January 27, 2015 2:09 PM ET

Aerospace and Defense

Company Overview of Lufthansa Technik AG

Company Overview

Lufthansa Technik AG provides maintenance, repair, overhaul (MRO), and modification services for the civil aviation industry worldwide. The company offers aircraft services including maintenance management, line maintenance, C-checks and annual visits, overhaul and modification, painting, and maintenance support; and engine services comprising repair and overhaul, auxiliary power unit, engine parts and accessories repair, and engine assessment services. It also provides total material operations, total component support, total component maintenance, single component maintenance, airframe related component, marking, and breaks and wheels overhaul services, as well as landing gear services. Ad...

Weg beim Jaeger 193

Hamburg,  22335

Germany

Founded in 1994

Phone:

49 40 5070 0

Fax:

49 40 5070 8331

Key Executives for Lufthansa Technik AG

Chairman of the Executive Board
Age: 63
Head of Finance and Member of the Executive Board
Age: 60
President and Chief Executive Officer of Lufthansa Technik Philippines Inc.
Chief Executive Officer of Lufthansa Technik Malta
Chief Executive Products
Age: 58
Compensation as of Fiscal Year 2014.

Lufthansa Technik AG Key Developments

Aeroflot Russian Airlines and Lufthansa Technik Conclude Long-Term Agreement

Aeroflot Russian Airlines and Lufthansa Technik AG have concluded a long-term agreement for the provision of maintenance and repair services, or MRS, of aircraft components to the Russian aviation company on improved conditions. Lufthansa Technik became the winner of the tender for selecting a MRS supplier for aircraft components to all companies of Aeroflot Group. The new ten-year-long agreement will be valid from January 2015. It supersedes the contract that currently exists between the two companies. Due to effective management of material assets, unique quality and constant innovation of repair work, as well as individual approach to the service of customers based on the volume of work, Lufthansa Technik was able to offer the Russian partner the most beneficial conditions of cooperation.

Moog Inc. and Lufthansa Technik Sign Contract

Moog Inc. and Lufthansa Technik jointly announced that they have signed a contract making Lufthansa Technik an authorized service provider for Moog's flight control products on both the Boeing 787 and the Airbus A350 aircraft. Moog is the original equipment provider for both primary and high lift flight control actuation systems on the 787 and the primary flight control actuation and trailing edge actuation system on the A350. Lufthansa Technik's component division already plays a major role in supporting the 787 for multiple customers and is preparing for the entry into service of the A350 for other customers. This agreement allows Lufthansa Technik to directly offer its customers MRO services specifically related to Moog's 787 and A350 products.

Lufthansa Technik AG Announces Board Changes

Lufthansa Technik AG appointed Antonio Schulthess as new Chief Executive Human Resources. On 15 March, 2015, Schulthess will take over the position from Dr. Johannes Bussmann, who is replacing August Wilhelm Henningsen as Chairman of the executive board. On this date, Henningsen is retiring. Between 2005 and 2011, he was Head of Human Resources and Head of External Affairs and Information Technology. In June 2011, he moved to Lufthansa AG in Frankfurt, where he was responsible for Human Resources in Lufthansa Passage, later adding responsibility for the same function for the Lufthansa Group as a whole.

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