Boeing, Lufthansa Group complete 777 order

(iStock)
(iStock)

Boeing and the Lufthansa Group completed an order for four more 777 airplanes, valued at $1.4bn at list prices.

The purchase is part of the aviation company's plans to modernize its fleet with newer widebody airplanes.
 
"The order for the new long-haul aircraft highlights the strategy of Lufthansa Group to predominantly allocate the growth within its multi-hub system where cost and quality offer the best conditions for profitable investments," said the Lufthansa Group in a company statement.
 
The order provides two more Boeing 777-300ER (Extended Range) airplanes for Swiss International Air Lines (SWISS), the national carrier of Switzerland and a member of the Lufthansa Group.
 
SWISS currently operates 10 777-300ERs. The airline says the 777-300ER has served as the backbone of their long-haul fleet and the additional airplanes will allow them to further expand their network.
 
The order also provides two more 777 Freighters for Lufthansa Cargo, which serves nearly 300 destinations.
 
The 777-300ER can seat up to 386 passengers in a three-class configuration and has a maximum range of 14 685 km. The 777 Freighter, the industry's largest and longest range twin-engine cargo jet, can fly 9 070km with a payload of 102 000kg.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

ZAR/USD
17.63
(-0.14)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.78
(-0.04)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.02)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 929 votes
It depends on how the funds are used.
74% - 6240 votes
No. We should have gotten the loan elsewhere.
15% - 1284 votes
Vote