Shareholder
N3 Engine Overhaul Services is a partnership between Lufthansa Technik AG and
Rolls-Royce plc.
Lufthansa Technik AG
Lufthansa Technik is the world’s leading provider of maintenance, repair and overhaul (MRO) services for aircraft, engines and components. Since the beginning of modern air transport, Lufthansa Technik has perfected the system of scheduled maintenance, today offering customized maintenance programs which are perfectly matching the operational needs of the airline fleets looked after.
With its world-spanning network of subsidiaries and affiliates, offering a far-reaching portfolio of repair capabilities and a highly efficient logistics system, Lufthansa Technik ensures the reliability and availability of their customers’ fleets. Certified by civil aviation authorities as a maintenance, design and production organization, Lufthansa Technik offers integrated services, tailored to the wishes and demands of the customers. The portfolio also includes dedicated services for aircraft owners such as banks and leasing companies as well as the completion of large business and government aircraft. Furthermore, the bandwidth of capabilities delivered by the high-tech company from Hamburg includes the development of in-flight entertainment systems and new repair technologies.
In the year 2006, 12,000 employees at Lufthansa Technik’s major German locations in Hamburg, Frankfurt, Munich and Berlin, as well as the 13,000 staff working for the 27 subsidiaries and affiliates in Europe, Asia and the USA supported more than 580 airline customers, generating a total turnover of more than £2.8 billion (4 billion euros).
Rolls-Royce plc.
Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets - civil aerospace, defence aerospace, marine and energy.
It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. The company has established strong positions within programmes that will shape the power-systems market for many years to come. The success of its products is demonstrated by rapid and substantial gains in market share.
The company now has a total of 54,000 gas turbines in service worldwide and they generate a demand for high-value services throughout their operational lives. The company seeks to add value for its customers with aftermarket services that will enhance the performance and reliability of its products. Services revenues have grown by 10 per cent per annum compound over the past 10 years. Rolls-Royce has a broad customer base comprising 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers including 70 navies, and energy customers in 120 countries. Rolls-Royce is a technology leader, employing 38,000 people in offices, manufacturing and service facilities in 50 countries. Annual sales total £7.4 billion (10.6 billion euros), of which 53 per cent are services revenues. The firm and announced order book is £26.1 billion (37.3 billion euros), of which aftermarket services represent 38 per cent, providing visibility of future levels of activity.
