Lufthansa Technik
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Lufthansa Technik
Lufthansa Technik AG ('Lufthansa Engineering', often referred to simply as “LHT”) provides worldwide maintenance, repair, and overhaul (MRO) services for aircraft, engines, and components. It is a subsidiary of the Lufthansa Group. Headquartered at Hamburg Airport, its other important German sites are in Frankfurt Airport and Munich Airport. In greater Europe, it has major base maintenance facilities in Malta, Budapest, Hungary, and Bulgaria. Overseas, it has sites located in Puerto Rico, the Philippines, and China. History The origins of Lufthansa Technik can be traced back to 1951, predating that of its parent company, the German flag carrier Lufthansa. West German officials decided that, in advance of forming a new national airline, the establishment of a new maintenance base at Hamburg Airport should be undertaken as a preparatory step. Various new hangars, workshops, and storage facilities were established, enabling a fully range of services could be provided from the on ...
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Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a '' société anonyme'' or a '' società per azioni''), and South Tyrol for companies incorporated there. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term '' société anonyme'' is more common. In the United Kingdom, the equivalent term is "PLC" and in the United States while the terms "incorporated" or "corporation" are typically used, technically the more precise equivalent term is " joint-stock company" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an actin ...
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