Asiana Airlines and Lufthansa Technik Extend and Expand Cooperation

Asiana Airlines, one of Korea's flagship carriers and a member of the Star Alliance, will continue to rely on Lufthansa Technik AG for the next ten years: the two companies have extended and significantly expanded their existing Total Component Support TCS® agreement for the airline's fleet of Airbus A320 and Boeing 737 aircraft.

The agreement covers component pooling and MRO services for Asiana's strongly growing fleet of Airbus A320s, currently comprising 29 aircraft, and its eight Boeing 737s. As part of the new agreement, the scope of supply was extended to include many new part numbers.

The airline will be supplied from Lufthansa Technik's material pool and warehouses in Frankfurt and Hamburg.

"Based on the experience and belief on Lufthansa Technik's strong technical/customer support, we are satisfied to extend the long-term partnership", said Mr. Chang-Soo Han, Executive Vice President & CFO Planning, Puchasing & Financing at Asiana Airlines, Inc.

"This new agreement is proof of Asiana's confidence in Lufthansa Technik. We look forward to continuing to demonstrate that this confidence is well-placed," said Dr. Burkhard Andrich, Senior Vice President Aircraft Component Services at Lufthansa Technik.

Asiana Airlines

Asiana Airlines is based in Seoul, Korea, and currently operates a fleet consisting of 72 short- and long-haul aircraft plus 7 narrow body aircraft of its subsidiary Air Busan. The airline serves 12 Korean cities and 68 international destinations, and transports cargo on 20 routes worldwide.

Lufthansa Technik

The Lufthansa Technik Group, with more than 30 subsidiaries and associates and over 26,000 employees worldwide, is one of the leading manufacturer-independent providers of technical services for the aviation industry. Its portfolio encompasses the entire spectrum of services for commercial aircraft: maintenance, repair, overhaul, modification and refit, engines and components.