Lufthansa Group orders up to 16 jetliners

Lufthansa Group orders up to 16 jetliners

Order includes two Boeing 777-300ERs, two 777 freighters, six Airbus A320neo, six A320ceo.

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Industry/Regulations

Boeing 777-300ER in SWISS colors (Credit: Lufthansa Group)

Lufthansa Group completed an order for four more Boeing 777 airplanes, valued at $1.4 billion at list prices. The purchase is part of the aviation company's plans to modernize its fleet.

"The order for the new long-haul aircraft highlights the strategy of Lufthansa Group to predominantly allocate the growth within its multi-hub system where cost and quality offer the best conditions for profitable investments," according to a Lufthansa Group statement.

The order provides two more Boeing 777-300ER (Extended Range) airplanes for Swiss International Air Lines (SWISS), the national carrier of Switzerland and a member of the Lufthansa Group.

SWISS currently operates 10 Boeing 777-300ER twin-aisle passenger airplanes. Airline officials say the additional airplanes will allow them to further expand their network.

The order also provides two more Boeing 777 freighters for Lufthansa Cargo, an air freight carrier that serves nearly 300 destinations.

Lufthansa Group’s supervisory board also approved an order of up to 12 short- and medium-haul Airbus A320 aircraft. This includes six delivery options for Airbus A320neo (new engine option) type in 2022 that were converted to fixed orders. When they are delivered, they will replace older aircraft in Lufthansa Group flight operations.

Depending on availability, up to six additional A320ceo (current engine option) will be ordered. The plan is to deploy them at Lufthansa this year to offset delivery delays for Airbus A320neo aircraft. The list-price value of the Airbus orders is approximately $1.1billion.

Boeing Airbus