LHT extends Asiana TCS contract for 10 years

Lufthansa Technik has extended its existing Total Component Support (TCS) cooperation with Asiana Airlines (OZ) for an additional 10 years.

The new agreement, announced at the Singapore Airshow, covers the carrier’s fleet of 29 Airbus A320s and eight Boeing 737s and includes component pooling and MRO services. The renewal also includes extending the supply to include “many” new part numbers.

“Based on the experience and belief on Lufthansa Technik’s strong technical/customer support, we are satisfied to extend the long-term partnership,” OZ EVP and CFO planning Chang-Soo Han said.

“We want to grow, we grow in all markets,” Lufthansa Technik AG chairman August Wilhelm Henningsen told reporters in Singapore. “With a growth pattern we are seeing here, and what we expect in the coming years, we will concentrate some more on the Asian market.”