Lufthansa Technik Turbine Shannon, also known as LTTS, is a privately owned company headquartered in Ireland. Founded in 1992, it operates in the airlines and aviation sector with an estimated 140 employees. The company specializes in the repair of aircraft engine parts, primarily high-pressure turbine shrouds and nozzle guide vanes. Licensed by General Electric and CFM International, LTTS offers OEM-approved repair services for various engine models. Utilizing lean production methods and processes, the company works to minimize turnaround times, with repairs conducted in accordance with regulations from the FAA, EASA, and CAAC.

Revenue

Founded

1992

Headcount

133

Headquarters

Ireland

Primary Segment

Airlines and Aviation

Ownership

Privately Owned

News Summary:

On February 17, 2026, Lufthansa Technik announced multiple business developments and a leadership change. The company secured a CFM56-7B engine maintenance program with WestJet, providing overhaul capabilities and on-site support, which is facilitated by a separate collaboration with FTAI Aviation for module and material access. Simultaneously, Lufthansa Technik and the Cathay Group formalized their most extensive maintenance agreement to date, under which Lufthansa Technik will exclusively provide Total Component Maintenance for Cathay's 747 and 777 fleets over the next six years. Kenya Airways also signed a long-term contract for Lufthansa Technik to supply components for its nine Boeing 787-8s until 2028, utilizing the Total Component Support (TCS) service. These new agreements follow a record year for Lufthansa Technik in 2019, where revenue increased by 13% to EUR 6.9 billion and adjusted EBIT grew by approximately 11% to EUR 493 million, although the company noted the massive expected impact from the worldwide aviation crisis. Also on this date, Soeren Stark joined the Executive Board with responsibility for Technical Operations Logistics & IT, a position he was appointed to in September 2018.
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