Lufthansa Technik Enters into Cooperation Agreement with GE

Lufthansa Technik AG and GE Aviation have entered into a long-term
cooperation agreement related to material supply, which also extends
to the supply of OEM spare parts, and parts repairs of CF6-80C2 and
CF34 engines operated by Lufthansa Technik’s customers.

As part of this agreement, Lufthansa Technik and GE will jointly
develop and utilize each other’s component repairs as well as other
support elements for their respective maintenance, repair and
overhaul services.

“GE Aviation and Lufthansa Technik have deep experience in developing
innovative component repair and overhaul solutions for their
customers,” said David Joyce, president and chief executive officer
of GE Aviation. “By working closely together, we anticipate
increasing the number of component repair and overhaul technologies
developed each year to further help our customers lower their cost of
ownership.”

“Over the last years, we have forged a good relationship with GE,
based on the development of joint engine parts repairs and engine
overhaul processes, and with this agreement we are furthering this
relationship by increasing the use of GE spare parts, while also
collaborating to reduce engine maintenance costs,” said August
Henningsen, CEO of Lufthansa Technik.