Lufthansa backs major Airbus, Boeing jet order
Deutsche Lufthansa signaled a major aircraft order to drive down fuel costs on long routes, saying its board had backed modernization plans that industry watchers expect to benefit both Airbus and Boeing.
September 19, 2013
Germany’s top carrier gave few details after a board decision on 18 Sept, but people familiar with the matter said the deal could include $14-15 billion of firm orders split between jetmakers, including the first order for a revamped B777.
Lufthansa is in the middle of a deep restructuring that includes 3,500 job cuts, while investing in modern jets to cut its fuel bill and catch up with Middle East rivals particularly on highly fought-over routes between Europe and Asia.
The influential airline’s decision is keenly awaited as Airbus and Boeing scramble for advantage in the lucrative market for twin-engined jets carrying between 300 and 400 people.
Excluding options, Lufthansa is expected to order up to 45 aircraft, including the first solid order for a revamped version of Boeing’s best-selling twinjet, code-named 777-9X.