Comprehensive Total Component Support for approximately 1,000 Airbus
A320 family aircraft
Strategic parts supply solutions tailored to each individual
airline's requirements
Intensive use of predictive component maintenance and other smart
AVIATAR solutions

In recent weeks, Lufthansa Technik AG sealed major new long-term
contracts for the strategic component support of renowned ultra
low-cost (ULCC) airline brands Wizz Air, Frontier Airlines and
Volaris. The new agreements take into account the three carriers'
rapidly growing fleets, and thereby offering new levels of synergies
and flexibility for further growth. Based on current fleet plans, the
new Total Component Support (TCS) deals will ultimately cover
approximately 1,000 aircraft of the Airbus A320 family.

Lufthansa Technik's Total Component Support (TCS) usually encompasses
services such as spare parts pooling and an MRO (maintenance, repair
& overhaul) coverage for thousands of part numbers required in
regular airline operations. While all three aforementioned airlines
will make extensive use of these standard offerings, the recently
signed contracts also include more specialized service packages that
directly address any airline's individual requirements and tailor the
contracted component supply accordingly.

The ten-year contract with Wizz Air Hungary, Wizz Air UK, Wizz Air
Abu Dhabi, and Wizz Air Malta, for example adds dedicated component
lease and supply services to six logistic hubs in Europe (Katowice,
Budapest, Bucharest, Sofia, Rome, London) and one in the Middle East
(Abu Dhabi). Moreover, the contract provides additional flexibility
for the airline that can now easily extend it to additional AOCs (Air
Operator Certificates) it might set up in the future. Currently, Wizz
Air operates a fleet of 166 A320 family aircraft, but it is set to
grow to 500 aircraft by 2030.

The agreement with Frontier Airlines also includes special on-site
team support in which Lufthansa Technik's experts will be working
hand in hand with the airline's local teams to supply, return and
troubleshoot components at eleven maintenance stations throughout the
United States. The airline can also rely on lufthansa Technik's
extensive local component MRO capabilities. An overarching supply
concept will moreover make sure that critical material is
strategically positioned in dedicated homebase stocks and warehouses
all across Frontier's operation. By 2029, Frontier's fleet will have
nearly tripled from 115 A320-family aircraft today to 272 aircraft.
The contract with Volaris boosts Lufthansa Technik's components
business in the Americas by another triple-digit number of aircraft.
From 114 aircraft operating today, the carrierĀ“s fleet is set to
almost double in the duration of the contract. Volaris will not only
benefit from the MRO provider's local parts pooling capabilities,
they will moreover make intensive use of Lufthansa Technik's AVIATAR
digital operations suite, jointly exploiting smart services such as
Condition Monitoring, Reliability Monitoring and predictive component
maintenance with the aim to avoid in-flight component failures and
keep the number of technical diversions to a minimum.

"We are pleased to extend our Total Component Support contract with
Lufthansa Technik, which we have worked with since Wizz Air was
founded in 2003. Lufthansa Technik is a trusted partner that
understands and can support our ambitious growth plans," said Michael
Delehant, Executive Vice President & Group Chief Operations Officer
of Wizz Air. "We look forward to working even more closely with the
team as we grow our fleet to 500 aircraft by the end of the decade."
"Frontier is very pleased with the execution of a favorable,
long-term extension of our Total Component Support Agreement with
Lufthansa Technik. By extending this relationship through the end of
2031, we are not only showing the trust that we have in Lufthansa
Technik to support Frontier's rapidly growing operation, but we are
also establishing a strategic partnership that will only strengthen
Frontier's position as a leader in the ULCC marketplace. At Frontier
we believe the sky is for everyone, and with a partner like Lufthansa
Technik, we are confident we will be able to continue to offer the
low fares our customers have come to know and love," said Spencer
Thwaytes, Vice President and Treasurer, Frontier Airlines.

"Volaris will benefit to continue having access to one of the largest
and most reliable aircraft component pool, MRO component solutions
and home base stock expert advise that will support our three Air
Operator's Certificates in Mexico, El Salvador and Costa Rica," said
Holger Blankenstein, Executive Vice President of Volaris Airlines.
"Wizz Air, Frontier und Volaris are impressive examples of successful
ultra-low-cost carriers that are embarking upon ambitious growth
plans. We feel honoured being chosen to accompany and support their
success stories as an integral partner," said Soeren Stark, Chief
Executive Officer of Lufthansa Technik. "The long-term extension of
the components contracts with these three airlines not only
underlines our competitiveness in a price-sensitive and more and more
digitally-driven market, it also provides a significant boost for our
components business in the Americas and Europe."

Wizz Air, Frontier and Volaris already enjoy a long-standing and
successful business relationship with Lufthansa Technik. The MRO
company's services for Wizz Air even date back to the airline's
foundation in 2003. Besides the recently extended component services,
Lufthansa Technik takes care of the Subcontracted Continuous
Airworthiness Management Tasks (SCAMT) for various AOCs of Wizz Air
and provides the airline with comprehensive digital services from its
AVIATAR portfolio. Frontier has been a customer since 2014 and also
receives overhauls and Mobile Engine Services (MES) for its CFM56-5B
engines as well as Cyclean engine washes from Lufthansa Technik.
Volaris first contracted Lufthansa Technik in 2012 and, beside the
components support, has meanwhile also received MES for its V2500