Industry Lufthansa Group orders 16 additional Aircraft

  • Lufthansa

Lufthansa Group has announced, that it has ordered 16 additional aircraft for fleet modernization purposes.

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The order includes two Boeing 777-300ER long-haul aircraft for Swiss. The flag carrier received its 10th Boeing 777 this March. There can be accommodated 8 passengers in First class, 62 in Business Class and 270 in Standard Economy. Swiss will expand its route portfolio with the new aircraft.

Lufthansa Cargo will receive two new Boeing 777 Freighter, in order to successively phase out the McDonnell Douglas MD-11 Freighters. Currently, Lufthansa cargo operates with five Boeing 777F already. The new aircraft will decrease fuel consumption, make less noise and will have better unit costs.

The orders for Swiss and Lufthansa Cargo reflect their economic success. In the first quarter of this year, Swiss noticed a profit margin of over nine percent, Lufthansa Cargo was over ten percent.

Lufthansa Group has also announced, that the Supervisory Board has approved an order for up to twelve Airbus A320 family aircraft. Six Airbus A320neo (new engine option) and six Airbus A320ceo (current engine option) will be integrated in Lufthansa´s fleet in the coming years. The A320ceo are already expected to be delivered this year, in order to offset delays for the A320neo. The Neo´s are to replace aging Lufthansa A320 family aircraft.

According to current list prices, the aircraft are worth approximately 2.1 billion euros. Deliveries are set to last until 2022.

Lufthansa Group´s subsidiaries are Austrian Airlines, Swiss International Air Lines, Brussels Airlines and Eurowings. Furthermore, Air Dolomiti, Eurowings Europe, Luftfahrtgesellschaft Walter, Lufthansa Cargo and Lufthansa CityLine belong to the group. Lufthansa has 50% stakes in AeroLogic and SunExpess. In 2017, the group had over 128,000 employees and 550 subsidiaries and equity investments.

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