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New Lufthansa Technik Aircraft Overhaul Site in Puerto Rico for Short/Medium-Haul Aircraft

       New Lufthansa Technik Aircraft Overhaul Site in Puerto Rico for
                          Short/Medium-Haul Aircraft

Workforce of up to 400 / First layover 2015

PR Newswire

HAMBURG, Germany, April 10, 2014

HAMBURG, Germany, April 10, 2014 /PRNewswire/ --



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.

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 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 holds the position of Managing Director
at the European overhaul facility Lufthansa Technik Budapest.

"We are very grateful to establish with our partner a new overhaul facility in
Puerto Rico. Lufthansa Technik Puerto Rico will be a 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
advantages."

"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."

Lufthansa Technik has already the firm commitments of two major American
launching customers for overhauls at the new site. One is JetBlue Airways.
"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."

Puerto Rico has a high potential of motivated and 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.

Media Conference Call today at 2:30pm Washington time

Puerto Rico Governor Garcia Padilla and Dr. Thomas Stueger, Member of the
Executive Board of Lufthansa Technik AG will be joined by Commerce Secretary
Penny Pritzker for a media conference call to discuss the agreement in more
detail:

Toll Free Number: 1.800.434.1335

Direct Dial Number: 1.404.920.6442

Conference Code: 984389#

Lufthansa Technik:

The Lufthansa Technik Group, with more than 30 subsidiaries and about 26,000
employees worldwide, is one of the leading providers of services for the
aviation industry. Lufthansa Technik is licensed internationally as a repair,
production and development enterprise. The Group's portfolio encompasses the
entire spectrum of services in the areas of maintenance, repair, overhaul,
modification and conversion, engines and components.

Contact
Lufthansa Technik AG
Corporate Communications
Weg beim Jaeger 193
22335 Hamburg, Germany
Phone +49-40-5070-3667
Fax +49-40-5070-8534
press.pr@lht.dlh.de
http://www.lufthansa-technik.com/media

SOURCE Lufthansa Technik AG
 
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