Lufthansa Technik expects slower growth in 2006

Lufthansa Technik Group, which saw its operating profit climb 26% to €258 million in 2005 (ATWOnline, March 24), said growth should slow in 2006 as the competitive environment heats up. LHT Executive Board Member August Wilhelm Henningsen said at a press briefing that he expects 4%-5% growth in business this year, all of which should come from outside Lufthansa Group. Last year, 58% of LHT's work came from third-party clients as it increased its total global customer base by 4%. To ...