Air Premia, South Korea’s first hybrid service carrier, has entrusted Lufthansa Technik with long-term component supply services for its Boeing 787-9 aircraft. The agreement was signed ahead of MRO Asia-Pacific in Singapore, marking the first collaboration between the two companies. Lufthansa Technik will deliver its renowned total component support (TCS) for around half of Air Premia’s Dreamliner fleet over the next ten years.
The Total Component Support (TCS) will give Air Premia direct access to Lufthansa Technik’s global spare parts pool, enabling the airline to significantly improve the availability of required Boeing 787 components and achieve substantial cost savings compared with conventional in-house parts provisioning. For frequently required and especially time-critical components, Lufthansa Technik will also establish a dedicated homebase stock at Incheon International Airport in Seoul to support Air Premia’s technical operations centre.
“Especially in light of the current global supply chain situation, we were looking for a strong player with proven expertise for the Boeing 787 as our sole aircraft type. In the industry, the brand Lufthansa Technik has an outstanding reputation for latest-generation aircraft,” commented Paul S. Kim, Vice President Purchasing at Air Premia. “On the one hand, it was their competitive pricing that convinced us to sign. On the other hand it was their enormous flexibility in customising our new cooperation, for example by being able to also meet non-standard requirements such as our dedicated home base stock in Seoul.”
“Air Premia’s innovative business model aims to provide its passengers with higher-than-normal service levels despite extremely competitive ticket prices. I believe this corresponds very well to what we do for Air Premia with our TCS product,” stated Jens Michel, Vice President Corporate Sales North East Asia at Lufthansa Technik. “It’s our aim as well to leverage significant cost savings, but at the same time justify the trust of our valued customer with best-in-class service levels, for which our company is well known in the industry. Hence, I really look forward to this brand-new cooperation.”
