Lufthansa Group invests in modern fleet

At its meeting, the Executive Board of Lufthansa AG decided to recommend to the Supervisory Board that Lufthansa purchases a total of 108 new aircraft for the Group. In all, eight long-range aircraft would be required. In addition, the Executive Board recommended the purchase of 100 short and medium-range aircraft from Airbus and Boeing. Lufthansa is engaged in ongoing discussions with the respective manufacturers about the specific aircraft types under consideration.

Following the decision, Chairman and CEO of Lufthansa AG Christoph Franz commented: “Modern aircraft and state-of-the-art inflight products are an investment in the customer experience and in the operational efficiency of the fleet. The greater fuel efficiency and lower noise and exhaust emissions of modern aircraft will also make an important contribution towards protecting the environment.”

The order has a total list-price value of approximately nine billion euros. Deliveries are scheduled to begin in 2015 and will continue until 2025. Altogether, by the end of 2025, the Lufthansa Group expects to take delivery of 239 aircraft with an order volume of 23 billion euros, based on list prices.

The new aircraft will meet the Lufthansa Group airlines’ future growth and fleet renewal requirement for this period, particularly with regard to short and medium-range aircraft. Purchasing the aircraft will enable the Lufthansa Group  to position itself successfully in the highly competitive passenger business. The orders will be funded from the Group’s own assets or from external financial resources. The purchase of the aircraft is subject to  approval of the Supervisory Board.

Source/Photo: Lufthansa Group