Money in FocUs
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports
No Result
View All Result
Money in FocUs
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports
No Result
View All Result
Money in FocUs
No Result
View All Result
Home Business

WestJet and Lufthansa Technik sign multi-billion-dollar agreement for world-class aircraft engine maintenance services

Nova instalação de reparos a ser estabelecida em Calgary

Newsroom by Newsroom
02/17/2025
in Business
WestJet and Lufthansa Technik sign multi-billion-dollar agreement for world-class aircraft engine maintenance services

WestJet Chief Executive Officer Alexis von Hoensbroech and Lufthansa Technik Chief Operations Officer Harald Gloy (left and right) sign historic aircraft engine maintenance contract in Calgary. (CNW Group/WESTJET, an Alberta Partnership)

Share on FacebookShare on Twitter

You might also like

AI-Based Virtual Driver Software Company for Autonomous Trucks to Go Public

CEO Confidence Declined Significantly in Q2 2025

Thomson Reuters Ushers in the Next Era of AI with Launch of Agentic Intelligence

A WestJet e a Lufthansa Technik anunciaram hoje que assinaram um acordo exclusivo, no qual a Lufthansa Technik fornecerá serviços de manutenção de motores para os motores CFM International* LEAP-1B que alimentam a frota de Boeing 737 da companhia aérea. O contrato multibilionário de 15 anos é o maior dos 30 anos de história da WestJet e seguiu um rigoroso processo de fornecimento global competitivo. Como líder mundial em manutenção, reparo e revisão de aeronaves (MRO), a Lufthansa Technik estabelecerá uma nova estação de reparo de motores dedicada à manutenção de motores LEAP-1B para trabalhos próximos à asa e de giro rápido. A instalação contará com uma célula de teste moderna, a primeira de seu tipo no Canadá, para motores de próxima geração e impulsionar a criação de empregos na região. As operações estão programadas para começar em 2027, com a WestJet como cliente de lançamento.

Alexis von Hoensbroech, WestJet Group Chief Executive Officer, said: “WestJet was founded on the idea of improving air travel and making it affordable for Canadians. This historic contract award will allow us to bring critical engine repair operations home to Canada and provide greater efficiency and cost certainty to a critical part of our operations, all while demonstrating our commitment to improving our competitiveness and supporting the Alberta economy. We are proud to partner with Lufthansa Technik. This is an extraordinary moment for WestJet, our guests, WestJetters, Western Canada’s communities and our suppliers.”

Under the framework of the agreement, Lufthansa Technik will provide WestJet, Canada’s largest 737 MAX operator, with a broad range of services, such as quick turn shop visits, on-wing repairs and full performance restorations. The partnership encompasses WestJet’s current fleet of more than 50 Boeing 737 MAX aircraft (of 200 total aircraft), a number that is expected to grow to over 130 before the end of the decade based on the airline’s current order book. The CFM LEAP-1B engine repair operations for WestJet will be offered by Lufthansa Technik through its expansive global network. While overhauls will continue to take place at the main facility in Hamburg, Germany, and the company’s joint venture near Wrocław, Poland, Lufthansa Technik aims to introduce quick turn shop visits at the newly created repair station in Calgary, Canada.

Soeren Stark, Chief Executive Officer of Lufthansa Technik, said: “This agreement represents one of the largest awards ever granted to any MRO provider for CFM LEAP engines worldwide. It’s a contract that underlines Lufthansa Technik’s leading position in the support of new generation engine types. We greatly value WestJet’s strong confidence in our extensive expertise and our ability to serve as a trusted long-term partner. At the same time, we are grateful for the strong support from our local allies in Canada, which is essential in advancing the creation of a new engine repair shop and test cell facility in Calgary.”

CFM International, the developer and manufacturer of the LEAP-1B engines, has established an open MRO ecosystem for its LEAP engine family. As a CFM Premier MRO partner, Lufthansa Technik is licensed to deliver full MRO services for these engines. The company was the first independent MRO provider recognized by CFM to service both LEAP-1A and LEAP-1B engines and has completed over 60 maintenance events, including the world’s first LEAP-1A (Airbus version of the engine) performance restoration shop visit (PRSV).

