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Lufthansa and Hemus Air with Joint Project for Aircrafts Repairs in Bulgaria
Business | August 10, 2007, Friday // 00:00
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Germany's Lufthansa Technique made a proposal to Bulgaria's Hemus Air for a joint venture for the repair of aircrafts, Lufthansa regional manager for Bulgaria, said on Friday.
The investment amounts EUR 20 M the documents for which will be signed on August 16. Lufthansa will own 80% of the venture.
In the beginning the repairs centre will work only on Boeing 737s, but Hemus Air CEO Dimitar Pavlov said he hopes the project will be extended to cover the repairs of Boeing 777s and Airbus A340.
The first repairs will start in the end of 2008 and will be carried out at Sofia Airport.
Lufthansa is the most active foreign air carrier in Bulgaria, with record traffic of 160,000 passengers to Bulgaria in 2003. That is 11 % more than the previous year, Dieter Grosse stated.
The investment amounts EUR 20 M the documents for which will be signed on August 16. Lufthansa will own 80% of the venture.
In the beginning the repairs centre will work only on Boeing 737s, but Hemus Air CEO Dimitar Pavlov said he hopes the project will be extended to cover the repairs of Boeing 777s and Airbus A340.
The first repairs will start in the end of 2008 and will be carried out at Sofia Airport.
Lufthansa is the most active foreign air carrier in Bulgaria, with record traffic of 160,000 passengers to Bulgaria in 2003. That is 11 % more than the previous year, Dieter Grosse stated.
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