Lufthansa has decided to purchase ten more Airbus and Boeing widebodies.
The supervisory board of Lufthansa Group approved the acquisition of five Airbus A350-900s and five Boeing 787-9s on Monday as part of a long-term fleet renewal programme that will see the company receive 175 new planes this decade. Starting this winter with the first 787-9 and continuing into the first half of 2022, Lufthansa Airlines will fly all ten long-haul widebodies. With Monday's announcement, the total number of firm orders for Boeing 787-89 and 777-9 aircraft has risen to 45.
Due to some airlines' recent decisions to delay or cancel orders due to Covid concerns, Lufthansa has been able to deliver previously produced aircraft earlier than anticipated.
Photo From lufthansagroup.com
The A350-900 order takes Lufthansa's total firm order for Airbus widebodies to 45. The newly ordered A350-900s are expected to join Lufthansa's fleet in 2027 and 2028, according to plans.
The 787-9 and A350-900 will effectively replace the four-engine A340, according to Lufthansa, as part of a fleet reduction process. By the middle of the decade, the number of four-engine aircraft in the group's long-haul fleet is expected to be reduced to less than 15%, down from around 50% before the crisis. It went on to say that the aircraft acquisitions effectively accelerate the reduction of fleet complexity for increased performance. The new aircraft would have 15% lower operating costs than the ones they replace, according to Lufthansa.
According to the community, the investment in new aircraft complies with the framework agreement between the Federal Republic of Germany's Economic Stabilization Fund (WSF) and Deutsche Lufthansa AG. The investment also adheres to the company's policy of restricting annual capital expenditures to the extent of depreciation and amortisation and concentrating solely on increasing shareholder value, according to the company.