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Saturday, September 4, 2010

Ten Years of Lufthansa Technik Philippines

Lufthansa Technik Philippines, one of the biggest providers of
aircraft maintenance services in Asia, is set to further expand its
range of products for airline customers with increased capacity. On
the occasion of the tenth anniversary of the foundation of the joint
venture between Lufthansa Technik AG and the MacroAsia Corporation,
Bernhard Krueger-Sprengel, President and CEO of the company, said that
the number of international customers had increased in an encouraging
manner and that the range of technical services would be further
expanded.

"In view of the growth, especially in the Asian market, and our
competitive product, we intend to win new customers not just in the
region. We will be offering new products such as overhaul layovers and
cabin refurbishments designed specifically for low-cost airlines,"
Krueger-Sprengel said. "Lufthansa Technik Philippines is an
outstanding example of a successful joint venture in Asia."

Having started up in 2000 with a workforce of 1,300 at Ninoy Aquino
International Airport, today Lufthansa Technik Philippines has 2,700
employees and is an internationally respected MRO provider
specializing in the Airbus A330/340 and the A320 aircraft families.

August Wilhelm Henningsen, Chairman of the Executive Board of
Lufthansa Technik AG, underlined: "The Manila operation has become the
Lufthansa Technik Group's most important internationally active
maintenance organization for the overhaul of Airbus aircraft. I would
like to formally thank our joint venture partner, MacroAsia
Corporation, for the professional and successful collaboration and
Philippine Airlines, Lufthansa Technik Philippines' most important
customer, for its trust and tremendous loyalty from the outset.
Without the support of these two companies, the success story of
Lufthansa Technik Philippines would not have been possible."

As well as Philippine Airlines and Lufthansa, Lufthansa Technik
Philippines provides aircraft maintenance services for a further 22
airlines. Its aircraft overhaul customers number 24. As
Krueger-Sprengel explained, "Thanks to lean processes and above all to
our highly skilled staff, we have been able to reduce the layover for
an A340 D-check, for example, to 22 days - the best time offered
anywhere in the world - at competitive prices and to the same standard
of quality for which Lufthansa Technik is renowned."

In 2004, four years after commencing operations, Lufthansa Technik
Philippines opened a second overhaul line for long-haul aircraft.
Since 2005 the expanding company has also offered overhaul services
for the A320 family and has started repairing engine components. It
has gained more and more international airline customers and in 2007
opened a second widebody hangar for aircraft overhauls. In 2009 the
company completed its 100th heavy check.

Lufthansa Technik Philippines

Founded in the year 2000 as a joint venture of Lufthansa Technik AG
and Philippine aviation service provider MacroAsia Corporation,
Lufthansa Technik Philippines offers a wide range of aircraft
maintenance, repair and overhaul (MRO) services to customers
worldwide. It has an extensive line and base maintenance approval from
major aviation authorities including the United States' Federal
Aviation Administration (FAA) and Europe's EASA. The company has a
workforce of 2,700 highly skilled mechanics, engineers and support
personnel. Five hangar bays and workshops have been upgraded to the
latest industry standards to support aircraft maintenance and
overhaul, major modifications, cabin reconfigurations, engine
maintenance and painting for Airbus A320, A330/A340, Boeing 747-400
aircraft. LTP also provides manpower support to airline customers,
other MROs and affiliates in the Lufthansa Technik Group.

The Lufthansa Technik Group, with more than 30 subsidiaries and about
26,000 employees worldwide, is one of the leading
manufacturer-independent providers of services for the aviation
industry. In 2009, the Group's overall revenues stood at 4 billion
euros. Lufthansa Technik is licensed internationally as a repair,
production and development enterprise. The Group's portfolio
encompasses the entire spectrum of services in the areas of
maintenance, repair, overhaul, modification and conversion, engines
and components.

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