Lufthansa Technik Philippines (LTP) has signed multiple contracts with several carriers – Philippine Airlines (PAL), Lufthansa Airlines, Korean Air and Asiana Airlines – in a move to continue its growth momentum and solidify its foothold as a leading MRO provider in the Philippines.
In a statement, LTP said that Lufthansa Airlines, the largest German airline, signed an agreement on June 24, 2018. The contract covers heavy base maintenance checks of its Airbus A380 aircraft.
This latest deal caps off a fruitful A380 program for the MRO provider, as it comes at the heels of other customers who contracted LTP for their base maintenance services as well – Korean Air and Asiana Airlines. For both carriers, LTP is slated to conduct base maintenance checks for their Airbus A380 planes for the next several years.
According to LTP, all A380 contracts would generate more than $200-M in export business and would support more than 500 jobs within the company. With plans to expand its operations and facility, LTP is seeking to ramp up its capabilities and to aggressively capture future market opportunities.
Earlier this year, in a move to further solidify their partnership, PAL tapped LTP to maintain its new Airbus jets, which was formalized via a 12-year milestone agreement on May 17, 2018 with an estimated contract volume of more than $260 million. The agreement formalizes the assignment of line maintenance services for PAL’s incoming A350s and A321 Neos, which took effect beginning May 31.
A joint venture of Lufthansa Technik AG and Philippine aviation services provider MacroAsia Corporation, LTP provides aircraft MRO services to airline companies from all over the world.
As the largest majority-controlled of the 30 subsidiaries within the Lufthansa Technik Network, LTP makes it its mission to ensure that all aircraft that comes out of its hangars reflect the world-renowned Lufthansa Technik standard of quality, safety, and reliability.
It is this dedication that enables LTP to achieve their goal of delivering a better overall passenger experience that is safe, reliable, comfortable and on-time.
LTP currently employs 2,800 people – a combination of highly skilled English-speaking mechanics, engineers and support personnel. Personnel transfers within the Lufthansa Technik network and LTP are a regular occurrence, assuring the right skills are effectively and regularly transferred to the local workforce.
“Our mission is simple but clear-cut – for us in LTP to grow steadily and positively in the coming years, to elevate our MRO service ensuring that the work we do is of excellent quality, safe, and held to a higher international standard, and to solidify the company’s foothold as a leading MRO provider in the Philippines, in partnership with our valued customers,” the company said.