01.09.2016

Total Component Support for new Cypriot Airline Cobalt

Comprehensive five year component supply agreement

Lufthansa Technik AG, international provider for maintenance, repair and overhaul (MRO) services, and the new Cypriot airline Cobalt have signed a comprehensive five year component supply agreement for the airline's initial fleet of six Airbus A320 aircraft. The aircraft are equipped with V2500 and CFMI 56-5A engines.

The Total Component Support TCS® agreement covers airframe and engine related component overhaul, engine condition monitoring services as well as pooling and home base lease. The component supply will be realized via the Lufthansa Technik facilities in Frankfurt and Hamburg.

"Cobalt are delighted to have Lufthansa Technik, a major European MRO and partner supporting our growth as the Local Cypriot Airline", said Neil Charters, Technical Director from Cobalt.

"We are very proud to support Cobalt right from the beginning of its operations", said Georgios Ouzounidis, Director Sales Europe, at Lufthansa Technik. "Our experience in delivering technical services for other start-ups will definitely help us to offer the best solutions to Cobalt. We are looking forward to build up a trustful and long-lasting partnership with them."