Lufthansa to Place $12 Billion Order for 108 Aircraft with Airbus and Boeing
Lufthansa announced plans to order 108 new aircraft from Airbus and Boeing. The order, which has not yet been placed, will consist of eight long-haul planes and 100 short-to-medium haul airliners for which the airline has budgeted $12 billion (€9 billion).
At the same time, the airline announced it will not pay a dividend to share holders and will also close offices and reduce administrative staff as a cost-saving measure.
“In order to successfully meet the changes in the aviation industry, we need to perform even better,” said Christoph Franz, the airline’s CEO, in a prepared statement. “Only then can we create the necessary scope for the measures we need to take to shape the future of the Lufthansa Group ourselves.”
While the airline did not disclose details of the order, it currently has a mix of Airbus and Boeing aircraft including both the Airbus A380 and Boeing 747-8 jumbo jets. The new aircraft will be delivered between 2015 and 2025. Lufthansa’s supervisory board still has to approve the deal.
(Photo: Accura Media Group)