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Singapore: Airplane service firms announce plans to fly together

 |  October 28, 2013

Airplane parts manufacturer AeroTurbine announced plans to enter into a joint venture with the world’s largest aircraft tech servicing firm Lufthansa Technik, say reports.

The companies have agreed to a commercial partnership that will supply AeroTurbine material to Lufthansa; AeroTurbine will subsequently buy maintenance services from Lufthansa.

The deal, which remains subject to regulatory approval, also includes plans for Lufthansa to acquire a 15 percent stake in AeroTurbine, a share currently owned by ILFC.

Full content: Herald Online

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