Lufthansa Technik pursues $40-M 4th PH hangar project READ:
Lufthansa Technik Philippines , the country’s leading provider of aircraft maintenance, repair, and overhaul services, is pursuing construction of its $40 million fourth hangar in the country, increasing its capacity by 25 percent and hiring 275 new workers, believing that aviation demand is coming back sustainably.LTP President Elmar Lutter said Hangar1A and the auxiliary buildings started full construction in September after a year’s delay due to the pandemic.
Lutter also admitted the organization underwent right sizing last year. “After the right sizing, we still have 2700 employees. And I hope that by next year we will go back to our old strengths, 3400. We actually reduced by 700 in a mixture of early retirements, voluntary separation, and also a small portion of retention,” he said.
At present, LTP has narrow-body aircraft in base maintenance, alongside the white bodies that they hope to increase to six by next year. Lutter explained the $40 million investment is being funded by local loans that it took before the pandemic and some internal funds.
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