The portfolio of Lufthansa Technik Logistik Services
Lufthansa Technik Logistik Services (LTLS) specializes in the provision of logistics services for the aviation sector. The company is responsible for the entire logistics value-added chain in the fields of: maintenance, repair and overhaul of flight equipment. Lufthansa Technik Logistik Servicesoffers its customers tailor-made logistics services, as a one-stop-shop solution. For more detailed information on Lufthansa Technik Logistik Services' core competencies and its integrated service products on a Total Logistics Service basis visit the webpage of Lufthansa Technik Logistik Services (see below).
Lufthansa Technik Logistik Services was founded in 1998 as a joint venture between Lufthansa Technik AG and Lufthansa Cargo AG (LCAG). In the following four years LTLS went from strength to strength, already doubling its turnover to over Euro 100 million. Today, the company is a 100 percent subsidiary of Lufthansa Technik and employs a workforce in excess of 850. Up to 80 percent of LTLS' customers are aviation companies; however, LTLS' customers also include providers of logistics services and industrial companies.
In the past five years LTLS has grown from an internal materials management function of Lufthansa Technik to a leading provider of logistics services in the international aviation sector, representing a 7 percent share of the world market.
Contributing to around 80 percent of total turnover, the majority of Lufthansa Technik Logistik Services' key accounts are still derived from the main business activities of Lufthansa Technik AG: Maintenance, Overhaul, Engines and Components. Through the extension and development of logistics as a specialized business segment, additional blue-chip customers have been won. In the field of aviation, customers include Airbus, Asiana, Hamilton Sunstrand , Hawker-Pacific Aerospace and Rolls-Royce. Well-known logistics service providers such as FedEx, DHL and Panalpina and other leading industrial corporations, such as, Siemens Medical are all satisfied customers of Lufthansa Technik Logistik Services.