EADSY - Lufthansa places order for 22 Airbus and Boeing aircraft

Deutsche Lufthansa ( OTCQX:DLAKY ) announced new orders of 22 aircraft for a total of $7.5B on Thursday.

According to a company statement, the German flagship carrier has placed new orders for 10 Airbus A350-1000 passenger aircraft, 5 Airbus ( OTCPK:EADSY ) A350-900 passenger aircraft, and 7 Boeing ( BA ) 787-9 ‘Dreamliner’ passenger aircraft. The new long-haul planes will replace older models as the carrier continues to update its fleet with over 100 orders due for delivery “over the next few years.”

“With our purchase of 22 further Airbus A350s and Boeing 787s, we have secured the delivery of more than 50 latest-generation long-haul aircraft for the member airlines of the Lufthansa Group since the pandemic began,” Lufthansa CEO Carsten Spohr said. “These aircraft will be equipped with our new long-haul cabins, including the latest-generation seats in all classes of travel. And the combination of our superb employees on the ground and on board, these highly advanced aircraft and our latest seating product on board will position our airlines well to the fore again within the premium segment.”

He added that the new order will aid the company in reaching lower emission targets as well.

Elsewhere, Spohr’s contract as CEO was extended for 5 years by Lufthansa’s Supervisory Board. CFO Remco Steenbergen’s contract was extended for the same term, with both extensions coming ahead of schedule.

“Carsten Spohr successfully leads Lufthansa as CEO for the past eight years. During this time, he has not only mastered the most difficult crises and challenges but has also been responsible for the most economically successful years in the Group's history,” Supervisory Board Chair Dr. Karl-Ludwig Kley commented. “With his experience, competence and personality, he is the right person to also master the challenges ahead.”

Read more on recent technical problems and worker strikes plaguing the German airline .

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