Lufthansa revealed that it has plenty of goals up its sleeve, including plans for a new first class cabin product for its Boeing B747-8 fleet.
The airline said that its subsidiary, Lufthansa Technik, will develop and implement the first class cabins as part of the company’s “Ambition 2030” program.
Though the German flag carrier unveiled the comprehensive product revamp Allegris in February 2023 that included first class suites called “Suite Plus”, it has not provided further details about the B747-8 first class product.
In early November 2023, Lufthansa shared that market demand for both short-haul and long-haul flights remains high, particularly among leisure travelers.
The airline continues to see a trend in booking towards business and first class, so developing its premium products remains a priority.
Maintaining a strong position in MRO
Lufthansa also said that it expects a long-term increase in demand for repair and overhaul services, particularly in the engine sector, so the “Ambition 2030” program will further expand its global position in the technical support of aircraft fleets.
“In view of the ongoing manufacturer problems – especially with engines – the strategic value of our Lufthansa Technik as an integral part of the Lufthansa Group has again increased significantly in recent months,” Dr. Detlef Kayser, Chairman of the Supervisory Board of Lufthansa Technik said in a press statement. “We see this as a great opportunity to further develop our MRO division strategically with an ambitious growth program and to further increase its profitability.”
No more plans to sell shares in Lufthansa Technik
Overall, Lufthansa Group and Lufthansa Technik maintain an optimistic view on things, saying the company is “convinced” that it is able to achieve its 2030 goals without a third party shareholder. Plans to acquire a further shareholder in Lufthansa Technik, therefore, are dropped.
“Lufthansa Technik should continue to be the determining factor in our very dynamic industry in the future,” Sören Stark, CEO Lufthansa Technik said. “We have very ambitious goals for the coming years: We will invest in the expansion of our services as well as in the digitalization of our business and the expansion of our international presence. This will benefit our customers and our employees around the world.”