Virgin Atlantic and Lufthansa Technik commit to significantly extend their business relations

Virgin Atlantic and Lufthansa Technik AG significantly extend their
business relations by signing a Memorandum of Understanding covering
the introduction of a new eight year contract for C-checks and CF6-80
thrust reverser services for the airline’s B747-400 fleet. These
contracts are part of current comprehensive negotiations between the
two companies to effectively bring together these new agreements
within one new general terms agreement (GTA).

The new GTA will consist of the thrust reverser services for both the
Trent 500 engines of Virgin’s Airbus A340 fleet and also for the
CF6-80 engines of the Boeing 747-400 fleet, plus the C-Checks for the
thirteen Boeing 747-400s. The C-Checks will be performed at Lufthansa
Technik Maintenance International in Frankfurt, whilst the repair and
overhaul services for the thrust reversers will be carried out at the
airframe related component (ARC®) business unit of Lufthansa Technik
in Hamburg.

Additionally, the two companies are negotiating the early extension
of the current five year base maintenance contract for the airline’s
Airbus A340 fleet by a further six years through to 2019. The base
maintenance services are carried out at Lufthansa Technik
Philippines.

Phil Maher, Director of Engineering stated: “Virgin Atlantic has
previously worked with Lufthansa Technik on a number of MRO services.
With the success of the A340 Airframe Maintenance services agreement,
where strong collaborative working relationships and delivery of
product improvements and quality have been established between LTP
and Virgin, this has formed the foundation of this extended agreement
to also include further services within the LHT group. We look
forward to working with LHT in these extended areas of our business
relationship”.

“This agreement marks a step change in our relationship with Virgin
Atlantic and is the result of the mutual understanding and open
cooperation both partners have developed over the past years”, said
Wolfgang Weynell, Vice President Marketing & Sales at Lufthansa
Technik. “The signing of a general terms agreement will greatly
simplify the handling of both the new and existing contracts for both
partners. Additionally, this deal also recognises our ability to
optimise our services for our customers and we are both really
pleased and excited to be entering this new phase in our relationship
with Virgin”.