September 22, 2017 12:25 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: 48
Chief Executive of Finance and Member of Executive Board
Age: 47
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: 61
Compensation as of Fiscal Year 2017.

Lufthansa Technik AG Key Developments

NEOS Contracted Lufthansa Technik to Provide Comprehensive Component Support for its New Boeing 787 Fleet

NEOS has contracted Lufthansa Technik to provide comprehensive component support for its new Boeing 787 fleet. The first Boeing 787-9 is scheduled to be delivered to NEOS in mid-December 2017. The new agreement is an extension of the existing component support cooperation, which began as early as 2002. The Total Component Support (TCS) contract covers component repair and overhaul, pooling and home base lease services to support NEOS' daily operations. The component supply will be realized via the German Lufthansa Technik facilities in Frankfurt and Hamburg. In addition, Lufthansa Technik will provide independent quality assurance as part of an Aircraft Production Inspection Program for these three Boeing 787-9 at the aircraft manufacturer's site in Seattle, Washington, USA.

Lufthansa Technik Reports Earnings Results for the Second Quarter of 2017

Lufthansa Technik reported earnings results for the second quarter of 2017. For the quarter, the company saw adjusted EBIT decreased by EUR 32 million to EUR 85 million. The margin came down by 2.9 percentage points to 6.5%.

Lufthansa Technik Ag Offers Total Component Support for Royal Jordanian's Twelve A320s

Royal Jordanian and Lufthansa Technik AG have signed a comprehensive agreement. Within the framework of this Total Component Support (TCS) contract, which is already in effect, Lufthansa Technik will supply components for Royal Jordanian's twelve A320 aircraft. The exclusive contract comprises extensive component maintenance services. Spare parts are provided through access to Lufthansa Technik's component pool and through a home base lease at Royal Jordanian's headquarters in Amman.

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