Partnering to grow a world-class aviation hub in Western Canada

The creation of Lufthansa Technik Canada’s future facility is made possible through collaboration and funding from partners including the Government of Canada, the Government of Alberta, Opportunity Calgary Investment Fund (OCIF), Calgary Economic Development, Calgary International Airport and the Canada Infrastructure Bank. These partners have been vital in fostering the growth of Calgary’s aviation cluster to date.

The Calgary Airport Authority (The Authority) is proud to have signed a long-term lease agreement with Lufthansa Technik for an engine maintenance and test cell facility that will serve, amongst others, WestJet as a cornerstone customer. This $120-million investment has been secured with the support of the Government of Alberta, the Canada Infrastructure Bank, PrairiesCan and OCIF, in collaboration with Calgary Economic Development. The Authority will oversee the financing, planning, construction, and deployment phases of the related buildings, which will occupy nine acres of prime airport real estate, integrated seamlessly with Calgary International Airport’s strategic growth plans. The facility will boost regional economic development and reinforce Calgary’s role as a gateway for international aviation innovation and excellence, while providing airlines access to world-class facilities to ensure reliable, efficient and lower cost maintenance services.

The Government of Canada, through PrairiesCan, is investing $8 million for the Calgary Airport Authority to construct, fit out and equip the new 150,000 square foot aircraft engine maintenance and test facility at the Calgary International Airport.

The Government of Alberta is providing the Lufthansa Technik engine test cell and maintenance facility with a total support amount of $7.45 million through a combination of $3 million from the Investment and Growth Fund and $4.45 million from the Aerospace Workforce Development Grant. The Investment and Growth Fund is a deal closing incentive program that helps Alberta support high value, private sector, job-creating investments. The Aerospace Workforce Development Grant is aimed to provide training and workforce development support that attract investment, drive innovation and spur transformative economic development in Alberta’s aerospace sector.

OCIF is investing up to $2.5 million over four years to support Lufthansa Technik in establishing its Western Canada headquarters in Calgary including its MRO repair facility and test cell. The facility will work on more sustainable fuel and next generation engines. This initiative targets expansion of the region’s talent pool, while providing hands-on training, and positions Calgary as a leader in aerospace development.  

Calgary Economic Development (CED) played a key role in Lufthansa Technik’s expansion to Calgary by connecting its leadership with key stakeholders and showcasing the city’s competitive business environment and thriving aviation sector. CED also highlighted Calgary’s skilled talent pool through detailed projections, post-secondary partnerships, and technical expertise.

The wholly owned Canadian subsidiary of Lufthansa Technik plans to create up to 160 new jobs in Calgary by 2030. Construction of the engine maintenance facility is scheduled to begin mid-2025 and is expected to take about two years. Once completed, it will allow for a range of engine maintenance functions and work that has been historically performed outside Canada. To prepare for operations, a dedicated training centre will open this year to equip new employees with the necessary skills. Recruitment for various positions will begin soon.

Lufthansa Technik’s expansion into Western Canada supports its “Ambition 2030” strategy, focusing on investments in core operations and global growth. A key part of this is enhancing MRO capabilities to meet growing demand, especially for the CFM LEAP-1B engine. The aircraft powerplant of the Boeing 737 MAX is becoming the leading engine in the Americas region. This presents significant opportunities for Lufthansa Technik to grow business with various North American airlines. To capitalize on this growth, the company plans to significantly scale up its quick-turn capacities and bolster its footprint in the region.

WestJet’s focus on regional development is evident in its global aviation hub in Calgary. As a result of strategic investments, the city has become the most connected mid-sized hub in North America. WestJet’s ongoing commitment to building a world-class aerospace cluster in Calgary contributes to economic growth and creating new job opportunities. This next phase of WestJet’s growth will not only strengthen Calgary’s position in the global aviation landscape but also enhance the economic prosperity of the region. The multi-billion-dollar contract and partnership between WestJet and Lufthansa Technik builds on the foundational WestJet-Government of Alberta Memorandum of Understanding to stimulate economies, create sustainable employment and build infrastructure for continued expansion.

