Polish and company authorities say that Lufthansa and General Electric will jointly invest some 250 million euros ($270 million) in Poland to build an advanced plant servicing aircraft engines to be operational in 2018.

Poland's Deputy Prime Minister Mateusz Morawiecki said Monday it was an "excellent" project and the result of the government's strategy of pursuing and developing modern technology ventures. He said it was a major project for Poland's economy.

Company executives said Poland offered the desired mix of highly qualified employees, favorable economic environment and good location.

The plant in the Special Economic Zone near Legnica, in the southwest, is to test and repair state-of-the-art engines for the Boeing 747-8 jumbo jets for Lufthansa and for other airlines. It will create hundreds of jobs and train new personnel.