Nov 26, 2007
TCS® for Shenzhen Airlines

New mutual beneficial partnership

As the first customer of Lufthansa Technik Shenzhen-Shenzhen Airlines has signed the Total Component Support TCS® on 26^th Nov. 2007.

After 2 years negotiation, Shenzhen Airlines decided to choose Lufthansa Technik Shenzhen as a TCS® exclusive provider for their A320 fleet, which includes 13 aircrafts at the moment and will extended up to 70 aircrafts with in the next 10 years.

The contract will cover about 500 items and the duration is 10 years. It's the largest pooling contract in Great China Region ever since, with gross revenue of over 145 million US-Dollars.

During the negotiation, Lufthansa Technik Shenzhen has already started serving Shenzhen Airlines for its advanced component pooling service. Gradually, Shenzhen Airlines was convinced by the service quality and reasonable price.

Lufthansa Technik's continuing success in the Asian market is attributable not only to the quality and close partnerships but also to its local representation. One of the most significant and popular products in this"T product family" is the Total Component Support-TCS®.

About TCS®:

The service package TCS® enables every customer to select precisely the services which he requires - from maintenance to engineering to stocking of the devices. This lowers costs while simultaneously increasing flexibility.

It gives the airlines guaranteed access to one of the biggest component pools in the world, with regional service points on every continent of the globe. Cost-saving high-tech repairs are carried out at Lufthansa Technik's main base in Hamburg, which also serves as an innovation center for the development of new repair technologies.

About Shenzhen Airlines:

The airline was established in Oct. 1992.

In 2004 it founded, with German partners Lufthansa Cargo (share holding 25%) and DEG (share holding 24%), the international cargo airline Jade Cargo International which started operations in Sept. 2005. Shenzhen Airlines owns a 51% stake in the cargo airline.

In Nov. 2005, Shenzhen Airlines completed the alteration of stock equities and became the biggest private controlled airlines in China.

In 2006, with Mesa Air Group, Shenzhen Airlines launched a joint venture regional airline, Kunpeng Airlines.

In 2007, Shenzhen Airlines conveyed over 10 million passengers and held over 70 aircrafts. It is one of the most profitable airlines in China.