Lufthansa Technik: Exclusive engine contract with Mango Airlines

Lufthansa Technik AG and Mango Airlines from South Africa have signed
an exclusive contract for the maintenance of CFM56-7B engines, which
power the airline's fleet of ten Boeing 737NG aircraft. Within the
framework of the agreement, Lufthansa Technik will provide overhaul
services for the engines at its German locations until 2022.

Mango Airlines' parent company, South African Airways, has been
receiving exclusive support from Lufthansa Technik for the CFM56-7B
engines of its Boeing 737NG fleet for more than 15 years already.
This new agreement now comprises at least 19 overhaul events over the
next five years, with billing on a power-by-the-hour basis.

"We are very pleased to expand our footprint in South Africa by
adding Mango Airlines to our customers," said Robert Gaag, Vice
President Corporate Sales Europe, Middle East & Africa at Lufthansa
Technik. "Lufthansa Technik has a long lasting presence in this
region and this agreement is a further proof that our services can be
tailor-made to the different needs of this market."

The newly signed contract with Mango Airlines means that Lufthansa
Technik is adding another South African customer to its base and now
has long-term maintenance contracts with all major airlines in the
country. Besides South African Airways (SAA) and SAA-Technical, its
customers also include the airlines Comair and Safair.