BizJet International Licensed as a Boeing Business Jet Completion Center

Boeing and BizJet International, Lufthansa Technik's US subsidiary, have recently signed a Supplemental License Agreement, giving BizJet the status of a Boeing Approved Completion Center and becoming an official member of Boeing's Business Jet (BBJ) completion network.

"BizJet's membership in the BBJ completion network is a milestone for us to offer a comprehensive service portfolio to our VIP customers, especially in the US and the Asian market," said Walter Heerdt, Senior Vice President Marketing & Sales at Lufthansa Technik. "BizJet has demonstrated in an impressive way its broad capabilities to deal with the special challenges in the very individual and extremely quality oriented VIP completion business for single-aisle aircraft."

Kai Roepke, President and CEO of BizJet International said, "We are very proud we have become an approved member of the prestigious completion center network for Boeing Business Jets. We are now able to offer refurbishment, completion and maintenance services for single-aisle aircraft of the two worldwide leading aircraft manufacturers."

Roepke adds, "This forms the base for our business strategy to become one of the leading completion centers for single-aisle aircraft in the Americas and beyond, especially in China we see a large potential. Over the past two years we have already delivered three completion projects to Chinese customers and have currently further four projects in our order books, including a BBJ completion which was announced just a few weeks ago."

In the past BizJet invested about $6 million USD in the expansion of its infrastructure including the extension of shops, acquisition of new machines and employee training. With about 320 employees, BizJet offers the complete spectrum of MRO services for VIP and business aircraft, including Airbus ACJ and Boeing BBJ along with comprehensive fixed base operator services.

In addition to its completion capabilities, the company's portfolio also includes modernization and refurbishment of cabin interiors in the second life market. BizJet has a total of 350,000 square feet of hangar capacity and a variety of workshops for servicing and outfitting aircraft.

Lufthansa Technik:
The Lufthansa Technik Group, with more than 30 subsidiaries and about 26,000 employees worldwide, is one of the leading manufacturer-independent providers of services for the aviation
industry. Lufthansa Technik is licensed internationally as a repair, production and development enterprise. The Group's portfolio encompasses the entire spectrum of services in the areas of
maintenance, repair, overhaul, modification and conversion, engines and components.

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