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May 22, 2015 5:27 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
Head of Finance and Member of the Executive Board
Age: 60
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: 58
Compensation as of Fiscal Year 2014.

Lufthansa Technik AG Key Developments

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.

Avianca Signs Numerous MRO Pacts with Lufthansa Technik

Avianca has accomplished the signing of a range of agreements with Lufthansa Technik (LHT) for delivering MRO services to the carrier. Among the newly signed MRO contracts, one is for Avianca's fleet of four B787s, and an additional 11 aircraft, still to be delivered. The newly settled deal will also facilitate the Colombian national airline to receive home base support from LHT at its site in Bogota, Colombia. Under the agreement, LHT will also deliver component maintenance on the airline s fleet of 16 units A330 passenger and cargo aircraft, comprising home base support at its Bogota and Medellin locations. Moreover, Avianca will receive maintenance services from the German firm for its A320 jets as part of a 10-year contract. The MRO will also provide support to the airlines latest order of 33 A320neo aircraft through deploying an aircraft production inspection team at the Airbus site. The company has already started delivering such support services for Avianca s fleet of B787 aircraft and has positioned its teams at the Seattle and Charleston facilities of Boeing.

Lufthansa Technik AG Announces Ten Year Component Supply Agreement with Frontier Airlines

Lufthansa Technik AG and Frontier Airlines have signed a comprehensive long-term component supply agreement for the airline's current and future fleet of Airbus A320 aircraft. The contract will run through November, 2024. The Total Component Support (TCS) agreement covers component overhaul and engineering services as well as pooling and Home Base Lease. The component supply will be realized via the Lufthansa Technik facilities in Miami /Fort Lauderdale and Los Angeles.

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