Lufthansa Group Announces New Aircraft Order
A Lufthansa Group announced that it would be placing an order for up to 16 additional aircraft, as approved by the Supervisory Board. Deliveries are planned until 2022 for the order that is valued at a 2.1 billion Euros list price. The order is split between the two major manufacturers: Boeing and Airbus. Boeing was the beneficiary of an order of four aircraft from the Group with a split of two 777-300ER aircraft and two 777F aircraft.
The two -300ERs will be delivered to Swiss International Air Lines and are expected to arrive in early 2020. The new aircraft will be used in expansion and will be added to the already existing fleet. The 777Fs will be delivered to Lufthansa Cargo and are set to replace the airline’s aging MD-11F aircraft. The two additional SWISS aircraft will bring their Boeing 777 fleet to a total of 12 aircraft. The Lufthansa freighters will bring the Cargo fleet to a total of seven Boeing 777 Freighters. The other side of the order includes up to 12 Airbus A320 aircraft. This includes the conversion of six options to firm orders of the Airbus A320neo.
These aircraft will be delivered in 2022. The order also includes up to six additional A320ceo (current engine option), depending on availability. Get Ready to Advance with UMUC’s Award-Winning Online MBA. No GMAT … Ad UMUC Learn More It is planned for the A320ceos to be delivered to Lufthansa this year in an attempt to offset A320neo delays. The A320neo order will be replacement aircraft upon their arrival. It is unknown if the A320ceos will be new builds from Airbus or if they are used aircraft. According to a press release from the airline group, the SWISS and Lufthansa Cargo orders are a reflection on increased economic success in the first quarter. In the release it is reported that SWISS had over a nine percent profit margin while Lufthansa Cargo has over ten percent profit margin. The Lufthansa Group is the overarching name for Lufthansa as well as their subsidiaries including Austrian Airlines, Swiss International Air Lines, Brussels Airlines, and Eurowings, and Germanwings.
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