Lufthansa Technik AG will close its Dublin-based jet engine overhaul facility Lufthansa Technik Airmotive Ireland (LTAI) after it could find no rescue solution. On Dec. 20, LTAI served termination notices to about 400 staff. On Nov. 15, LTAI had announced the start of a 30-day process to consider closing the company, subject to consultation with all relevant parties. This followed an extensive review of operations at LTAI, in the context of declining revenues and shrinking international ...

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