July 28, 2016 12:37 PM 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 AG and GE Aviation Signs New Long-Term Agreements for Maintenance Services for the GE9X and GENX-2B Engines

Lufthansa Technik AG and GE Aviation signed new long-term agreements for maintenance services for the GE9X and GEnx-2B engines as part of a continued effort to expand maintenance choice and shop capacity for customers operating the latest generation of engines. The GE Branded Services Agreements (GBSA) for the GE9X and GEnx-2B include comprehensive TrueChoiceTM Materials agreements and provisions for technical support and assistance on overhaul workscoping, component repair licenses, joint repair development and training. The agreements facilitate establishment of a planned GE Aviation and Lufthansa Technik joint venture overhaul facility due to open in 2018.

Lufthansa Technik to Become Principal Provider of Mobile Engine Maintenance Services to Pratt & Whitney

Pratt & Whitney and Lufthansa Technik together announced that Lufthansa Technik will become Pratt & Whitney's principal provider of mobile engine maintenance services for V2500®, PW1100G-JM, PW1500G and PW1900G engines. This new cooperation will provide Pratt & Whitney customers with more efficient and cost-effective engine maintenance. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders are Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.  V2500 is a registered trademark of IAE International Aero Engines AG.

Lufthansa Technik AG Receives Approval for New Photoluminescent Exit Signs

Lufthansa Technik AG has received approval across all aircraft types for a new generation of photoluminescent exit signs. With immediate effect the existing maintenance-intensive and non-environmentally-friendly exit signs at the flexible curtains in the cabin can be replaced by the Lufthansa Technik GuideU material, which is already used for emergency floor path marking. Regular replacement of signs for reasons of aging as has been the case to date is now history a so-called "Multitype STC", an aircraft manufacturer and type-spanning approval for the new material. The exit sign made from the self-illuminating, aging-resistant and completely maintenance-free GuideU material simply has to be installed once directly at the aircraft manufacturer or as part of routine maintenance work. The signs previously had to be replaced after seven years at the latest.

Recent Private Companies Transactions

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