LTP seals deal with AirAsiaX

Inks A330/A340 MRO

by Aaron Karp
February 7, 2010

Singapore - Lufthansa Technik Philippines, a joint venture between MacroAsia and LHT, signed a contract last week with Malaysia's AirAsia X to provide MRO services on the carrier's long haul fleet of eight A330s/A340s for three years beginning in March.

LHT Chairman August Wilhelm Henningsen told reporters at a Press Conference that its investments at LTP in Manila and Ameco in Beijing signifies its strong commitment in Asia.

Asia represents "our highest commitment in terms of investments and we are going to expand if needed," he said. LTP for instance, now has 3,000 employees in Manila.

The deal was signed at the Singapore Airshow. The work will take place at LTP's Manila facility. LTP will provide four C-checks and a heavy maintenance check in the first year and also has committed to performing cabin retrofit services. The deal's value was not disclosed.

Henningsen said the recession did not have as severe an impact on MRO providers as airlines. MRO "is not so heavily affected up to now" by the financial downturn, he explained, noting that the "we have not seen the reduction in flight frequencies that we've seen in past crises," particularly in 2001 and 1991. He did concede that MRO work on freighter aircraft has taken a serious hit owing to "a lot of cargo airplanes that have been grounded."

Separately, Ameco Beijing, the joint venture between Air China (60%) and LHT (40%), was awarded a five-year contract for heavy maintenance on United Airlines' 747-400 fleet. Value was not supplied. In 2005, UA chose Ameco to maintain its 777s under a five-year contract, which has been extended for an additional five years. Additionally, LHT and Aeroflot Russian Airlines signed a contract in January under which LHT will provide C checks on Aeroflot's four 767-300ERs with the work to be performed by Ameco.

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