Lufthansa Technik AG significantly increased both revenue and earnings in the financial year 2022 despite a challenging environment. The clear recovery of the aviation industry as a whole drove demand for maintenance, repair and overhaul (MRO) of aircraft sharply upward. The continued systematic pursuit of restructuring, an advantageous US dollar exchange rate and the company’s excellent market positioning also contributed significantly to the financial success.
The year 2022 was also marked by digitization and sustainability: Lufthansa Technik is the only MRO company to offer its customers its own solutions for reducing their ecological footprint. AeroSHARK, developed jointly with BASF, is one example. In December, the European Union Aviation Safety Agency (EASA) issued a Supplemental Type Certificate for the sharkskin modification, which will enable Lufthansa Technik to make every Boeing 777-300ER and 777F about one percent more fuel-efficient and lower in emissions.
The Hydrogen Aviation Lab in Hamburg is looking into a more distant future. This field laboratory based on an Airbus A320 is currently being fitted with various technical installations that will allow research into a wide range of maintenance and ground processes for future aircraft powered by hydrogen.
The acquisition of SWISS Aviation Software (Swiss-AS) and its widely used MRO software AMOS as well as the takeover of Lufthansa Industry Solutions (LHIND) will allow the company to further expand the existing digital offer.
The company is significantly expanding its investment activities in support of its growth strategy. A total of 65 million euros alone is earmarked for the continued construction of a hydraulics workshop at the Hamburg site, which is scheduled for completion by 2025. Until then, new VIP interior workshops with adjoining paint center will be built at the same location, which will likewise involve an investment in the high-double-digit million-euro range.