Gulf Air, Lufthansa Technik sign US$138 million deal
James Hogan, Gulf Air’s President and Chief Executive visited Lufthansa Technik’s headquarters in Hamburg where he met with counterpart, Chairman of the Executive Board, August W. Henningsen, to sign a BD52 million (US$138 million) contract for the provision of inventory and component maintenance services over a five-year period.
The Total Component Support TCS® agreement, which follows the sale in 2004 of most of Gulf Air’s stock of rotable components, covers component provisioning from specification, initial provisioning, home-base allocation to repair and overhaul, logistics, troubleshooting and engineering services.
Outlining the reasons for the airline’s divergence from past practice, Mr. Hogan said: “Aligning ourselves with Lufthansa Technik, which is recognized as the world leader in this area, has several important operational benefits, the most important being that as a turnkey solution it reduces business complexity, allowing us to focus on the customer.”
For Lufthansa Technik August W. Henningsen pointed out: “As a well considered airline within the Middle East, Gulf Air is not only relying on our complete portfolio of MRO services for components, but will take advantage of our assistance throughout their network, also in cooperation with GAMCO. With its modern fleet of Boeing and Airbus aircraft Gulf Air will be an important customer to count on our services to ensure highest reliability and efficiency.”