Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did 😎Read how

Lufthansa to order 22 long-haul aircraft with total list price of $7.5 billion

Published 02/03/2023, 13:27
Updated 02/03/2023, 13:51
© Reuters. FILE PHOTO: Lufthansa logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

BERLIN (Reuters) -Lufthansa on Thursday said it would order 22 latest-generation long-haul aircraft with a total list price of $7.5 billion.

The deal includes 10 Airbus A350-1000s, five Airbus A350-900s and seven Boeing (NYSE:BA) 787-9s and the aircraft will be delivered from the mid-2020s onwards, the company said.

Lufthansa is also in advanced negotiations to acquire further long-haul aircraft that could be made available at shorter notice, it added.

The aircraft order means that Lufthansa has secured more than 50 latest-generation long-haul aircraft for its member airlines since the pandemic began, CEO Carsten Spohr said in a statement.

They "will also play a decisive role in helping us achieve our carbon emission reduction goals by 2030 as fuel-efficient aircraft which incorporate the latest manufacturing technology are by far the greatest lever for providing more climate protection within the aviation sector," Spohr added.

Airbus said the order brought up Lufthansa's A350 order book to a total of 60 aircraft.

Earlier on Thursday, Germany's flagship airline said the supervisory board agreed to extend Spohr's contract as CEO for another five years.

Lufthansa and Airbus also announced that they had signed a memorandum of understanding (MoU) on strengthening their cooperation in sustainability, including sustainable aviation fuels and exploration into the use of hydrogen.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.