Aegean Airlines signs far-reaching support contracts with Lufthansa Technik

Wednesday, 25-07-2007

Total Component Support TCS and Total Engine Support TES chosen.
Agreement covers support for new Airbus A320 family fleet in Athens.

Aegean Airlines, Greece’s fastest growing air carrier, and Lufthansa Technik, the leading provider for maintenance, repair and overhaul (MRO) of airplanes, components and engines, signed two new contracts on Total Component Support TCS® and Total Engine Support TES®.

Over the next eight years Lufthansa Technik will serve a fleet of up to 27 Airbus A320 family aircraft, via a Total Component Support TCS® with the provision of com-ponents at the carrier’s hub Athens. The arrangement enables Aegean Airlines to participate in one of the world’s largest pools for aircraft components whereof nearly 1,000 different part numbers of LRUs (Line Replaceable Unit) have been pre-selected.

An additional Total Engine Support TES® contract covers a complete service for the IAE V2500 engines of the Airbus airplanes, which will be phased-in this month. The engines will be exclusively served on power-by-the-hour terms over the next ten years. Lufthansa Technik will also provide access to spare engines when required by Aegean Airlines.

“The new cooperation with Lufthansa Technik is part of our endeavour to ensure the most reliable operation and to provide domestic as well as regional connectivity across Greece. The technical commitment and expertise of the leading MRO pro-vider globally and in Europe will facilitate the entry-into-service of our brand-new Air-bus fleet”, said Dimitris Gerogiannis, Managing Director of Aegean Airlines.

“We greatly appreciate the trust Aegean Airlines is placing in our component and en-gine services to ensure a seamless operation,” said Robert Gaag, Director Sales Cen-tral Europe of Lufthansa Technik. “Aegean Airlines will take advantage of a dedicated engine and component package which brings scale effects and savings of big fleets to operators of smaller or new fleets. For the future we are looking forward to intensify our cooperation.”
The range of services offered by Lufthansa Technik’s Engine Services extends from the Total Engine Support TES® to custom repair and overhaul of engines, modules and individual parts; to engineering; to warranty servicing and repairs; to logistical and consulting services. The portfolio includes the CFM International CFM56 series, GE CF6-50/-80, GE CF34, PW4000 and IAE V2500. Lufthansa Technik is a desig-nated warranty shop for a broad range of General Electric, CFMI, Pratt & Whitney, IAE engine types and operates the largest engine shop outside the United States of America.

Total Component Support TCS® is Lufthansa Technik’s most successful support product with more than 1,400 airplanes under contract. TCS® describes an airlines/ guarantee to participate in of the world’s largest aircraft component pools with re-gional outlets on all continents as well as dedicated stocks at their customers’ home bases. High-tech and cost-saving repairs are performed at the company’s headquar-ter in Hamburg, which also functions as an innovation center for the development of new repair technologies. In addition various subsidiaries of the Lufthansa Technik Group around the globe support customers on component MRO with fast-turnaround times.

Aegean Airlines is the most dynamically developing Greek airline and the first ever Greek airline to offer electronic ticketing and electronic check-in. Aegean offers 150 scheduled flights daily to 15 destinations in Greece and 10 internationally (in Ger-many, Italy, Cyprus, Bulgaria, Romania, Egypt). Aegean is a Regional Partner of Lufthansa providing access for its passengers to Lufthansa’s global network. Additional advantages of the cooperation are the collection and redemption of frequent flier miles by passengers travelling on both airlines.

With inquiries or for more information, contact:

Lufthansa Technik AG
Corporate Communications
Tel.: +49 40 5070 3667
Fax: +49 40 5070 8534
E-Mail: press.pr@lht.dlh.de
www.lufthansa-technik.com