Related

Share30Tweet19
Newsroom

Newsroom

Money In Focus Editor - Your daily chanel about economics, business and politics for better decision making.

Recommended For You

AI-Based Virtual Driver Software Company for Autonomous Trucks to Go Public

by Newsroom
06/05/2025
AI-Based Virtual Driver Software Company for Autonomous Trucks to Go Public

Plus's proprietary AI-based virtual driver software, SuperDrive, addresses a $2 trillion trucking freight market in the U.S. and Europe, enabling safe and scalable autonomous trucking Plus Automation Inc. ("Plus"), a Physical...

Read moreDetails

CEO Confidence Declined Significantly in Q2 2025

by Newsroom
06/03/2025
CEO Confidence Declined Significantly in Q2 2025

The Conference Board Measure of CEO Confidence™ in collaboration with The Business Council fell by 26 points in the second quarter of 2025 to 34, the lowest level since Q4...

Read moreDetails

Thomson Reuters Ushers in the Next Era of AI with Launch of Agentic Intelligence

by Newsroom
06/03/2025
Thomson Reuters Ushers in the Next Era of AI with Launch of Agentic Intelligence

 Thomson Reuters (TSX/Nasdaq: TRI), a global content and technology company, today unveiled its next major leap forward — agentic AI systems, beginning with the launch of CoCounsel for tax, audit, and...

Read moreDetails

Survey: 80% of Corporations Are Reworking ESG Strategies Amid Policy Shifts

by Newsroom
06/02/2025
Survey: 80% of Corporations Are Reworking ESG Strategies Amid Policy Shifts

Significant policy changes are reshaping how many companies approach sustainability, according to a new survey by The Conference Board. 80% of surveyed sustainability executives say their companies are adjusting their...

Read moreDetails

Company Raises $45 Million to Scale AI-Based Operational Excellence in Construction

by Newsroom
05/29/2025
Company Raises $45 Million to Scale AI-Based Operational Excellence in Construction

Buildots, a leader in AI-powered construction management, today announced the completion of a $45 million funding round led by Qumra Capital with participation from OG Venture Partners, TLV Partners, Poalim...

Read moreDetails
Next Post
Gaming and esports sector is key for future employment and innovation globally, says Hero Esports CEO

Gaming and esports sector is key for future employment and innovation globally, says Hero Esports CEO

SINEXCEL and EVE Energy Signed Strategic Partnership Agreement

SINEXCEL and EVE Energy Signed Strategic Partnership Agreement

Bank of America Names Mark Kremers President of San Diego

Bank of America Names Mark Kremers President of San Diego

Related News

Lumen and Meta Partner to Drive AI Network Expansion

Lumen and Meta Partner to Drive AI Network Expansion

10/26/2024
Dubai Industrial City marks 20 years of advancing Middle East’s manufacturing and logistics sectors

Dubai Industrial City marks 20 years of advancing Middle East’s manufacturing and logistics sectors

11/21/2024
Gaurav-Mallik-Pallas-Capital-Advisors (1)

Pallas Capital Advisors Appoints Gaurav Mallik as Chief Investment Officer to Expand Investment Strategies

07/22/2024

Browse by Category

  • Arts & Entertainment
  • Autos
  • Business
  • Economy & Politics
  • Education
  • Foods & Drinks
  • Health & Lifestyle
  • Science & Tech
  • Sem categoria
  • Sports
  • Tourism
  • Weather
Logo Money in Focus
Instagram Linkedin Facebook X-twitter Pinterest Youtube Tiktok
  • ABOUT
  • CONTACT
  • DISCLAIMER
  • PRIVACY POLICY
  • TERMS AND CONDITIONS

© 2024 Money in Focus – All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports

© 2024 Money in Focus - All rights reserved.

Discover more from Money in FocUs

Subscribe now to keep reading and get access to the full archive.

Continue reading

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?