Annual Report 2019
A record year
In the past year we continued our growth path and closed 2019 with record revenue and earnings. However, the extent of the worldwide aviation crisis affecting also Lufthansa Technik cannot yet be forseen, but the impact will be massive.
Strong growth continued in 2019
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. Last year alone we acquired 25 new customers and signed 625 contracts.
Our strategy of long-term partnerships with engine and component manufacturers (Original Equipment Manufacturers) reached important milestones with the start of operations at the two joint ventures XEOS (with GE Aviation) and EME Aero (with MTU Aero Engines) in 2019. Lufthansa Technik also continued to drive the digitalization of the industry with its AVIATAR platform: More than 30 different modules are now offered to meet the various needs of airlines.
The company's success in 2019 is largely due to the skills and dedication of our employees. We would like to thank every one of them for their hard work and commitment. And, of course, we would also like to thank our customers for their cooperation and trust.