Lufthansa Technik and Emirates: Aircraft components service Agreement

Under a general terms agreement, Emirates and Lufthansa Technik AG have signed a non-exclusive agreement for a period of five years related to the maintenance of components installed on the Airbus A330/A340 and Boeing 777 fleets operated by Emirates.

"We see this extension of the existing landing gear services provided by Lufthansa Technik AG as a foundation for new opportunities. This new agreement provides diversified solutions for our expanding maintenance requirements." said, Adel Al Redha, Emirates' Executive Vice President Engineering and Operations.

"Through this new agreement, I am convinced that we can meet Emirates' high quality standards with a product precisely tailored to meet this customer's needs" said Walter Heerdt, Senior Vice President Marketing & Sales Lufthansa Technik."

Since 2005, Lufthansa Technik AG has been supporting the landing gear of 21 Boeing 777 aircraft (200, 200ER and 300) operated by Emirates, and since the beginning of 2011 it has also started to overhaul the center landing gears of the airline's fleet of Airbus A340-300.

About Emirates:

Dubai-based Emirates (www.emirates.com) is one of the fastest growing airlines in the world, and has received more than 400 international awards for excellence. Emirates now flies to 115 destinations in 67 countries. The airline reported a net profit of USD$1.5 billion for the last fiscal year. Emirates operates 161 wide-body Airbus and Boeing aircraft, and has orders for an additional 190 aircraft, worth more than USD$66 billion.

About 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.