Lufthansa Technik Prospering in Fierce Market

Completions of corporate and VIP aircraft were worth $111 million in sales to Lufthansa Technik last year, an increase of 20 percent over the 2001 figure. “A big VIP aircraft completion represents between 100,000 and 200,000 working hours,” noted executive board chairman August Wilhelm Hennigsen. “Currently our capacity is fully utilized through most of the third quarter.” But the market is fierce. “We are competing for other projects and are confident we will get one,” he said. Otherwise we will have to try to redeploy staff.”