DZP has assisted with the structuring and set up of a joint venture between MTU Aero Engines and Lufthansa Technik.
According to DZP, "the contract, which followed up on an agreement on the general principles of the cooperation concluded in February 2017, was finalized by the two companies on December 4. Each of the partners will hold 50% of shares in the new company."
Lufthansa Technik provides MRO services for aircraft engines and engine components. According to DZP, "it offers a wide range of services tailored to customers’ needs as part of both stand-alone orders and comprehensive maintenance services during the aircraft life cycle. Lufthansa Technik also offers special services such as aircraft lease and aircraft sale assistance, e-services, and emergency AOG services."
MTU is a manufacturer of aircraft engines. According to DZP, "it designs and manufactures engines for commercial and military aircraft of a full range of thrust capability and industrial gas turbines. It also provides maintenance services for these products.
The joint venture company — EME Aero — will be based in Poland and is expected to employ more than 800 employees. It will carry out maintenance, repair, and overhaul of aircraft engines produced by the US firm Pratt & Witney and used in Airbus A320 neo aircraft used by Lufthansa and other carriers, Bombardier CS aircraft, and other airplanes. Both parties will invest approximately EUR 150 million by 2020 into the joint venture.
The DZP team was led by Partner Marcin Krakowiak, supported by Senior Associate Krzysztof Fliszkiewicz.
