Lufthansa orders 80 planes from Boeing and Airbus for $9 billion

The German airline giant modernises its fleet.

Published - December 19, 2023 05:51 pm IST

Lufthansa ordered 80 planes from Boeing and Airbus and agreed future purchasing options for a total value of $9 billion, the German flagship carrier said on Tuesday.

The deal provides for 40 Boeing 737-8 MAX and 40 Airbus A220-300s to be delivered in 2026-2032.

It also includes 120 future purchasing options for both Boeing and Airbus.

Lufthansa plans to finance the purchase with net investments of 2.5-3 billion euros ($2.7-3.2 billion) in 2023 and about the same amount next year.

The order would not have a significant amount on the capital expenditure in 2023-2024, it added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.