Lufthansa Group Decides to Retain Full Ownership of LH Technik, Embracing New Opportunities in Evolving Engine Market

In a strategic shift, the executive board of Lufthansa Group has opted to maintain its position as the sole shareholder in Lufthansa Technik, abandoning previous plans to sell a minority stake in the maintenance subsidiary. The decision comes as the evolving engine market presents promising prospects for the MRO (Maintenance, Repair, and Overhaul) specialist.

The group had initially explored selling a 20% stake in Lufthansa Technik, a move that would have potentially garnered up to EUR7 billion euros (USD7.7 billion). However, the decision to retain full ownership aligns with a new vision for growth that excludes reliance on external investors.

Detlef Kayser, Chairman of the Supervisory Board of Lufthansa Technik, emphasized the increased strategic value of the MRO specialist within the Lufthansa Group, particularly in light of ongoing challenges, especially with engines. Kayser stated, “In view of the ongoing manufacturer problems, the strategic value of our Lufthansa Technik as an integral part of the Lufthansa Group has again increased significantly in recent months. We see this as a great opportunity to further develop our MRO division strategically with an ambitious growth program and to further increase its profitability.”

Lufthansa Technik, with ten base maintenance locations spanning three continents—including key hubs like Frankfurt International, Munich, and Manila Ninoy Aquino International—aims to leverage its integral role within the Lufthansa Group to strategically expand and enhance profitability in the dynamic landscape of the aviation industry.