New Chairman of the Board and New CEO introduced during celebratory all hands meeting

Focus on Quality and creating value for customers, employees and shareholders

The Lufthansa Technik Shenzhen all hands meeting on April 29 was a special one: It was the first occasion of our new CEO, Mr. Benjamin Scheidel, and Michael Kirstein (Head of Aircraft System ARC), the new Chairman of the Board, to address the entire LTS staff. It was also a premiere to have the Lufthansa Technik and Kailan Board members participating in the event. The management and board members outlined LTS' strategy and invited the employees for their questions regarding the plans and prospects of the company. While the board emphasized satisfaction with the results and promised continued backing of the shareholders ("LTS is here to stay"), the members also pointed out the growing competition in China and the region. LTS will continue to strive for safety and quality leadership, a 5*-MRO service and smart use of new technologies to be the #1 for employees, customers and shareholders.