More than 100 Airbus A350s under contract already
Offices and logistics centers opened throughout the region
Local presence of top management

The Lufthansa Technik Group celebrates the first year anniversary of
the establishment of Lufthansa Technik Component Services Asia
Pacific in Hong Kong. The move last year facilitated the expansion of
the component division's presence in the Asia Pacific (APAC) region.
The new regional set-up has been contributing greatly to the success
of the component division over the last 12 months. Looking at the new
Airbus A350 alone, material supply contracts for more than 100
aircraft have already been signed.

By now, the Group's component division has almost 300 employees
across the APAC region, including Hong Kong, Shenzhen and India, to
support the growth of business. The regional logistics centers are
located in Hong Kong, Singapore and Tokyo, contributing to the
division's extensive network in Asia.

Lufthansa Technik Component Services Asia Pacific was founded in
September 2016 with the aim of widening the component division's
footprint across the region and offering customer support and
component supply services in closer proximity to the customers. In
the past year alone, there were more than 30 new hires in the APAC
headquarters. The warehouse in Hong Kong has already reached its
capacity limit and is therefore due to undergo further expansion.
Important management positions have been shifted from Germany to the
region with Burkhard Pfefferle-Tolkiehn, Vice President Component
Services for Asia Pacific at Lufthansa Technik, in Hong Kong.

"Lufthansa Technik Component Services Asia Pacific is located at the
heart of the fastest growing aviation market in the world. With the
local network of Lufthansa Technik production facilities and access
to the global know-how of our company, we are able to offer our
customers complete solutions when it comes to technical services,"
says Burkhard Pfefferle-Tolkiehn.

"With Lufthansa Technik Shenzhen, we are already the market leader
for many repair services, and it is our aim to extend this position
to other areas."

The APAC region plays a central role in the growth strategy of
Lufthansa Technik. In 2016 alone, the Group's APAC revenue grew by 22
percent to around 600 million euros. This dynamic development is
continuing: More than 500 aircraft from over 30 customers in the APAC
region are under long-term exclusive contracts for component services
with Lufthansa Technik.

Lufthansa Technik now has representative offices in China, Japan,
Singapore, India, Thailand and the Philippines. An office will soon
be opened in Taiwan as well. Together with Lufthansa Technik Shenzhen
as an important repair facility and the strengthening of local
workforce in the APAC region, the Lufthansa Technik Group is geared
up for further regional growth in the area of components.