Lufthansa Technik and Malaysia Airlines plan cooperation on a maintenance, repair and overhaul facility
-Maintenance, Repair and Overhaul (MRO) business for Boeing and Airbus aircraft to be based in Malaysia
Today, Lufthansa Technik AG and Malaysia Aviation Group Berhad have signed a Terms of Reference in Kuala Lumpur on a strategic partnership framework for a joint venture (JV) to establish a regional maintenance, repair and overhaul (MRO) facility.
The MRO facility, planned for 2017, would be based at Malaysia Airlines' existing facilities at Kuala Lumpur International Airport and service the Boeing 737 and Airbus A320 family of aircraft.
The JV is expected to introduce state-of-the-art technical capabilities for base maintenance services and best practices in operations, creating a centre of excellence for the region.
"We are excited about the tangible benefits of the JV. Lufthansa Technik is one of the global leaders in MRO services, and the level of skill, expertise and technological transfer will be invaluable, both for us and for Malaysia", said Mr Christoph Mueller, the Group Chief Executive Officer of Malaysia Aviation Group Berhad and Malaysia Airlines Berhad, when commenting on the joint venture.
"Once this new joint venture becomes true, we will extend significantly our MRO capabilities in one of the most emerging markets worldwide," explained Dr. Johannes Bussmann, the Chief Executive Officer of Lufthansa Technik AG. "With Malaysia Airlines at our side we will have a strong regional partner to create a real success story with this new business."
The formation of the JV will be subject to, inter alia, approvals from the competent regulatory authorities and the signing of definitive agreements.
About Malaysia Airlines:
Malaysia Airlines is the national carrier of Malaysia, offering the best way to fly to, from and around Malaysia. Among the few airlines to have won both a Skytrax five-star rating and World's Best Cabin Crew award, Malaysia Airlines takes our 40,000 guests daily on memorable journeys inspired by Malaysia's diverse richness. Malaysia Airlines embodies the incredible diversity of Malaysia, capturing its rich traditions, cultures, cuisines and warm hospitality on board, while opening up more of Malaysia's destinations than any other airline.
Since September 2015, the airline has been owned and operated by Malaysia Airlines Berhad. As a member of oneworld®, Malaysia Airlines and its partners in the global alliance offer a superior, seamless travel experience to more than 1,000 destinations in 150 plus countries, with special privileges and rewards for frequent flyers, including access to more than 650 airport lounges worldwide. Up to 90 destinations will be serviced across Asia, Africa, the Americas and the Middle East via a new codeshare partnership with Emirates, signed in early 2016. For more information, please visit https://www.malaysiaairlines.com.
About Lufthansa Technik:
The Lufthansa Technik Group, with more than 30 subsidiaries and associates and over 25,000 employees worldwide, is one of the leading providers of technical services for the aviation industry. Its portfolio encompasses the entire spectrum of services for commercial aircraft: maintenance, repair, overhaul, modification and conversion, engines and components.
www.lufthansa-technik.com/media
