Lufthansa Technik expands in Budapest

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Lufthansa Technik (LHT) is adding warehouse capacity to its narrowbody maintenance facility in Budapest.

The German MRO group has leased 2,000m² (21,500ft²) of warehouse space from the Hungarian capital's Ferenc Liszt International airport. Its operator has a 15% stake in the maintenance joint venture while LHT holds the remaining shares.

A seven-year leasing contract has been signed. There is an option to extend the arrangement for another five years.

Budapest airport says it has invested "more than €1 million" ($1.3 million) in providing the additional storage space, while LHT is reorganising the existing workshop for business growth.

The maintenance provider has taken on 15 newly graduated aircraft technicians at its Budapest facility. Such graduate recruitment had not happened for several years, says the airport.

LHT employs has a staff of 315 at the site. This includes 215 mechanics.