AeroTurbine, Inc. announced the closing of a previously announced Strategic Partnership with Lufthansa Technik.
The long-term agreement covers a broad range of products and services centered around AeroTurbine’s ability to provide Lufthansa Technik with a more predictable supply of used content in their MRO businesses and LHT’s world class repair capability.
“We are extremely pleased and honored to have Lufthansa Technik as a strategic partner. This partnership underscores the value both parties envisioned by a closer alignment of industry leaders,” commented AeroTurbine President & CEO, Michael King.
“We are extremely excited about this partnership. The agreement supports our strategy of growth and continued cost reduction and enables us to further expand our service portfolio,” added LHT’s Vice President Corporate Purchasing and new AeroTurbine board member, Jörg Asbrand.
AeroTurbine has been supporting LHT’s requirements throughout 2014 as details of the agreement were being finalized.