Lufthansa Supervisory Board Approves Order For 48 New Aircraft


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Lufthansa Supervisory Board Approves Order For 48 New Aircraft

Jim Douglas

September 23, 2010- The Supervisory Board of Deutsche Lufthansa AG approved the order of 48 new aircraft for the Group at its meeting on Wednesday. Of these new aircraft, eight Airbus A330-300, equipped with Rolls-Royce Trent700 engines, will be deployed on long-haul routes and the remaining 40 aircraft will be deployed in continental traffic. 

The planned order includes three Airbus A330-300 and twenty Airbus of the A320-family for Lufthansa Passenger Airlines, as well as eight new Embraer 195 aircraft for Lufthansa Regional.

In addition, the order includes five Airbus A330-300, two Airbus A321 and two Airbus A320 for SWISS, as well as eight new Airbus A319 for Germanwings. The new, highly modern and fuel efficient aircraft will be delivered to the Group successively from 2012. The order has a list value of approximately 3.5 billion Euros. 


?Investments in new aircraft strengthen the competitiveness of the airlines in the Group, and a modern fleet increases fuel efficiency and reduces operating costs, noise pollution and CO2 emissions. That equally benefits our customers, shareholders and staff, as well as the environment. This order will allow our airlines to make targeted use of the growth opportunities that are resulting from the growing demand, and at the same time, it will allow us to preserve the necessary freedoms to always react to fluctuations in demand and changes in the market with the necessary flexibility,? commented Lufthansa Chairman and CEO Wolfgang Mayrhuber, speaking on the decision. 

The financing of the orders shall occur using the Group?s liquid assets or external financing. Deutsche Lufthansa AG is the flag carrier of Germany and the largest airline in Europe in terms of overall passengers carried. The name of the company is derived from Luft (the German word for "air"), and Hansa (after Hanseatic League, the powerful medieval trading group). 

The airline is the world's fifth-largest airline in terms of overall passengers carried, operating services to 18 domestic destinations and 183 international destinations in 78 countries across Africa, Americas, Asia and Europe. It is also Germany's largest and 2nd largest in Europe. Together with its partners Lufthansa services around 410 destinations. With over 722 aircraft it has the third-largest passenger airline fleet in the world when combined with its subsidiaries.


Lufthansa's registered office and corporate headquarters is in Deutz, Cologne, with its main operations base (Lufthansa Aviation Center [LAC]) and primary traffic hub at Frankfurt Airport in Frankfurt am Main with a second hub at Munich Airport. The majority of Lufthansa's pilots, ground staff, and flight attendants are based in Frankfurt. Lufthansa is a founding member of Star Alliance, the world's largest airline alliance formed in 1997. The Lufthansa Group operates more than 500 aircraft and employs worldwide 105,261 people of 146 nationalities (31 December 2007). In 2008, 70.5 million passengers flew with Lufthansa (not including Germanwings, BMI, AUA, Brussels Airlines).


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