September 29, 2016 12:36 AM ET

Aerospace and Defense

Company Overview of Lufthansa Technik AG

Company Overview

Lufthansa Technik AG provides aircraft maintenance, repair, and overhaul services to the aviation industry worldwide. The company offers a portfolio of technology, training, and logistics services, as well as supplementary services for various aspects of aircraft operations. It also provides total technical support, total base maintenance support, line maintenance, base maintenance, engineering, composite repairs, modification, aircraft leasing and trading support, aircraft-on-ground services, and other services; and engine services, including total engine support, repair and overhaul, engine parts repair, auxiliary power units services, engine lease services, onsite support, life cycle serv...

Weg beim Jaeger 193

Hamburg,  22335

Germany

Founded in 1994

Phone:

49 40 5070 0

Fax:

49 40 5070 4401

Key Executives for Lufthansa Technik AG

Chairman of The Executive Board
Age: 47
Chief Executive of Finance and Member of Executive Board
Age: 46
President and Chief Executive Officer of Lufthansa Technik Philippines Inc.
Chief Executive Officer of Lufthansa Technik Malta
Chief Executive of Products, Services & IT and Member of the Executive Board
Age: 60
Compensation as of Fiscal Year 2016.

Lufthansa Technik AG Key Developments

Rwandair and Lufthansa Technik Signs Agreement About the Comprehensive Technical Support of the Airbus A330 Fleet of the African Carrier

RwandAir and Lufthansa Technik signed an agreement about the comprehensive technical support of the Airbus A330 fleet of the African carrier. Delivery of the two brand-new A330s, the first widebody aircraft for RwandAir, is scheduled for September. In the framework of a Total Technical Support TTS contract Lufthansa Technik will perform aircraft maintenance services, engineering support and ensure a reliable component supply. Lufthansa Technik already provides the CRJ fleet of RwandAir with components. The new contract further extends the partnership between the two companies.

Lufthansa Technik AG and the New Cypriot Airline Cobalt Sign Comprehensive Five Year Component Supply Agreement

Lufthansa Technik AG and the new Cypriot airline Cobalt have signed a comprehensive five year component supply agreement for the airline's initial fleet of six Airbus A320 aircraft. The aircraft are equipped with V2500 and CFMI 56-5A engines. The Total Component Support TCS agreement covers airframe and engine related component overhaul, engine condition monitoring services as well as pooling and home base lease. The component supply will be realized via the Lufthansa Technik facilities in Frankfurt and Hamburg.

Lufthansa Technik to Provide Comprehensive Component Support for Ethiopian Airlines A350 Fleet

Ethiopian Airlines has contracted Lufthansa Technik to provide comprehensive component support for the airline's future Airbus A350 fleet. The corresponding Total Component Support TCS(R) agreement will run for a period of ten years and includes 14 aircraft. The contract comprises component maintenance, repair and overhaul as well as access to a pool of spares. The contract underscores Lufthansa Technik's many years of collaboration with Ethiopian Airlines as MRO in a number of different areas. These include an extensive Total Component Support for the carrier's Boeing 787 fleet as well as material support for Ethiopian Airlines' Bombardier Q400 regional aircraft fleet.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 13, 2016
FLYdocs Systems Limited
 

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