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Lufthansa Technik Philippines Breaks Ground on New P10B Aircraft Maintenance Hub in Clark
Lufthansa Technik Philippines (LTP) has commenced construction of a new aircraft maintenance, repair, and overhaul (MRO) hub at Clark International Airport. The investment is estimated to be in the hundreds of millions of dollars, with operations set to begin in 2028 and create approximately 1,200 highly skilled jobs.
Lufthansa Technik Philippines (LTP), the joint venture between Lufthansa Technik and MacroAsia Corporation, on Thursday broke ground on its new aircraft maintenance, repair and overhaul (MRO) hub at at Clark International Airport. At the sidelines of the groundbreaking event, LTP president Holger Beck told reporters the company pegs its investment for its Clark MRO hub at “a three-digit million-dollar” or “anywhere between $100 million to $999 million.” The company’s second MRO hub will rise on a 157,000-square-meter site, complementing the company’s long-standing presence in Manila—around 100 kilometers away from Clark. As Lufthansa Technik’s competence center for widebody aircraft within its worldwide network, LTP specializes in the MRO of Airbus A330, A340 and A380 as well as Boeing 777 aircraft. With the additional facility in Clark, the company intends to add the Airbus A350 and the Boeing 787 to its portfolio. The Clark hub is set to begin operations in 2028 and expected to create around 1,200 highly skilled jobs. Soeren Stark, CEO of Lufthansa Technik and chairman of the Board of Lufthansa Technik Philippines, said, “Lufthansa Technik is significantly expanding its footprint across the Asia-Pacific region and around the globe.” “Given the future potential of the MRO market, building a second site in the Philippines is one of the consequences of our growth strategy. It is the right step at the right time – we are creating the capacity today that commercial airlines will need by tomorrow at the latest. Our new facility in Clark will play a crucial role in the aviation industry, both in the fast-growing Asia-Pacific market and beyond,” said Stark. Beck added that the “investment is about much more than a new facility,” but “a commitment to the next 25 years, and hopefully, many more.” “It reflects our confidence in the Philippines, in the talent of the Filipino people, and in the strong partnerships we have developed and nurtured over the last decades. On the occasion of today’s milestone, I would like to express my sincere thanks to our partners, customers and employees, and everyone supporting Lufthansa Technik Philippines on its path of growth,” Beck said. — BM, GMA News
Original source
GMA Money Philippines