Lufthansa pushes fleet modernisation with leases for four A350 aircraft
The leases have been signed with Avolon, SMBC Aviation Capital and Goshawk, the German airline announced on October 4, 2021.
“The lease agreements allow us to remain flexible in fleet planning and make the most of exceptional market opportunities," executive board member Detlef Kayser said in the statement.
The A350s will be used to replace four-engined A340 aircraft. Lufthansa (LHAB) (LHA), which is also phasing out the A380 and Boeing 747 from its fleet, predicts that the proportion of four-engined aircraft in its long-haul fleet will drop to 15% by around 2025, compared with around 50% before the pandemic.
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