Lufthansa upgrades fleet with 34 Boeing and 25 Airbus jets

FRANKFURT: Lufthansa, Germany’s biggest airline, said it had placed orders for 59 new fuel-efficient long-haul aircraft worth a total list price of 14 billion euros ($19 billion).
Lufthansa said in a statement it has ordered 34 new Boeing 777-9X jets and 25 Airbus A350-900 to renew its fleet.
The order — described by Lufthansa as the single largest investment ever made by a private investor in Germany — will build a fleet of more fuel-efficient aircraft to combat high oil prices.
“With these aircraft, we make a quantum leap in terms of efficiency,” chief executive Christoph Franz told a news conference.
Delivery is scheduled from 2016, the company said.
The new aeroplanes would primarily serve to replace existing aircraft at Lufthansa, with older Boeing 747-400s and Airbus A340-300s to be phased out by 2025, Franz explained.
“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,” he said.
Lufthansa currently operates a wide-body fleet of around 107 aircraft, among them 10 ultra-modern Airbus A380s and nine Boeing 747-8s as well as the Airbus A330-300.
The fleet also includes Airbus A340s and Boeing 747-400s.
“The aim is to reduce the number of different models and fleet complexity and also replace existing aircraft with state-of-the-art aeroplanes,” Franz said.
Following an order already placed in March of this year, Lufthansa currently has a total of 295 brand-new aircraft on order with a list value of 36 billion euros.
“These should be delivered by 2025,” he said.
In Seattle, Boeing issued a statement saying it was “delighted” by Lufthansa’s choice of its 777-9X jet, which is expected to be launched later this year and come into service “around the end of the decade.”
With its new engines, new composite wing and superior aerodynamics, the 777X would be able to reduce fuel consumption by 20 percent and lower operating costs by 15 percent compared with the current 777, Boeing boasted.
For its part, Airbus said Lufthansa’s order “underpins its status as Airbus’ largest airline customer and operator.”
On the Frankfurt stock exchange, Lufthansa shares were up 0.87 percent shortly after midday, while the blue-chip DAX index gained 1.13 percent overall.