Joint venture company of MTU Aero Engines and Lufthansa Technik set up with DZP assistance
On the part of DZP, assistance in forming the joint venture of MTU Aero Engines AG and Lufthansa Technik AG was provided by experts from the Infrastructure and Energy Practice: Marcin Krakowiak, Partner, Head of the Practice and dr Krzysztof Fliszkiewicz, Senior Associate.
The contract, which followed up on an agreement on the general principles of the cooperation concluded in February 2017, was finalised by the two companies on 4 December. Each of the partners will hold 50% of shares in the new company.
EME Aero will be based in Poland and is going to employ more than 800 employees in the future. Both parties will invest the total of approx. EUR 150 million by 2020 as part of the joint venture.
EME Aero will carry out maintenance, repair and overhaul (“MRO”) of aircraft engines produced by the US firm Pratt&Witney and used in Airbus A320neo aircraft used by Lufthansa and other carriers, Bombardier CS aircraft, and other airplane.
Lufthansa Technik AG
Lufthansa Technik provides MRO services for aircraft engines and engine components. It offers a wide range of services tailored to customers’ needs as part of both stand-alone orders and comprehensive maintenance services during the aircraft life cycle. Lufthansa Technik also offers special services such as aircraft lease and aircraft sale assistance, e-services, and emergency AOG services.
MTU Aero Engines AG
MTU is a manufacturer of aircraft engines. It designs and manufactures engines for commercial and military aircraft of a full range of thrust capability and industrial gas turbines. It also provides maintenance services for these products.
In the commercial aircraft engines business, MTU offers engines in all thrust and power categories. In the maintenance business, MTU is an independent provider of MRO services for commercial aircraft engines. The primary focus is on providing support for engines in which MTU is a risk- and revenue-sharing partner. MTU also offers also offers repair services for a wide variety of different engine types. In the area of military aircraft, MTU delivers the enabling technologies, develops and manufactures engines and engine components, and provides logistics support.
For more information, please contact:
Emilia Zakrzewska-Koszel, E: email@example.com, T: 22 557 76 45