There are 2 articles of interest in Overhaul and Maintenance magazine this month. One is the cover story about the top 10 MRO's and then on the last page an article talks about Lufthansa Techniks profits. L.T. by the way is the number 2 MRO n the world. When you combine the stats on the 2 articles, Lufthansa Techniks accomplished 5.4 million hours of maintenance of which 2.6 million were on 3rd party for a profit of only 227.3 euro or around $300 million for the entire operation. This would equate to over 2,600 workers for the entire operation or 1250 for the 3rd party work based on the reported man-hours. They don't breakout the 3rd party profit numbers so you don't know how much is 3rd party profit. But even it you put the entire amount as 3rd party profit, is AA willing to dedicate 1250 heads towards making $300 million a year? L.T. has been in the 3rd party business for over 10 years and that's the best they can do, how does AA expect to pull off this $500 million over the next 18 months. L.T. signed up 255 new customers alone last year which gave them only 330 million euro in additional sales.
You can find the story on aviationnow.com/om but it shows you must pay for it. I scanned it but usaviation won't let me post it because of its size.
You can find the story on aviationnow.com/om but it shows you must pay for it. I scanned it but usaviation won't let me post it because of its size.