Lufthansa Technik to Support Ethiopian 787 Fleet Long-term Contract - 25 October, 2012

Lufthansa Technik is expanding its involvement in the provision of technical support for the Boeing 787 by signing a long term contract with Ethiopian Airlines. Ethiopian Airlines, the fastest growing airline in Africa, is the second 787 customer, next to Japan Airlines, to have appointed Lufthansa Technik to provide component support for its modern long-haul fleet.

The Boeing 787 Total Component Support (TCS) contract signed in Addis Ababa with Ethiopian will run for a term of ten years.

Following the delivery of Ethiopian first 787, named "Africa First", in August, Lufhtansa Technik has taken on the role of providing material support using the existing material pool in Germany. Services include repair and logistics for three Dreamliners already in Ethiopian fleet and the remaining seven on order after they have been delivered.

Lufthansa Technik has already been assisting the Star Alliance member with support in optimization of the MRO organization with a team on site. The Hamburg based company, Lufthansa Technik, already provides component support for Ethiopian Q-400 and MD11 aircraft.

"Ethiopian new contract with Lufthansa Technik for the 787 is a continuation of existing relationship between the two and will greatly enhance Ethiopian MRO by improve its dispatch reliability, reduce maintenance cost and enhance its supply chain management effectiveness and efficiency of this ultra-modern aircraft," said Tewolde Gebremariam, CEO of Ethiopian.

"We are delighted by the trust that has been placed in us with this second long -term contract for the extensive component support for the Boeing 787," said Dr. Burkhard Andrich, Head of Aircraft Component Services at Lufthansa Technik AG. "And we are confident that, with our experience, we will also be able to make a substantial contribution towards the reliable and economic operation of this ultra-modern aircraft of Ethiopian Airlines, one of the most important long-haul aircraft for the years ahead."

About Lufthansa Technik

With 32 subsidiaries and affiliated companies and more than 26,000 staff worldwide, the Lufthansa Technik Group is one of the world’s leading independent providers of aircraft -related technical services. Lufthansa Technik’s portfolio covers the entire service spectrum of maintenance, repair, overhaul, modification and conversion, engines and components for passenger aircraft.

About Ethiopian

Ethiopian Airlines, the fastest growing airline in Africa, made its maiden international flight to Cairo in 1946 and now the Airline provides dependable services to 69 international destinations spanning four continents.

Ethiopian is proud to be a Star Alliance Member. The Star Alliance network is the leading global airline network offering customers convenient worldwide reach and a smoother travel experience. The Star Alliance network offers more than 21,555 daily flights to 1,356 airports in 193 countries.

Ethiopian is a multi-award winner for its commitment and contributions towards the development and growth of the African aviation industry and in recognition of its distinguished long-haul operations enhanced by the introduction of new routes and products. Recently, Ethiopian won gold in the African Airline of the Year 2011/2012 Awards organized by the African Aviation News Portal. Ethiopian also received the 2011 AFRAA award for being consistently profitable over the years an d has won the "AFRICAN CARGO AIRLINE OF THE YEAR 2011 Award" for its excellence in air cargo. Ethiopian also won the NEPAD Transport Infrastructure Excellence Awards 2009 and "the Airline of the Year 2009 Award" from the African Airlines Association (AFRAA).

With its acquisition of and firm orders for several new modern fleet, the airline is well positioned to pursue aggressively the implementation of its 2025 strategic plan to become the leading aviation group in Africa.