Lufthansa Technik Philippines says it has "solidified its foothold" in the Philippines with the signing of multiple new A380 contracts with several carriers.

In June, it signed a contract with Lufthansa for the heavy base maintenance of its Airbus A380 aircraft. Korean Air and Asiana Airlines have also contracted LTP for similar work for their A380s over the next several years.

LTP did not disclose the number of A380s that it will handle from the respective airlines.

However, it adds that when combined, its A380 contracts will generate more than $200 million in revenue.

"With plans to expand its operations and facility, LTP is seeking to ramp up its capabilities and to aggressively capture future market opportunities," says the MRO company.

Earlier this May, LTP also partnered with Philippine Airlines for the line maintenance of the airline's fleet of A321neos and A350s.

“Our mission is simple but clear-cut – for us in LTP to grow steadily and positively in the coming years, to elevate our MRO service... and to solidify the company’s foothold as a leading MRO provider in the Philippines, in partnership with our valued customers."

LTP, which focuses on providing heavy base maintenance is a joint venture between Lufthansa Technik AG and Philippine aviation services provider MacroAsia Corporation.

Flight Fleets Analyzer shows that Lufthansa operates a fleet of 14 A380s, with Asiana operating six of the jumbo widebodies and Korean air with 10 units.

Source: Cirium Dashboard