Lufthansa Technik Group reports solid 2023 financial results of major Asian subsidiaries
Hong Kong, March 15 -- Lufthansa Technik AG significantly increased both revenue and earnings in the 2023 financial year, benefiting from increased demand for maintenance and repair services due to the rising number of flights. Read More Among the major subsidiaries Lufthansa Technik Philippines, a joint venture with Macro Asia, generated revenue of 226 million euros (US$247 million). Lufthansa Technik Shenzhen, a joint venture with Beijing Kailan Aviation Technology generated revenue of 107 million euros. The group is also a stakeholder in Lufthansa Technik Component Services Asia Pacific Limited, Hongkong, and flydocs India Private Limited, Vadoora, as well as joint-venture partner in Airfoil Services Sdn. Bhd., Kuala Lumpur, and Lufthans...
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