Meggitt PLC, a leading international company specialising in high
performance components for the aerospace, defence and selected energy
markets, and Lufthansa Technik AG, a world leader in maintenance,
repair and overhaul (MRO) services, have signed an agreement for the
provision of comprehensive component MRO services for commercial
aircraft in mainland China.

Under the agreement signed at the Paris Air Show yesterday, Lufthansa
Technik Shenzhen (LTS), a joint venture between Lufthansa Technik AG
and Beijing Kailan Aviation Technology Co., Ltd., will build local
MRO capabilities for Meggitt products including heat exchangers,
valves, fire detectors and fire suppression. The partnership will
provide customers in mainland China with world-class repair and
service levels for a range of products; delivered from LTS's 25,000
square meter facility.

Asia is one of the fastest growing regions for aerospace, with a
large number of aircraft entering into service to meet growing
passenger demand. An additional 4,700 aircraft are forecast to be
delivered into the region over the next decade.

Stewart Watson, President of Meggitt's Services & Support division,
said: "This is a long-term partnership for the fastest growing market
in the world and combines Meggitt's OEM know- how with Lufthansa
Technik MRO expertise. We have invested significantly in all our
facilities across Asia as part of our investment programme in the
region and have an established Singapore centre of excellence, which
opened in 2012. Our ability to offer our Chinese customers an
in-country capability will enhance the consistent, world-class levels
of support we provide to our customers globally."

Ben Scheidel, Chief Executive Officer of Lufthansa Technik Shenzhen,
said: "Meggitt provides world-class technologies for a broad range of
aircraft types. Hence, we look forward to establishing this new and
unique collaboration as the exclusive MRO shop for a wide range of
Meggitt products in the Chinese market. Through our high tech
facility in Shenzhen with its long standing and successful history,
we will provide an excellent MRO quality combined with an impeccable
customer service. The close engineering and data exchange between
Meggitt and LTS will increase safety, reliability and simultaneously
optimise costs for our customers."