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New Lufthansa Technik Aircraft Overhaul Site in Puerto Rico for Short/Medium-Haul Aircraft

April 10, 2014

Workforce of up to 400 / First layover 2015

HAMBURG, Germany, April 10, 2014 /PRNewswire/ –

Lufthansa Technik and the Commonwealth of Puerto Rico announced an agreement to create
a new aviation maintenance, repair and overhaul (“MRO”) facility in Puerto Rico, which
will service short-haul and medium-haul aircraft. Agreements to this effect have now been
signed with the government of Puerto Rico and the responsible port authority and the
company plans to start work in the next three months on the construction of the new
facility.

This is a major new step for Lufthansa Technik to expand its involvement in America.
The new company, Lufthansa Technik Puerto Rico (LTPR), will be based at Rafael Hernandez
International Airport in Aguadilla, a former U.S. Air Force Base located on the northwest
of the Island.

The company will employ up to 400 workers and run a total of five overhaul lines.
Initially it will operate two lines for Airbus A320 C-checks and D-checks. The first
layover is due to take place in 2015. Leader of the project is Elmar Lutter, who currently
holds the position of Managing Director at the European overhaul facility Lufthansa
Technik Budapest.

“We are very grateful to establish with our partner a new overhaul facility in Puerto
Rico. Lufthansa Technik Puerto Rico will be a important element in the long-term strategy
of Lufthansa Technik’s presence in the American market,” said August Wilhelm Henningsen,
CEO of Lufthansa Technik.

“This exciting partnership with Lufthansa Technik will create hundreds of high-skilled
jobs and will be a cornerstone of the aviation industry we are developing in Puerto Rico,”
said Alejandro Garcia Padilla, Governor of Puerto Rico. “With its decision to locate this
facility in Puerto Rico, Lufthansa Technik joins a growing list of international companies
that are investing in Puerto Rico in recognition of our favorable business climate and
geographical advantages.”

“What companies like Lufthansa are realizing is there has never been a better time to
invest in the United States,” said U.S. Commerce Secretary Penny Pritzker. “With
assistance from our SelectUSA team, we were able to assist communities in Puerto Rico that
are ready for investment, and – across the globe – help a great company, Lufthansa, invest
in the United States. By helping build strong partnerships like this one, we are able to
create jobs, spur economic growth, and promote American competitiveness around the world.”

Lufthansa Technik has already the firm commitments of two major American launching
customers for overhauls at the new site. One is JetBlue Airways. “This is very exciting
news for Lufthansa Technik, the Commonwealth of Puerto Rico, and for JetBlue as well,”
said JetBlue CEO Dave Barger. “As the largest airline serving the people of Puerto Rico,
we are honored to support and endorse Lufthansa Technik’s plans to build a heavy
maintenance base in Aguadilla, and we are very happy to be one of the first airlines to be
serviced there when it opens.”

Puerto Rico has a high potential of motivated and well-trained aircraft mechanics and
engineers. A dedicated technical school is currently training 100 people in these skills.
In addition Lufthansa Technik is committed to training additional personnel through its
subsidiary, Lufthansa Technical Training, in partnership with the University of Puerto
Rico and the Commonwealth’s Department of Education.

Media Conference Call today at 2:30pm Washington time

Puerto Rico Governor Garcia Padilla and Dr. Thomas Stueger, Member of the Executive
Board of Lufthansa Technik AG will be joined by Commerce Secretary Penny Pritzker for a
media conference call to discuss the agreement in more detail:

Toll Free Number: 1.800.434.1335

Direct Dial Number: 1.404.920.6442

Conference Code: 984389#

Lufthansa Technik:

The Lufthansa Technik Group, with more than 30 subsidiaries and about 26,000 employees
worldwide, is one of the leading providers of services for the aviation industry.
Lufthansa Technik is licensed internationally as a repair, production and development
enterprise. The Group’s portfolio encompasses the entire spectrum of services in the areas
of maintenance, repair, overhaul, modification and conversion, engines and components.

            Contact
        Lufthansa Technik AG
        Corporate Communications
        Weg beim Jaeger 193
        22335 Hamburg, Germany
        Phone +49-40-5070-3667
        Fax +49-40-5070-8534
        press.pr@lht.dlh.de

http://www.lufthansa-technik.com/media

SOURCE Lufthansa Technik AG


Source: PR Newswire



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