LBAS Joint Venture Partners Agree to Extension

AINmxReports » September 16, 2009
September 16, 2009, 11:30 AM

The three companies–Lufthansa Technik, Bombardier Aerospace and ExecuJet Aviation Group–that operate the joint venture Lufthansa Bombardier Aviation Services (LBAS) have agreed to modify and extend the terms of their arrangement and continue operating the maintenance company that they started more than 10 years ago. Lufthansa Technik and Bombardier launched LBAS at Berlin Schönefeld Airport in Germany in 1997 and ExecuJet joined the venture in 2005. LBAS specializes in maintenance on Bombardier Learjets, Challengers and Globals and holds Part 145 approvals from 15 different aviation authorities. LBAS employs 160 people and fields a mobile repair team that travels to distant locales such as Russia, the Cape Verde Islands and Mauritius to solve customer problems. “The continuation of the joint venture demonstrates the trust of all three shareholders in LBAS’s corporate concept,” said managing director Andreas Kaden. “Hence, we continue to successfully manage through this difficult economic period and are poised for future growth.”

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.