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September 04, 2015 4:05 PM ET

Aerospace and Defense

Company Overview of Lufthansa Technik AG

Company Overview

Lufthansa Technik AG provides maintenance, repair, overhaul, and modification services for the civil 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 offers 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 aircraft services; total engine support, repair and overhaul, engine parts repair, auxiliary power units services, engine lease services, onsite support, life cycle services, and ot...

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
Chief Executive Finance and Member of The Executive Board
Age: 61
President and Chief Executive Officer of Lufthansa Technik Philippines Inc.
Chief Executive Officer of Lufthansa Technik Malta
Chief Executive Products, Services & It and Member of Executive Board
Age: 59
Compensation as of Fiscal Year 2015.

Lufthansa Technik AG Key Developments

GE Aviation and Lufthansa Technik AG Sign Memorandum of Understanding for New Engine Overhaul Venture

Lufthansa Technik AG and GE Aviation will create a new, engine overhaul facility in Europe to service GEnx-2B and GE9X engines. Under terms of a memorandum of understanding (MOU), the new joint venture is expected to be operational in 2018. Closing of the joint venture is subject to receipt of required regulatory approvals. The MOU was signed this evening at the Paris Air Show by GE Aviation President and Chief Executive Officer David Joyce, Deutsche Lufthansa AG CEO Carsten Spohr, GE Aviation Services President and CEO Kevin McAllister, and Lufthansa Technik AG CEO Dr. Johannes Bussmann. The new joint venture will be equipped to perform the full range of engine maintenance services for the GEnx-2B and the GE9X, powering the Boeing 747-8 and Boeing 777X, respectively. The partners will continue to collaborate on repair development and mobile support services.

Aerolineas Argentinas and Lufthansa Technik Sign Five Years Agreement for Maintenance, Repair and Overhaul Services for the Fleet of CFM56-5C Engines

Aerolineas Argentinas and Lufthansa Technik have signed an exclusive five years agreement for maintenance, repair and overhaul services for the fleet of CFM56-5C engines powering Aerolineas' seven Airbus A340-300 aircraft. For the CFM56-7 engine type Lufthansa Technik and Aerolineas Agentinas agreed to set-up a Joint Shopvisit Program under which, depending on workscopes, the airline will tear the engines down into modules in Buenos Aires, while the repairs will be then carried out at LHT's facilities in Hamburg. Lufthansa Technik will also oversee the setting up of a new engine shop, with the assistance of layout, equipment and the creation of the basic infrastructure and establishment of processes down to the necessary logistics. Furthermore, LHT will support Aerolineas Argentinas with fundamental staff training for the new engine types.

Lufthansa Technik Signs Contract on A350 XWB Component Support

Finnair has awarded Lufthansa Technik a 12-year agreement for component support for the new aircraft type. The exclusive Total Component Support TCS contract covers the availability and repair services of A350 XWB components. Finnair already has an agreement with Lufthansa Technik on engine-related components service for V2500 engines and APU services for APS3200. Finnair's own maintenance organisation at the Helsinki Airport is responsible for the line maintenance of Finnair's current fleet and the new A350 XWB fleet.

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