Lufthansa Technik Shenzhen to Provide Chinese Airline with Component Support

Shenzhen Airlines and Lufthansa Technik, the leading provider of aircraft maintenance, repair and overhaul services, have entered into a Total Component Support TCS® agreement for the Chinese airline's Airbus A320 fleet. The agreement will cover up to 70 aircraft. Over the next 10 years, Lufthansa Technik Shenzhen will provide components locally with over 500 Line Replaceable Units.

"Our intensive negotiations lasted almost two years, so we are all the more pleased that Shenzhen Airlines decided in favour of Lufthansa Technik. Shenzhen Airlines will not only benefit from one of the world's largest equipment pools and maintenance offers, but also from Lufthansa Technik Shenzhen's on-site service," said Rainer Janke, Lufthansa Technik's Sales Director North East Asia. "The trust that Shenzhen Airlines has placed in us shows that our all-inclusive service offers also appeal to the Chinese market."

Lufthansa Technik Schenzhen, a Chinese subsidiary of Lufthansa Technik AG, has provided Shenzhen Airlines' A320 aircraft with components ever since the fleet (which currently numbers 13 aircraft) started operations. This close cooperation and Lufthansa Technik Shenzhen's high service quality were critical factors in the airline's decision to enter into a long-term agreement for its A320 aircraft.

"The signing of the contract with Shenzhen Airlines is an important step for Lufthansa Technik Shenzhen, as we've been able to significantly expand our offer and become more attractive to new customers," said Wolfgang Breckau, President and CEO of Lufthansa Technik Shenzhen. "We will do everything we can to meet Shenzhen Airlines' high expectations."

Total Component Support TCS® currently serves around 1,500 aircraft, making it Lufthansa Technik's most successful support product. TCS provides airlines with guaranteed access to one of the world's largest component pools, which has regional contact points on every continent as well as its own warehouses at client hubs. Cost-saving high-tech repairs are carried out at Lufthansa Technik's headquarters in Hamburg, which is also an innovation center for the development of new repair technologies. In addition, a number of Lufthansa Technik Group subsidiaries around the world support customers with maintenance, repair and overhaul services for equipment that requires a quick turnaround.

About Shenzhen Airlines

Shenzhen Airlines was founded in 1992 and is one of the most profitable airlines in China. The rapidly growing airline plans to expand its current fleet from 13 to 70 Airbus aircraft by 2013. Currently the airline already operates nearly 50 aircraft. The airline serves more than 130 destinations in the world.

About Lufthansa Technik Shenzhen

Lufthansa Technik Shenzhen is headquartered at Bao'an International Airport and specializes in the maintenance of Airframe Related Components (ARC®). Since early 2006 the company has also held a component pool, which is becoming increasingly important particularly due to the agreement with Shenzhen Airlines. The pool has over 500 part numbers in stock.