Lufthansa Group Orders 59 Boeing and Airbus Aircraft

lufthansaLufthansa reports purchase of 59 ultra-modern aircraft including 34 Boeing 777-9Xs and 25 Airbus A350-900s. The first of these new wide-bodied aircraft will be delivered in 2016. Older Boeing 747-400s and Airbus A340-300s will be phased out by 2025. The new planes will primarily serve to replace existing aircraft at Lufthansa. 

The investment totals EUR 14 Billion at list prices and is the largest single private-sector investment in the history of German industry, Lufthansa said. "This investment will safeguard about 13,000 jobs at Lufthansa alone as well as thousands of jobs at our partners in aviation and other suppliers", said Christoph Franz, chairman of the executive board and CEO of the Lufthansa Group.

Lufthansa operates a wide-body fleet of around 107 aircraft, among them ten ultra-modern Airbus A380s and nine Boeing 747-8s as well as the Airbus A330-300 (18 aircraft). The fleet also includes Airbus A340s (48) and Boeing 747-400s (22). In addition to these, the Group subsidiary Swiss has 31 wide-body aircraft,while Austrian Airlines' wide-body fleet consists of 12 aircraft.