• Germany's news in English
 
app_header_v3

Lufthansa splashes out €14 billion on new fleet

The Local · 19 Sep 2013, 11:38

Published: 19 Sep 2013 11:38 GMT+02:00

Germany’s biggest airline said in a statement it has ordered 34 new Boeing 777-9X jets and 25 Airbus A350-900 to renew its fleet. Delivery is scheduled from 2016, the statement said.

The order - described by Lufthansa as the single largest investment ever made by a private investor in Germany - will build a fleet of more fuel-efficient aircraft to combat high oil prices.

"With these aircraft, we make a quantum leap in terms of efficiency," chief executive Christoph Franz told a news conference.

The new aeroplanes would primarily serve to replace existing aircraft at Lufthansa, with older Boeing 747-400s and Airbus A340-300s to be phased out by 2025, he explained.

"This investment will safeguard about 13,000 jobs at Lufthansa alone as well as thousands of jobs at our partners in aviation and other suppliers," Franz said.

Lufthansa currently operates a long-haul fleet of around 107 aircraft, among them 10 ultra-modern Airbus A380s and nine Boeing 747-8s as well as the Airbus A330-300.

The fleet also includes Airbus A340s and Boeing 747-400s. "The aim is to reduce the number of different models and fleet complexity and also replace existing aircraft with state-of-the-art aeroplanes," Franz said.

Following an order already placed in March of this year, Lufthansa currently has a total of 295 brand-new aircraft on order with a list value of €36 billion which are expected to be delivered by 2025.

Story continues below…

On the Frankfurt stock exchange, Lufthansa shares gained 1.37 percent following the announcement, slightly outperforming the market with the blue-chip DAX index up 1.17 percent.

READ MORE: Lufthansa profits halved

AFP/tsb

The Local (news@thelocal.de)

Your comments about this article

Today's headlines
Travellers stuck after dozy train driver forgets Freiburg
Photo: DPA

It's one thing to miss a train - it's another when the train misses you.

Berlin airport employee admits taking €150,000 bribe
Berlin Brandenburg Airport. Photo: DPA

The German capital's long-delayed international airport has been haunted by claims of corruption and incompetency.

Teachers' union: school burqa bans only isolate girls more
Women wearing niqabs. Photo: DPA.

A German trade union for teachers has warned of the consequences of banning certain religious attire in schools after a teen this week was told she could not wear a face veil to school.

Bundesliga
Bayern ban big bags and bottles for Bundesliga opener
Photo: DPA

Bayern Munich have tightened security measures at their stadium, banning spectators from carrying big bags and bottles, ahead of Friday's home match - the first of the new German league season.

Drugstore chain DM starts selling pepper spray
Photo: DPA

One of Germany's largest drug stores has started selling pepper spray due to "increased requests" from customers.

AfD accused of using neo-Nazi symbols on campaign car
Photo: Facebook of NO LEGIDA.

The Leipzig branch of the far-right Alternative for Germany (AfD) party has come under fire for seemingly using Nazi symbols on a campaign car.

Merkel wants migrant return deals with N. African states
Migrants in the Mediterranean. Photo: DPA

German Chancellor Angela Merkel called Tuesday on the EU and North African countries to do deals modelled on a controversial agreement with Turkey to stem migrant flows to Europe.

VW reaches supplier deal to resume production
Photo: DPA

German car giant Volkswagen said on Tuesday it has reached a deal with suppliers to begin deliveries again after a stoppage that forced the group to halt production at several plants.

Merkel calls for 'loyalty' from Turkish-Germans
Chancellor Angela Merkel. Photo: EPA.

Those who have lived in Germany for many years should actively show a "high level of loyalty", the Chancellor said.

Govt paper mulls bringing back army conscription
Photo: DPA

In its new concept paper on civil defence, the federal government discusses the concept of conscription, five years after it was abolished.

Sponsored Article
Why you should attend an international job fair
Gallery
Germany's 17 Olympic gold medals in pictures
Sponsored Article
Why expats choose international health insurance
Culture
7 American habits that make Germans very, very uncomfortable
Rhineland
Story of a fugitive cow who outwitted police for weeks before capture
Sponsored Article
Why you should attend an international job fair
Culture
Eleven famous Germans with surnames that'll make your sides split
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
Lifestyle
The best ways to get a visa as an American in Germany
14 facts you never knew about the Brandenburg Gate
Society
Ten times Germans proved they really, really love beer
Sponsored Article
Why Jordan is the ‘Different’ East
Lifestyle
What's on in Germany: events for August 2016
Sponsored Article
Five things Americans should know about voting abroad
National
Six things you need to know when moving to Germany
Travel
These 10 little-known German towns are a must see
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
International
German scientists prove birds can sleep while flying
Sponsored Article
Jordan: where history meets adventure
Technology
London v. Berlin: Which is better for startups?
Lifestyle
13 mortifying mistakes German learners always make
Sponsored Article
6 reasons expats use TransferWise to send money
Travel
Enter if you dare: Berlin's best abandoned haunts
Sponsored Article
Why you should attend an international job fair
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
Sponsored Article
Five things Americans should know about voting abroad
National
How to get German citizenship (or just stay forever)
Sponsored Article
Jordan: where history meets adventure
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
Sponsored Article
6 reasons expats use TransferWise to send money
Travel
Six soothing day trips to escape the bustle of Berlin
International
'Germany needs to make UK come to its senses'
Features
Six odd things Germans do in the summer
Features
How two gay dads cut through German red tape to start a family
8,582
jobs available
Toytown Germany
Germany's English-speaking crowd