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Lufthansa Orders 40 Boeing, Airbus Planes

: Mar 13, 2019 - : 9:48 pm

Lufthansa has ordered 20 Boeing 787-9 and 20 additional Airbus A350-900 long-haul planes to replace its older four-engine aircraft as it seeks to boost the fuel efficiency of its fleet, the airlines group said on Wednesday.

Though it didn’t disclose the purchase price, Lufthansa said it negotiated a “significant” reduction on the $12 billion list price.

CEO Carsten Spohr said “by replacing four-engine planes with new models, we are laying a sustainable foundation for our future.”

The company said it plans to sell six of its 14 A380 planes to Airbus, with the planes leaving Lufthansa in 2022 and 2023. The price wasn’t disclosed.

Chief executive Carsten Spohr said the purchase of the new twin-engined fleet meant “laying a sustainable foundation for our future” with cheaper to run and less polluting jets.

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