Lufthansa Approves USD$11.7 Bln Aircraft Orders

March 14, 2013

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Lufthansa's supervisory board has approved the purchase of 108 aircraft from Airbus and Boeing with a list price of EUR€9 billion (USD$11.7 billion).

The order includes an additional two Airbus A380s, 30 A320ceos and six Boeing 777-300ERs, Lufthansa said on Thursday as it published its 2012 financial results.

The announcement comes on the same day that Airbus delivered its 100th A380, which was handed over to Malaysia Airlines in Toulouse. Lufthansa now has 10 A380s in operation and 14 on order.

Lufthansa said its order includes 30 A320ceo aircraft and added its board had also granted permission to conclude negotiations for 70 Airbus A320/321neos.

Airbus had hinted at imminent orders worth over USD$10 billion for A320neos earlier this week, saying cumulative orders for the revamped jet would probably hit 2,000 by the end of this month.

Lufthansa is Airbus's biggest customer, with a total of 532 aircraft ordered from the European plane maker and 385 in service, the airline said.

The new 777-300ERs will be used by Lufthansa's carrier SWISS, while the A380s and A320ceos will go to Lufthansa. It said it would announce later which engines would power the new aircraft.