The expansion, according to Lutter, will create 275 new job opportunities for Filipino workers. LTP currently employs 3,300 Filipinos across the key cities nationwide.
Lufthansa Technik AG currently services the fleet of various airlines, including Philippine Airlines, British Airway and Korean Air among others.
Lufthansa Technik Philippines (LTP) this week broke ground for a new hangar meant to expand the service capacity of the aircraft maintenance, repair, and overhaul (MRO) company by at least 20 percent.
Leading the groundbreaking ceremony in Pasay City was LTP president and CEO Elmar Lutter who said the new hangar, dubbed Hangar 1A, will be an exact replica of the existing Hangar 1.
Established in 2000, LTP is a joint venture of Hamburg-based Lufthansa Technik AG and Philippines’ biggest aviation support service provider MacroAsia Corporation.
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Hangar 1 currently services the fleet of various airlines, including Philippine Airlines, British Airways, Korean Air, Asiana Airlines, and Saudi Arabian Airlines, among others. The LTP services various types of passenger airliners such as the Boeing 777, Airbus A320, A330, A350, and A380, the largest passenger airliner in the world.
“This expansion will also add at least 10 percent of the company’s revenue,” Lutter told reporters while noting the project will allow LTP to service more aircraft, especially the A380.
With a total area of 9,000 square meters, Lutter said the construction of Hangar 1A will cost $4 million to build. The expansion project answers Asia-Pacific’s growing MRO demand and further strengthens the country’s position as an ideal aviation services hub in the region.
“Lufthansa has always been the country’s forerunner in the MRO industry. As we approach our 20th year, it’s about time we showcase the Philippines as an aviation stronghold in Asia-Pacific,” he said.
The construction of Hangar 1A will mark the 10th bay in the MRO massive Manila site. The expansion, according to Lutter, will create 275 new job opportunities for Filipino workers. LTP currently employs 3,300 Filipinos across the key cities nationwide, including Clark, Cebu, Davao, Kalibo, and Puerto Princesa.
“It will help the Philippine MRO industry grow, together with the sustained growth of the Philippine economy,” he pointed out.
