LHT exec guarded about future growth
The world’s airlines may have made $5.6 billion profit last year and achieved record load factors of 77 percent but Lufthansa Technik CEO August Wilhelm He

The world’s airlines may have made $5.6 billion profit last year and achieved record load factors of 77 percent but Lufthansa Technik CEO August Wilhelm Hennigsen said here yesterday, “With fuel at $100 a barrel and the smell of recession coming from the U.S. the question is whether the industry will continue to grow.”

For now, though, the manufacturers’ order books are bulging and the German maintenance, repair and overhaul (MRO) major, with its 28 companies around the world employing 25,000 people and a 10-percent market share here in Asia, appears well placed to cope with their deliveries.

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