Lufthansa Technik 2016 profit down 9.5%

Hamburg-based MRO provider Lufthansa Technik Group (LHT) reported a 2016 adjusted EBIT profit of €411.3 million ($431.9 million), down 9.5% from €454.4 million in 2015. “We see a positive trend as the global MRO business [is expected to grow] 5.6 % [in 2017],” LHT executive board chairman Johannes...

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