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TRANSPORTATION: IAG; buys Boeing's Gatwick Maintenance Hangar

TRANSPORTATION

Ryanair's O'Leary was speaking of similar strategy (in-housing maintenance). The backlog on new plane deliveries and engine issues has made maintenance costly and with delays. Meanwhile it has benefited providers include Lufthansa's Technik arm. Revenue there YTD at €5.5b (+14%yoy) - lacklustre performance otherwise has left it carrying over 40% of Lufty's bottom-line YTD. British Airways was historically a client of Lufty's Technik for certain services.

"British Airways to Take Over Boeing’s Gatwick Maintenance Hangar" - bbg

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Ryanair's O'Leary was speaking of similar strategy (in-housing maintenance). The backlog on new plane deliveries and engine issues has made maintenance costly and with delays. Meanwhile it has benefited providers include Lufthansa's Technik arm. Revenue there YTD at €5.5b (+14%yoy) - lacklustre performance otherwise has left it carrying over 40% of Lufty's bottom-line YTD. British Airways was historically a client of Lufty's Technik for certain services.

"British Airways to Take Over Boeing’s Gatwick Maintenance Hangar" - bbg