Deutsche Lufthansa unit Lufthansa Technik has won a maintenance deal worth around 100 million euros ($129 million) over five years from Middle East airline Gulf Air.
Lufthansa Technik which maintains, repairs and overhauls planes confirmed a report to be published in Tuesday’s Handelsblatt business daily, saying it was Lufthansa Technik’s biggest Middle East contract yet.
Under the deal, Lufthansa Technik will overhaul and manage over 1,400 different components for more than 30 Gulf Air planes, a mixture of Airbus and Boeing aircraft, he said.
Lufthansa Technik said last week price pressure in the industry this year would make it hard for it to match last year’s results, when its operating profit rose by one-third to 207 million euros.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.