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Spirit AeroSystems, Lufthansa Technik ink multi-year cooperation pact

US-based aerostructures manufacturer Spirit AeroSystems Inc (NYSE: SPR) said that its Spirit AeroSystems (Europe) Ltd and German carrier Lufthansa´s Lufthansa Technik AG unit have entered into a multi-year cooperation agreement related to the joint provision of repair overhaul and supply services for the CFM56-7B and GE90-94/-115 (NYSE: GE) thrust reversers and cowlings.

The deal covers systems operated by Lufthansa Technik´s customers in the Europe Middle East and Africa (EMEA) region.

Under this agreement, Lufthansa Technik and Spirit AeroSystems will utilize each other´s repair facilities and capabilities in the EMEA region as well as other support elements for each company´s respective repair and overhaul services.

Part of the cooperation is a supply agreement whereby Spirit AeroSystems will supply thrust reverser, fuselage and wing components to Lufthansa Technik.

In response to the growing regional demand for the supply, repair and overhaul of GE90 nacelle components, Lufthansa Technik and Spirit AeroSystems will place inventory, including GE90 thrust reversers and cowlings, in the Lufthansa Technik Middle East Services´ headquarter location in Dubai.

The regional availability of such oversized components in the Middle East will allow operators to avoid the high expedited transportation costs associated with such components, the firms said.

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