Lufthansa board okays aircraft buy


FRANKFURT: Deutsche Lufthansa AG's supervisory board has approved orders to buy seven long-haul jets from the Airbus affiliate of EADS, the German airline said on Wednesday. 

The airline said in a statement that the A340-600 aircraft, scheduled for delivery in 2006 and 2007, would mainly replace its aircraft serving its profitable long-haul business. 

It did not disclose the purchase price. Based on the Airbus list price for 2004, the orders would be worth up to US$1.5bil. 

Airbus A340-600 competes with Boeing's B777-300ER. 

“We are gearing for systematic growth. Our two hubs in Frankfurt and Munich offer further perspectives in long-haul traffic,” Lufthansa chief executive Wolfgang Mayrhuber said in a statement. 

Lufthansa, which already has 10 of the type in its fleet, said the orders were included in its investment planning. – Reuters  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

12MP: Digital economy to contribute 25.5% to GDP by 2025
Telcos weigh on FBM KLCI
OCBC Bank rolls out solar panel financing plan for residential homes
12MP: Investments in global services set to reach RM89bil in 2025
12th Malaysia Plan: GDP growth of 4.5% to 5.5%
12th Malaysia Plan: Economic highlights
Foreign investors momentum on Bursa tapering off
Ringgit opens higher on improving sentiment
Quick take: VS Industry shares fall despite record profits
Bursa opens flat ahead of 12MP unveiling

Stories You'll Enjoy


Vouchers