GE and Lufthansa Technik Celebrate Grand Opening of XEOS Joint Venture

Sroda Slaska, POLAND - September 30, 2019 - GE Aviation and Lufthansa Technik celebrated the grand opening of its maintenance, repair and overhaul (MRO) joint venture XEOS today located in Sroda Slaska, Poland near Wroclaw. The new 350,000 sq. ft. facility will perform MRO on GEnx-2B and GE9X engines and is owned and operated by Lufthansa Technik (51%) and GE Aviation (49%).

The grand opening was attended by representatives of the Chancellery of the President of the Republic of Poland and the Polish government as well as Ambassador of the Federal Republic of Germany Rolf Nikel and US Consul General Patrick T. Slowinski. David Joyce, Vice Chair, GE and President & CEO, GE Aviation and Jean Lydon-Rodgers, President and CEO, GE Aviation Services, Carsten Spohr, CEO and Chairman of the Executive Board of Deutsche Lufthansa and Dr. Johannes Bussmann, CEO of Lufthansa Technik.

Jean Lydon-Rodgers, President & CEO, GE Aviation Services, said, “XEOS represents a unique collaboration between Lufthansa Technik and GE Aviation. Our combined capabilities and technological knowledge have merge to create one of the most advanced MRO facilities in the world for the GEnx-2B and GE9X engines. I congratulate the XEOS team for building this world-class MRO engine shop and look forward to a long future of working together to meet our customers’ services needs.”

Dr. Johannes Bussmann, CEO of Lufthansa Technik, commented: “For decades, Lufthansa Technik has been known as a centre of excellence in the maintenance, repair, and overhaul business of engines and engine components. The succesful opening of the XEOS engine shop with our partner GE is a cornerstone for our long-term growth strategy to offer comprehensive MRO services also for the latest generations of aircraft engines. On this occasion I would like to thank the whole XEOS team. Over the past two years you have done an extraordinary job to realize this project. You can be really proud of the creation of hundreds of technical and high-level jobs here and the implementation of the highest levels of international environmental and social compliance standards.”

The two parent companies invested more than $250 million (USD) in XEOS. The new MRO facility consists of an overhaul site, training center and test cell, which is under construction. XEOS was built in 16 months and inducted its first GEnx-2B engine in April 2019. The facility anticipates inducting about 20 engines this year with more than 200 engines coming in for MRO work by 2023. Today about 300 employees work at XEOS, and it expects to expand to 600 employees over the coming years.

About Lufthansa Technik

With some 35 subsidiaries and affiliates, the Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. Certified internationally as maintenance, production and design organization, the company has a workforce of more than 25,000 employees. Lufthansa Technik’s portfolio covers the entire range of services for commercial and VIP/special mission aircraft, engines, components and landing gear in the areas of digital fleet support, maintenance, repair, overhaul, modification, completion and conversion as well as the manufacture of innovative cabin products.

About GE Aviation

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world’s Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.

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