The company, a joint venture of Lufthansa Technik and Qantas Airways Limited since 2008, blamed a decline in engine overhaul demand for the closure
Virgin - 67 B737-7/800s
Qantas - 51 B737-800s
Qantas - 18 A330s
Qantas - 6 747-400ERs
Jetstar - 11 (of Qantas's) A330s
236 CFM56s
78 CF6-80C2's/E's
All current fleet not due to be retired.
And there's not enough work to keep the place going.
OK...