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AviTrader MRO Magazine 2017-03

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<strong>MRO</strong> and Production News<br />

10<br />

Michael Schreyögg (left), Chief Program Officer, MTU Aero Engine, Dr. Johannes Bußmann,<br />

Chairman of the Executive Board, Lufthansa Technik<br />

Photo: MTU Aero Engines<br />

Lufthansa Technik and MTU Aero<br />

Engines agree on concluding a joint<br />

maintenance company<br />

Lufthansa Technik and MTU Aero Engines are<br />

planning to set up a joint venture company<br />

for the maintenance, repair and overhaul<br />

(<strong>MRO</strong>) of geared turbofan (GTF) engines, with<br />

each of the partners holding a 50% stake. An<br />

agreement to this effect was signed by the two<br />

companies in Berlin on February 20, after the<br />

feasibility of such a joint venture had been<br />

examined over the past few months. Subject<br />

to different approvals (e.g. by the relevant<br />

antitrust authorities) both parties will act on<br />

the assumption of the joint venture foundation<br />

within the second half of <strong>2017</strong>. According to<br />

the plans, the new facility will be up and running<br />

by 2020 and have a workforce of over<br />

500 employees. By 2020, a total amount of<br />

around €150m will be invested into the new<br />

location. In terms of annual capacity, the facility<br />

will be designed to accommodate over<br />

300 shop visits of PW1000G-family GTF<br />

engines for the Airbus A320neo family of<br />

jetliners and other aircraft. The search for a<br />

globally competitive location in or outside Europe<br />

will be completed within a few months’<br />

time. Lufthansa Technik and MTU have been<br />

partnering in a successful, 50-50 joint venture<br />

in Malaysia since 20<strong>03</strong>. Airfoil Services Sdn.<br />

Bhd. (ASSB) near Kuala Lumpur specializes in<br />

the repair of low-pressure turbine and highpressure<br />

compressor airfoils.<br />

Rotable Repairs. Ahead of the curve.<br />

REPAIR AND OVERHAUL SPECIALISTS FOR AIRCRAFT WHEELS AND BRAKES.<br />

www.rotablerepairs.com<br />

1132<strong>03</strong> - NEW Rotable Advert MASTER.indd 1 13/09/2016 10:56<br />

<strong>AviTrader</strong> <strong>MRO</strong> - March <strong>2017</strong>

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