are able to create jobs,
spur economic growth, and promote American competitiveness around the world."

This is a major new step for Lufthansa Technik to expand its involvement in
America. The new company, Lufthansa Technik Puerto Rico (LTPR), will be based
at Rafael Hernández International Airport in Aguadilla, a former U.S. Air
Force Base located on the northwest of the Island. The Airport's 11,700-foot
runway and 3,900 acres of land makes it an ideal location for the new

The company will employ up to 400 workers and run a total of five overhaul
lines. Initially it will operate two lines for Airbus A320 C-checks and
D-checks. The first layover is due to take place in 2015. Leader of the
project is Elmar Lutter, who currently is Managing Director of the European
overhaul facility Lufthansa Technik Budapest.

Lufthansa Technik has received commitments from two major American launching
customers for overhauls at the new site – one of which is JetBlue. "This is
very exciting news for Lufthansa Technik, the Commonwealth of Puerto Rico, and
for JetBlue as well," said JetBlue CEO Dave Barger. "As the largest airline
serving the people of Puerto Rico, we are honored to support and endorse
Lufthansa Technik's plans to build a heavy maintenance base in Aguadilla, and
we are very happy to be one of the first airlines to be serviced there when it
opens. The people of Puerto Rico, led by Governor Garcia Padilla, will benefit
from this investment with job creation and an economic boost to the region.
JetBlue is better served as well, with an additional heavy maintenance
business partner located in the Caribbean, where approximately 30% of our
network operates. We wish Lufthansa Technik well and we look forward to
opening the facility."

Puerto Rico has a high potential of motivated and extremely well-trained
aircraft mechanics and engineers. A dedicated technical school is currently
training 100 people in these skills. In addition Lufthansa Technik is
committed to training additional personnel through its subsidiary, Lufthansa
Technical Training, in partnership with the University of Puerto Rico and the
Commonwealth's Department of Education.

The deal between Lufthansa Technik and Puerto Rico expands the Island's
footprint in the aerospace industry, creating high-skill jobs in a fast
growing sector of the world's economy. So far, the Island's engagement with
that sector has been centered in software development operations through
partnerships with companies including, Honeywell, Infotech, Lockheed-Martin,
ESSIG Research, Florida Turbine and Axon. The selection of Puerto Rico offers
an opportunity for Lufthansa Technik to expand its presence in the critical
American market and also take advantage of the large talent pool of engineers
and aircraft mechanics produced by Puerto Rico.

At 2:30pm ET today, Puerto Rico Governor Garcia Padilla and Dr. Thomas
Stueger, Member of the Executive Board of Lufthansa Technik AG and Chief
Executive Product, Services and IT, Lufthansa Technik AG will be joined by
Commerce Secretary Penny Pritzker for a media conference call to discuss the
agreement in more detail. Please contact Gabriela Melendez at or 202-464-6964 for the conference call information.

About Lufthansa Technik:
The Lufthansa Technik Group, with more than 30 subsidiaries and associates and
over 26,000 employees worldwide, is one of the leading
manufacturer-independent providers of technical services for the aviation
industry. Its portfolio encompasses the entire spectrum of services for
commercial aircraft: maintenance, repair, overhaul, modification and
conversion, engines and components.

SOURCE Lufthansa Technik; Commonwealth of Puerto Rico

Contact: Lufthansa: Bernd Habbel,, +49-40-5070-3667;
Puerto Rico: Jesús Manuel Ortiz,, 787-579-2231
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