Lufthansa Orders 80 Airbus, Boeing Aircraft
December 19 2023 - 7:17AM
Dow Jones News
By Mauro Orru
Deutsche Lufthansa ordered 80 short- and medium-haul aircraft
from Airbus and Boeing worth around $9 billion at list prices,
marking what the group called the largest fleet modernization in
its history as it scrambles for planes to meet surging demand for
international air travel.
The German carrier group on Tuesday said it ordered 40 Airbus
A220-300s with the option to buy an additional 20 aircraft, and 40
Boeing 737-8 MAX with the option to add another 60. The company,
whose airlines include Swiss, Austrian Airlines, Brussels Airlines
and Eurowings aside from the eponymous Lufthansa, said it could
also purchase 40 aircraft from Airbus's A320 family. Deliveries
should stretch from 2026 to 2032.
While the firm orders are worth around $9 billion at list price,
buyers typically receive steep discounts on large-scale orders from
plane manufacturers. Lufthansa doesn't expect the orders to have a
significant impact on the group's capital expenditure in 2023 and
next year.
"With today's aircraft order, we are accelerating the largest
fleet modernization in our company's history," said Executive Board
member Detlef Kayser. "This increases our order list of around 200
aircraft to 280--plus an additional 120 purchasing options for
further state-of-the-art short- and medium-haul aircraft."
Travel restrictions and border closures brought international
traffic to a near standstill at the height of the pandemic. Now,
airlines are scrambling for planes to expand capacity to meet
surging demand for international air travel.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
December 19, 2023 07:02 ET (12:02 GMT)
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