Lufthansa Technik to provide Total Component Support for SmartLynx Airlines

- Seven-year contract covers service of more than 60 aircraft

Lufthansa Technik has signed a seven-year contract with SmartLynx
Airlines, the leading ACMI (Aircraft, Crew, Maintenance and
Insurance), cargo and charter services provider, to provide Total
Component Support (TCS) for their entire fleet. The recently signed
contract covers more than 60 aircraft, including 53 Airbus A320s, ten
A330s and four Boeing 737 MAXs.

SmartLynx Airlines has experienced rapid growth in recent years, and
is now focused on excellence and reliability for its customers. By
partnering with Lufthansa Technik, SmartLynx Airlines aims to
optimize its service and achieve better performance. The TCS contract
has gone into effect on May 1 and includes services such as spare
parts pooling and MRO (Maintenance, Repair & Overhaul) for the
required components. SmartLynx Airlines will benefit from an
individual supply concept that enables short and fast transport paths
within Lufthansa Technik's global supply chain, including AOG
(Aircraft On Ground) support for time-critical components.

Lufthansa Technik will as of now support SmartLynx Airlines to ensure
the highest performance and flexibility for its complex business
portfolio. The support will be especially critical during the
upcoming peak season. Lufthansa Technik will assist SmartLynx
Airlines with seamless availability of components for smooth and
successful operations.

Zygimantas Surintas, CEO of SmartLynx Airlines, states: "As we gear
up for the busy summer season, the safety and comfort of our
customers continue to be our top priority. Last year we faced
challenges due to the pandemic's lingering effects on spare part
availability, and we are fully committed to avoiding any repeat of
those difficulties this year. Our new contract with Lufthansa Technik
is critical to reaching our goal of optimizing our performance and
becoming the world's leading and trusted ACMI airline."

Kai-Stefan Roepke, Vice President Corporate Sales EMEA Lufthansa
Technik, says: "We are very proud to be the new component provider
for SmartLynx Airlines. I would like to thank them for their trust in
Lufthansa Technik and our state-of-the-art TCS services which promise
excellent quality and assistance for the highest performance."