1 billion pln JV between Lufthansa and GE shuts down. 220 people will lose their jobs

220 people have lost their job, as the XEOS aircraft engine service center near Środa Śląska is suspended. The demand for servicing aircraft engines will not return for a few years, they explained.

XEOS representatives emphasize that the suspension of the plant’s operations is due to a pandemic that has lasted one and a half years. “Limitation of air traffic around the world, long months of grounding entire fleets and low utilization rates for wide-body aircraft have significantly reduced the demand for aircraft engine repairs,” the release reads.

In addition, the global demand for the service of GEnx2B engines (powering wide-body Boeing 747-8s), repaired in the Środa plant, decreased. They show an increasingly longer period of action. The date of entry into service of the GE9X engine (the second in the XEOS portfolio) was also postponed. This postpones the need for renovation by several years.

Xeos is a joint venture between Lufthansa Technik and GE Aviation. The aircraft engine service and repair center was officially opened in October 2019 in Środa Śląska. The plant was built in 16 months, the investment was worth one billion zlotys.


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