Lufthansa Technik, the MRO arm of Lufthansa group, is rolling out a comprehensive blueprint encompassing physical expansion, digital evolution, and strengthened partnerships called “Ambition 2023”
Solidifying its global position in the technical support of aircraft fleets, the company expects a long-term increase in demand for repair and overhaul services, particularly in the engine sector.
Taking Flight with Ambition 2030
As Dr. Detlef Kayser, Chairman of the Supervisory Board of Lufthansa Technik, emphasizes, the program comes at a pivotal moment. Operating over 700 aircraft in 13 flight operations, Lufthansa Technik is not just a part but a strategic cornerstone of the Lufthansa Group.
The challenges faced by manufacturers, especially with engines, have elevated the company’s significance, presenting a golden opportunity for strategic development.
The heart of “Ambition 2030” lies in the anticipation of a long-term surge in demand for repair and overhaul services, primarily within the engine sector.
A twofold increase in demand stems from the growing number of aging engines in global flight operations and the heightened maintenance requirements of newly developed engines.
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Ambition 2030 Blueprint
Strategic Investments in Core Business
With an eye on a record-breaking 6 billion euros in revenue for 2023, Lufthansa Technik’s “Ambition 2030” is not merely a vision but a well-defined plan.
Extensive investments are earmarked for expanding the core business, bolstering international presence, and potentially acquiring new entities.
Digital Evolution Takes Flight
In tandem with physical expansion, Lufthansa Technik is set to soar in the digital realm. The program envisions the augmentation of digital business models, with a focus on AVIATAR, the platform for data-based analytics solutions.
This forges the path towards a Digital Tech Ops Ecosystem, ensuring comprehensive data coverage throughout the technical operations value stream.
Global Footprint: Locations and Acquisitions
As part of its expansion strategy, Lufthansa Technik is not just modernizing existing locations but rapidly constructing a new European facility.
The intention is clear – meet the rising demand head-on and achieve a higher level of vertical integration. Acquisitions are also on the radar, reinforcing the commitment to global dominance.
Strengthening Military Ties
In a strategic move, Lufthansa Technik aims to deepen its collaboration with the German Armed Forces.
The focus extends to technical support and military outfitting of aircraft, aligning the company with national defense interests.
CEO’s Vision
Sören Stark, CEO of Lufthansa Technik, paints a compelling picture of the future.
With ambitious goals to expand services, digitize operations, and increase international presence, Stark envisions not just benefits for the company but a ripple effect benefiting customers and employees worldwide.
The commitment to the airlines of the Lufthansa Group remains unwavering, emphasizing the unparalleled cooperation and expertise offered by Lufthansa Technik.
Lufthansa Technik’s MRO Expertise
In an industry grappling with resource shortages, Lufthansa Technik’s Maintenance, Repair, and Overhaul (MRO) expertise stands out as a strategic advantage.
As the provider for around one in five commercial aircraft globally, the company’s resources are not just vast but a lifeline for the entire aviation sector.
A testament to this advantage is the development of a new First Class for Lufthansa Airlines Boeing 747-8 fleet.
Lufthansa Technik, with its renowned capabilities, takes the reins of this project, promising a new era in premium aviation experiences.
Lufthansa Technik AG is headquartered in Hamburg and is the world’s leading provider of technical aircraft services.
These include the maintenance, repair and overhaul of aircraft, their components and engines (maintenance, repair, overhaul; MRO). Around 4,500 commercially operated aircraft are currently under contract, accounting for around one in five commercial aircraft in the world.
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