Lufthansa Technik has announced plans to invest over one billion euros globally across the Americas, APAC, and EMEA regions. This aligns with its ‘Ambition 2030’ strategy to reinforce its market position, especially in North America and Asia.
“Our plans substantiate our aim to expand our leading market position,” stated Dr. William Willms, Lufthansa Technik’s chief financial officer, also emphasising the need to drive revenues to support the company’s growth and investments.
The company targets an Adjusted EBIT for 2024 comparable to last year’s record €628 million, despite industry challenges like material supply issues. After the third quarter, the figure stands at €486 million, up 5.9% from last year, with revenue increasing 13.9% to €5.5 billion.
Lufthansa Technik has signed 523 new contracts this period, expanded digital and sustainable services, and introduced AeroSHARK technology to South American and Asian airlines for better fuel efficiency. It recently celebrated a new hydraulics workshop in Hamburg, with further workshop expansions and new plant projects underway.
The company also acquired a majority stake in ETP Thermal Dynamics in the US, boosting its components business and supply chain. By the end of September, Lufthansa Technik employed 24,114 people worldwide, a workforce increase of roughly 2,000 since last year.
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