SAN JUAN – German airline Lufthansa’s first center for aircraft maintenance, repair and reconditioning in the Americas was inaugurated over the weekend in Aguadilla, a city on Puerto Rico’s northwest coast, officials said.
The Lufthansa facility will attract new investment from the aerospace industry to the Caribbean island thanks to the development of business alliances and the arrival of other companies in the sector, the Puerto Rican government said in a statement.
Puerto Rican Gov. Alejandro Garcia Padilla said during the inauguration ceremony of the installations on Sunday that the island’s economy needs diversification, and the Lufthansa project will open the door to greater relations with German industry.
The government is working to repeat the Lufthansa experience in Puerto Rico with other leading companies in the industry, and consequently develop a new industrial complex that creates tens of thousands of jobs over the next 10 years.
“There are great benefits German companies can obtain by combining the tax policies of Puerto Rico with those of Germany. That’s why a new industrial line is being opened in Puerto Rico today,” Garcia Padilla said.
The chairman of the Executive Board of Lufthansa Technik AG, Johannes Bussmann, and the German ambassador to the United States, Peter Witting, agreed on the advantages of establishing Lufthansa in Puerto Rico, since it is the ideal place for the company’s economic activities and as the center of its expansion throughout the Americas.
Lufthansa employs close to 26,000 employees in more than 30 subsidiaries worldwide and more than 200 people in its new installations in Puerto Rico, where local authorities estimate that Lufthansa’s presence will generate more than $2 billion for the local economy over the next 30 years.