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MTU Aero Engines and Lufthansa Technik formed a 50/50 joint venture, EME Aero, based in Poland, to perform MRO on Pratt & Whitney aircraft engines. The partners will invest approximately EUR 150 million by 2020 and the company will employ over 800 people.
“Each of the partners will hold 50% of shares in the new company.”dzp.pl
Summarized from public sources; check the original articles before acting on it.