Under a memorandum of understanding (MoU) signed Monday evening in Paris, Lufthansa Technik AG and GE Aviation agreed to create a new engine overhaul facility in Europe to service GEnx-2B and GE9X engines. Closing of the new joint venture, which is expected to be operational in 2018, is subject to “receipt of required regulatory approvals,” the companies said.

The new joint venture will be equipped to perform the full range of engine maintenance services for the GEnx-2B and the GE9X, powering the Boeing 747-8 and Boeing 777X, respectively. The partners will continue to collaborate on repair development and mobile support services.