Lufthansa Technik increases sales and profit in 2007

In the maintenance, repair and overhaul (MRO) market for commercial aircraft the Lufthansa Technik Group reports a 6.7% rise in external revenues and pre-tax earnings of 287 million euros in 2007. This represents an increase of 18.6% over the previous year. The current Annual Report shows a total revenue of 3.6 billion euros for the 19 consolidated companies within the Lufthansa Technik Group.

Furthermore Lufthansa Technik released that it is building a research and development center in Hamburg for the Cabin Innovation business unit. Construction will start in March and the move into the new building is scheduled to begin as early as December. The new building represents an investment of around 10 million euros. In addition to offices, the center will feature state-of-the-art testing laboratories and exhibition areas for the new products that are being developed for customers around the world

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