November 25, 2014 10:34 PM ET

Aerospace and Defense

Company Overview of Lufthansa Technik AG

Company Overview

Lufthansa Technik AG, together with its subsidiaries, operates as a manufacturer-independent provider of maintenance, repair, overhaul (MRO), and modification services in the civil aviation industry worldwide. The company offers aircraft services, including maintenance management, line maintenance, C-checks and annual visits, overhaul and modification, painting, and maintenance support; and engine services comprising repair and overhaul, auxiliary power unit, engine parts and accessories repair, and engine assessment services. It also provides total material operations, total component support, total component maintenance, single component maintenance, airframe related component, marking, an...

Weg beim Jäger 193

Hamburg,  22335

Germany

Founded in 1994

Phone:

49 40 5070 3514

Fax:

49 40 5070 8331

Key Executives for Lufthansa Technik AG

Chairman of the Executive Board
Age: 63
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
Age: 58
Compensation as of Fiscal Year 2014.

Lufthansa Technik AG Key Developments

Lufthansa Technik Announces Earnings Results for the Nine Months Ended September 2014

Lufthansa Technik announced earnings results for the nine months ended September 2014. The company achieved a sizeable EUR 335 million operating profit, up EUR 3 million for the nine months of 2014.

CAS and Lufthansa Technik to Jointly Provide China Eastern Airlines with All-Round and One-Stop Comprehensive Support Services in Aviation Supplies

CAS, Lufthansa Technik and China Eastern Airlines signed TCS (Total Care Service), a comprehensive support agreement in aviation supplies in Shanghai. According to TCS, in the next 15 years, CAS and Lufthansa Technik will jointly provide China Eastern Airlines with all-round and one-stop comprehensive support services in aviation supplies, including spare parts replacement and repair of over 400 rotables for its newly imported 20 B777-300 ER fleet. CAS is responsible for spare parts management and local operation, while Lufthansa Technik is responsible for repair and technical support. The two sides will complement and reinforce each other to provide more economic, efficient and reliable services for users. At present, China Eastern Airlines has become the launch customer of TCS program. On top of that, TCS program will be open to other domestic airlines and users of neighboring countries and regions and provide them with aviation supplies pooling service. Cooperation with CAS and Lufthansa Technik will give China Eastern Airlines an access to more economic and efficient service and strong technical support.

Lufthansa Technik AG Announces Executive Changes

Lufthansa Technik AG has appointed Johannes Bussmann as the new chairman of the executive board. Dr. Bussmann will take over the position from August Wilhelm Henningsen on April 1, 2015, with Mr. Henningsen due to retire in the coming year.

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