For the second time this year, Deutsche Lufthansa (Lufthansa group) has placed a large-volume promissory note. The note was issued with maturities of five, seven and ten years. As a result, the group has secured a total of €1.2 billion ($1.253 billion) in funding. Approximately half a billion euros of this amount has already been paid out in December 2016 and Lufthansa will receive the remaining funds in January 2017.

The Germany’s airline group said that the funds will be used for general corporate purposes.

The group claimed that with over 180 investors, the transaction proved very popular with a wide range of investors. In addition to investors from the sector of savings banks, credit unions and other European banks, a significant share was bought by Asian investors.

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Airbus announced that Lufthansa has taken delivery of its first Airbus A350 XWB in Toulouse, France. The aircraft is the first of 25 A350-900s that Lufthansa has on order. Powered by Rolls-Royce engines, Lufthansa’s A350 XWB will feature a three-class cabin layout with 48 seats in Business, 21 seats in Premium Economy and 224 seats in Economy.
 

Lufthansa has a rating of BBB- (negative outlook) from S&P, BBB- (stable outlook) from Scope and Ba1 (positive outlook) from Moody's. The issue was arranged by DZ Bank AG, Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale.

Lufthansa group inclusive Germanwings, Eurowings and regional airlines (LH), SWISS (LX), Austrian Airlines (OS) and Lufthansa Cargo (LCAG). The group now operate a fleet of 600 aircraft deployed on short, medium and long haul routes.