February 26, 2017 11:02 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

Lufthansa Technik and MTU Aero Engines Agree on Concluding Joint Maintenance Company

Lufthansa Technik and MTU Aero Engines are planning to set up a joint venture company for the maintenance, repair and overhaul of geared turbofan engines, with each of the partners holding a 50% stake. An agreement to this effect was signed by the two companies in Berlin on February 20, after the feasibility of such a joint venture had been examined over the past few months. Subject to different approvals both parties act on the assumption of the joint venture foundation within the second half of 2017. According to the plans, the new facility will be up and running by 2020 and have a workforce of over 500 employees. By 2020, a total amount of around EUR 150 million will be invested into the new location. In terms of annual capacity, the facility will be designed to accommo-date over 300 shop visits of PW1000G-family GTF engines for the Airbus A320neo family of jetliners and other aircraft. The search for a globally competitive location in or outside Europe will be completed within a few months' time.

Northrop Grumman Integrated Defence Services Partners with Air France Industries KLM Engineering & Maintenance and Lufthansa Technik

Northrop Grumman Integrated Defence Services (IDS) has partnered with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) and Lufthansa Technik to provide support services for Royal Australian Air Force's (RAAF) fleet of KC-30A multi-role tanker transport (MRTT) aircraft. Under the agreed terms, AFI KLM E&M will provide a range of services to Northrop Grumman which include aircraft component auxiliary power unit and CF6 80-E1 engine test, repair and overhaul services; ready access to line replaceable unit loans and exchanges; and global line station logistics solutions. Additionally, Lufthansa Technik will provide spares (consumables and expendables) procurement; aircraft component test, repair and overhaul services; landing gear overhaul services and aircraft component support to Northrop Grumman. Northrop said that the agreements with AFI KLM E&M and Lufthansa Technik will provide the Australian MRTT programme with improved access to a global inventory network. The programme will also benefit from landing gear services and a reduction in component repair times through Lufthansa Technik's commercial expertise. The agreement with Lufthansa allows future extension for support of parts and general maintenance to other aircraft types. Northrop Grumman IDS is the prime contractor for MRTT Through-Life Support (TLS).Using KC-30A, RAAF conducts both air-to-air refuelling and provides strategic air lift.

Lufthansa Technik Opens New Warehouse in Florida, USA

Lufthansa Technik AG has opened a new warehouse in the USA, close to the Fort Lauderdale airport in Florida. This represents a significant expansion of the site, ensuring stable supply for customers in this growing region into the future. The Fort Lauderdale site serves as a connecting point for North, Central and South America. It was therefore chosen as the primary storage facility for the American market and central gateway for the extensive customer supply network in the region. The facility, in operation around the clock all year, and the seamlessly integrated transport network allow the company to even better fulfill the high quality exectations of its customers. Customers benefit from the personal contact and from the fact that their contact person is in the same timezone. The new 2,000-square-meter warehouse has capacity for around 9,000 components. It also houses more than 10,000 items of consumables & expendables. Various models of aircraft can be supported from here. The warehouse is operated by Lufthansa Technik Component Services (LTCS), making use of the logistic processes and IT systems of Lufthansa Technik Logistik Services (LTLS). The newly introduced LTLS computer-supported logistic order management system will make even more precise scheduling of internal logistic process steps possible. The expansion of the Fort Lauderdale site is part of the strategic direction being pursued by Lufthansa Technik's Component Services division.

Recent Private Companies Transactions

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

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