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lufthansa technik has a mission keep em flying the company a subsidiary of deutsche lufthansa hassix business units that keep commercial airline and private business customers ready for flight maintenance provides aroundtheclock maintenance repair and overhaul services overhaul specializes in intensive aircraft overhauls engines focuses on scheduled engine overhauls components and logistics provides logistics and spare parts distribution services landing gear ensures safe and soft landings and vip aircraft installs vip jet interior customizations lufthansa technik which hasover50affiliates and subsidiaries countsabout 650customer airlines worldwide european revenues represent around 70 customers include aircraft leasing companies as well as airlines and vip jet operators to offer its discriminating customers even more options lufthansa technik created a joint venture withpanasonic avionicsin fall 2010 the resulting companynamed idairwill develop and make inflight communications as well as entertainment and cabin management systems for highend vip aircraft clearly there is call for the companies offerings as it signed over 500 contracts in 2008the companies contracted includeaer lingus norwegian air shuttle and national air services in saudi arabia to name a few the company made headway in the north american market by signing a fiveyear contract withupsfor the overhaul of their md11 engines the company also assumed the entire technical support for thegeand cfm56 engines of all of theqantasfleets additionally lufthansa technik switzerland was launched in the same year as well as a new company for aircraft overhaul in bulgaria lufthansa technikwas flying with the jet stream in the first half of 2008 buthitamarket industryair pocketthe second half of the year along with the financial and economic crisis felt worldwidehigh oil prices added an additionalheadwind toitsflight path the mro market decreased for the first timein over 15 years however the company mitigated for the losses bystreamlining its production making strategic acquisitions and customizing service products thus expanding its growth the company owns over 30 technical maintenance and overhaul facilities around the world the largest are in berlin frankfurt opened in 2008 hamburg and munichthe largest hangar is in beijing where technical work is conducted on theairbusa380s

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