Annual Report 2018
A period of transformation
One glance over the apron at an airport is enough to see that, on the surface, aircraft hardly seem to have changed for decades. Nevertheless, the entire aviation industry is currently in a period of enormous technological and industrial transformation.
The company grew more strongly than the market as a whole, with turnover rising by 10 percent to an all-time high and a slight increase in profit despite major investments and growing price pressure. The faith of our customers is unswerving, and Lufthansa Technik is now responsible for more than 5,000 aircraft. This means that we support one in five commercially operated aircraft on the planet. We have reinforced our leading position in the industry even further.
Digitalization is affecting the entire aviation industry. Vast quantities of aircraft data, transferred in real time, combined with new analytical possibilities, are opening up completely new vistas for the industry in terms of predictive maintenance and fault analysis.
With AVIATAR, we offer the industry's only solution worldwide that combines digital analysis technologies with tangible implementation in the maintenance of aircraft and equipment. And the success proves the validity of our approach. We have established a foothold in every single major airline group in the world, anchor customers with whom we are working together to bring our business into the digital age.