Lufthansa Technik to provide comprehensive Component Support for Ethiopian Airlines A350 fleet

Joint Press Release
Ethiopian Airlines and Lufthansa Technik
Tigrai Online, Ethiopian News, July 28, 2016

Component MRO and spares pooling

Ethiopian Airlines has contracted Lufthansa Technik to provide comprehensive component support for the airline’s future Airbus A350 fleet. The corresponding Total Component Support TCS® agreement will run for a period of ten years and includes 14 aircraft. The contract comprises component maintenance, repair and overhaul as well as access to a pool of spares.

The contract underscores Lufthansa Technik’s many years of collaboration with Ethiopian Airlines as MRO in a number of different areas. These include an extensive Total Component Support for the carrier’s Boeing 787 fleet as well as material support for Ethiopian Airlines’ Bombardier Q400 regional aircraft fleet.

Mr. Mesfin Tasew, COO Ethiopian Airlines, said: “We are delighted that we were able to extend our long-term Boeing 787 component support with Lufthansa Technik to our newest A350 fleet.

Our partnership with Lufthansa Technik, which goes back to the 1990s, thus finds a successful continuation into the future. We are convinced that we will receive the same professional and reliable support for our brand-new fleet.”

Harald Gloy, Senior Vice President Component Services at Lufthansa Technik said: “We deeply appreciate the trust Ethiopian Airlines is expressing towards Lufthansa Technik by giving the A350 component support in our hands. This fosters our long-term partnership and we see in Ethiopian Airlines a strong and successful partner in Africa and beyond.”

Lufthansa Technik’s Total Component Support TCS® offers operators optimal component availability without the task of setting up and maintaining their own spare parts inventories. Customers benefit from a unique pooling concept: Lufthansa Technik stocks more than 100,000 components and guarantees 100 percent reliable delivery at a pre-determined service level. Members of the Lufthansa Technik TCS® pool also benefit from reductions in operating costs through economies of scale.

Lufthansa Technik:

The Lufthansa Technik Group, with more than 30 subsidiaries and about 26,000 employees worldwide, is one of the leading of services for the aviation industry. Lufthansa Technik is licensed internationally as a repair, production and development enterprise. The Group’s portfolio encompasses the entire spectrum of services in the areas of maintenance, repair, overhaul, modification and conversion, engines and components.

Contact

Lufthansa Technik AG

Corporate Communications

Weg beim Jaeger 193

22335 Hamburg, Germany

Phone +49-40-5070-3667

Fax +49-40-5070-8534

press.pr@lht.dlh.de

www.lufthansa-technik.com/media

Corporate Headquarters:

Lufthansa Technik AG, Hamburg

Registration:

Hamburg District Court HRB 56865

Chairman of the Supervisory Board:

Carsten Spohr

Executive Board:

Dr. Johannes Bussmann

(Chairman)

Constanze Hufenbecher

Antonio Schulthess

Dr. Thomas Stueger

About Ethiopian

Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seven decades of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.

Ethiopian commands the lion’s share of the pan-African passenger and cargo network operating the youngest and most modern fleet to 93 international destinations across five continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft.

Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with seven business centers: Ethiopian Domestic and Regional Airline; Ethiopian International Passenger Airline; Ethiopian Cargo; Ethiopian MRO; Ethiopian Aviation Academy; Ethiopian In-flight Catering Services; and Ethiopian Ground Service. Ethiopian is a multi-award winning airline registering an average growth of 25% in the past seven years.

For more information about this press release, please contact:

Mrs. Hanna Atnafu

Manager Corporate Communications

Ethiopian Airlines

Tel: (251-1) 517-89-07/656/165/913/529

CorporateCommunication@ethiopianairlines.com

www.ethiopianairlines.com

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www.twitter.com/flyethiopian