Greetings from Hamburg! I interviewed August Henningsen, chairman of the executive board of Lufthansa Technik
, about an hour ago and asked him how Lufthansa's Score cost-savings program
across the group could impact LHT.
He emphasized that Score's general intent is "to increase the overall productivity of the group with the aim to get improved results." The fact the group is looking for ways to increase synergies across the operating units is not a new action: Lufthansa already has realized a lot of synergies to date through business as usual processes. This new program "looks deeper."
Because of the interest in this blog, and in the industry in general, about Pemco's and Aveos' restructuring efforts, I asked Henningsen for his take on these two MROs.
"Everybody is looking especially at the labor intensive side, and base maintenance is labor intensive," for lower costs; and "you have to have a sufficient amount of workload to fill a shop in an efficient way to be productive, cost efficient and competitive," he says.
Henningsen points out that if this isn't happening, you have a hard finding or retaining customers.