Lufthansa adds freighters in flat market to face Gulf threat

Its cargo unit has five 777Fs due for delivery through 2015, with options for five more that can be converted from next September.


B777F Lufthansa MD-11


Lufthansa will boost cargo capacity as much as 5 per cent next year as it operates four new B777F freighter planes while retiring only two older MD-11 models. It will add a second B777F next month after taking the first today, plus two in 2014, Karl Ulrich Garnadt, the unit’s chief executive officer, said in Frankfurt. The jets will debut on U.S. flights and serve Asia routes from next year.

The company is adding aircraft with the air-cargo sector still struggling to regain lost ground after the 2008 slump in a bet that new planes will keep it competitive as passenger-jet orders from Gulf rivals add huge volumes of belly capacity. Its cargo unit has five 777Fs due for delivery through 2015, with options for five more that can be converted from next September.