# Bombardier to acquire full ownership of LBAS joint venture from Lufthansa Technik and ExecuJet

Bombardier has reached share purchase agreements to acquire all outstanding shares of the Lufthansa Bombardier Aviation Services (LBAS) joint venture from Lufthansa Technik and ExecuJet Aviation Group. The deal will give Bombardier a wholly owned service centre in Berlin.

- Type: Acquisition
- Announced: 2020-09-29
- Where: Berlin-Schönefeld Airport, Berlin, Germany
- Value: $865.0M
- Status: announced
- Products: MRO services for business aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Bombardier](https://endata.com/companies/2513.md)
- [Lufthansa Technik](https://endata.com/companies/2303.md) (partner)
- [Bombardier](https://endata.com/companies/2513.md) (acquirer)
- [Spirit AeroSystems](https://endata.com/companies/16652.md) (acquirer)
- [ExecuJet Aviation Group](https://endata.com/companies/50229.md) (partner)
- [Lufthansa Bombardier Aviation Services](https://endata.com/companies/50230.md) (target)

## Sources

- [airport-technology.com](https://www.airport-technology.com/news/bombardier-spa-lufthansa-technik-execujet/), 2020-09-29: "Bombardier has reached share purchase agreements with Lufthansa Technik and ExecuJet Aviation Group."
- [airport-technology.com](https://www.airport-technology.com/news/bombardier-reaches-deal-to-sell-aerostructures-business-to-spirit/), 2020-10-26: "Today's announcement marks another milestone towards achieving our strategic goal of repositioning Bombardier as a pure-play business jet company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.