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Browne Jacobson help new FLYdocs and Lufthansa partnership take off

1 August 2016
Browne Jacobson has advised management of aviation technology company FLYdocs Systems Limited on a new strategic partnership with Lufthansa Technik AG.

The deal sees Lufthansa Technik Group become a shareholder in FLYdocs establishing the world’s largest digital repository of aviation documentation, with Growth Capital Partners exiting the business. FLYdocs will remain a separate, independently operated entity that will continue to drive industry wide change under the incumbent management team.

Tamworth based FLYdocs, which was founded in 2007 and employs 250 people globally, provides software and data services to the global airline industry client base which includes commercial airlines and aircraft lessors. Its UK based business is supported by operations in India, China, Philippines and the USA.

Lufthansa Technik is one of the world’s leading providers of technical services for the aviation industry. With more than 30 subsidiaries and 26,000 employees worldwide, Lufthansa Technik provides maintenance, repair, overhaul and modification services for civil aircraft to more than 750 customers worldwide.

Adrian Ryan, CEO of FLYdocs, said:
“This incredibly powerful partnership will help us accelerate and supercharge our pioneering plans for the global aviation industry. Both FLYdocs and Lufthansa Technik share the vision of a customer oriented global solution that covers pre and post maintenance aviation records, highly advanced analytics services and MRO point-to-point input of engineering documentation.”

Dr Thomas Stueger, Member of the Executive Board, responsible for Products, Services and IT at Lufthansa Technik AG commented:
“This partnership is a strong investment in the future of Lufthansa Technik’s digital strategy and is key to providing innovative products to our customers. New digital services – created in cooperation of the FLYdocs team and the digital business unit of Lufthansa Technik – will add additional value to our customers and shape the digital future of the industry.”

Browne Jacobson’s corporate finance partner Mike Jackson advised management shareholders Adrian Ryan and Anne Ryan, adding:
"We advised longstanding client FLYdocs on the investment by Growth Capital Partners to facilitate its continued rapid growth. We are delighted to have acted for management on Lufthansa Technik’s investment in a truly global partnership and the leading digital records management solution in the sector.”

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