Lufthansa Technik Budapest Celebrates its 10th Anniversary

On 16 June 2011, Lufthansa Technik Budapest, competence center of overhaul services for narrow-body aircraft, has celebrated its 10th anniversary. The company, based at the Ferenc Liszt International Airport of Hungary's capital Budapest, is part of Lufthansa Technik's international overhaul network. With its 350 employees the company has specialized in the overhaul of the Airbus A320 family and the Boeing 737 classic / NG series.

Dr. Thomas Stueger, Chief Executive Product and Services of Lufthansa Technik, said on the occasion of the official ceremony in Budapest:

"Ten years ago, we founded Lufthansa Technik Budapest together with our Hungarian partners, because we were profoundly convinced that this location would have a large market potential. And we haven't been disappointed. The key factors for success were - and still are - the central location within Europe, the availability of a highly qualified manpower, modern facilities and a reasonable cost base. I would like to thank the Hungarian authorities, our former and new local partners, and our employees for the great cooperation and job they have done over the last decade. And of course I would like to thank our customers for the trust they have put in us over the past ten years and which was the base for Lufthansa Technik Budapest to establish itself as one of the leading providers of narrow-body overhaul services in Europe."

Lufthansa Technik Budapest was originally founded by Lufthansa Technik A.G. (85 percent) and Malév Hungarian Airlines (15 percent) in 2000. Two years ago, the Malév share was taken over by Budapest Airport Plc. In Lufthansa Technik Budapest's 6,000 square meters hangar two aircraft can be overhauled simultaneously and two additional planes can undergo a lighter check. Over the past ten years Lufthansa Technik Budapest has provided more than 200 C and D checks for about 20 European and Middle East customers.

Elmar Lutter, Chief Executive Officer of Lufthansa Technik Budapest, added: "Right from the beginning, Lufthansa Technik Budapest has undertaken permanent efforts to improve its product portfolio and service quality. Thanks to the latest Lean principles we are able to provide very competitive price-performance ratios. I am absolutely sure that we also will create very positive market attention with Lufthansa Technik's new product, the Total Base Maintenance Support[TM] (TBS[TM]). With very comprehensive slot guarantees and a pricing commitment completely attuned to the customer's particular situation, we have made base maintenance a lot more functional and valuable. With TBS[TM] the customers can choose from a whole host of maintenance sites and pricing options, providing them with a truly integrated and total care base maintenance solution."

Besides its already extensive base maintenance service range, the company is continuously expanding its line maintenance portfolio and is also offering comprehensive painting services. In both hangar docks aircraft can be painted on the spot without being pulled into a special painting hangar, saving time and money. Numerous workshops, for example for non destructive testing, are located on the company premises with 2,783 square meters.

Lufthansa Technik:

The Lufthansa Technik Group, with 32 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.