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With “Ambition 2030”, Lufthansa Technik is launching an ambitious growth program to further expand its position in the technical support of aircraft fleets. The company expects a sustained increase in demand for repair and overhaul services, particularly in the engine sector. In addition to the increasing number of older engines in global flight operations, the higher maintenance intensity of newly developed engines also contributes to this.
The “Ambition 2030” program envisages extensive investments in the coming years in the expansion of the core business, the expansion of locations and the international presence, potentially also through acquisitions, as well as the expansion of digital business models. In 2022, Lufthansa Technik generated sales of 22.000 billion euros with around 5,6 employees worldwide. In the current year, the company is targeting sales of more than 6 billion euros for the first time since the Corona crisis. In 2023, Lufthansa Technik is expected to achieve its second record year in a row.
“As a leading global airline group, we operate over 700 aircraft across 13 operations. This makes us one of the largest airlines in the world. In view of the ongoing manufacturer problems - especially with engines - the strategic value of our Lufthansa Technik as an integral part of the Lufthansa Group has increased significantly again in recent months. We see this as a great opportunity to strategically develop our technology division with an ambitious growth program and further increase its profitability. As the first address for airlines from all over the world and an attractive employer for many thousands of people, Lufthansa Technik will continue to be an integral part of the economic success of the Lufthansa Group in the future. We still have a lot planned for Lufthansa Technik,” said Detlef Kayser, Chairman of the Supervisory Board of Lufthansa Technik.
