Major components and VIP contracts signed for new aircraft models
Despite incurring expenses from some long-term contracts in the reporting year, Lufthansa Technik was able to report a result nearly on par with the previous year, as early action to stabilise business was taken as part of the ESP@LHT programme, which contributed to a highly satisfactory operating performance in some areas.
Altogether, the company was able to close the full year 2011 with a contract value of EUR 506m from 466 new contracts and 45 new customers. A further 70 aircraft (+3.4 per cent) were acquired for MRO services in 2011, taking the fleet under contract to 2,125 aircraft. A significant fall in revenue from customers in North Africa and the Middle East took the shine off this altogether positive performance, however.
During the reporting period Lufthansa Technik handed over the second Airbus A340 and four Bombardier Global 5000s to the Special Air Mission Wing at the German Federal Ministry of Defence. This brought the fleet renewal programme in this segment to a close.
The installation of the new Europa cabin has nearly been completed for the company’s largest customer, Lufthansa Passenger Airlines. Other product innovations such as Business and First Class refits and FlyNet installations (internet on board) are currently implemented.
Lufthansa Technik successfully won two large contracts for the VIP completion of Boeing 747-8i aircraft. This means that there are now firm bookings for almost all completion capacity for wide-bodied aircraft until late 2013. Alongside the component supply contract for the whole B787 fleet at Japan Airlines, the company recorded other important contract wins in Asia, such as the Total Technical Support contract with Nok Air for the maintenance and overhaul of the B737NG fleet, and Total Component Support contracts with Peach Aviation, LAN Airlines, Asiana Airlines, Aeroflot and Air New Zealand. A Total Technical Support contract was signed with Meridiana Fly for the maintenance and overhaul of the entire fleet, while Qantas Airways signed a contract for the overhaul of its A330 landing gear. Other customers, including Aegean, Ethiopian Airlines and Travel Service, renewed their engines contracts. In addition, Germanwings and Lufthansa Technik have signed a wide-ranging cooperation agreement for technical services for the entire Airbus A319 fleet, thereby extending the scope of their collaboration considerably.
Lufthansa Technik Sofia reported other major contract wins in addition to the extension of maintenance and overhaul capacities at its local airport.