August 24, 2016 5:12 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 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.

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Lufthansa Technik AG, please visit www.lufthansa-technik.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.