Lufthansa acquires 16 Boeing & Airbus planes
The supervisory Board of Lufthansa approved on May 7, 2018 the order of 16 new planes from both Boeing and Airbus, for a total cost of around €2.1 billion. Deliveries are expected by 2022.
The German airline wants to order up to six Airbus A320 in their older “current engine option” (CEO) to cope with the delays of A320neos deliveries.The planes should be deployed in 2018. An option for six A320neo has also been turned into a firm order.
Airbus suspended deliveries of its most successful model of the A320neo family in February-April 2018, due to PW1100G engine glitches. The subsequent delays also slowed down Lufthansa’s growth in 2018, hence this new acquisition.
As for Boeing, Lufthansa ordered two long-haul Boeing 777-300ERs for its subsidiary Swiss and two B777Fs for Lufthansa Cargo. Both companies had a financially successful first quarter of 2018, with Swiss showing a 9% profit margin, and up to 10% for Lufthansa Cargo.
The Swiss national carrier (bought by Lufthansa in 2008) already operates six B777-300ERs in three classes’ configuration. The two new ones are expected for the beginning of 2020 and will be used to “expand [Swiss] route network”.
The two B777Fs for Lufthansa Cargo will join the five others that the subsidiary already operates, and are destined to replace some of the 12 McDonnell Douglas MD-11 currently active in the fleet. This will help to reduce “fuel consumption, noise emissions and unit costs“, according to the airline press release.