New heights for Lufthansa with order for 59 Boeing 777s and Airbuses

Airline Lufthansa has announced the purchase of 59 new planes: 34 Boeing 777-9Xs and 25 Airbus A350-900s. (Release)

The new planes will join the 107-strong fleet, serving to replace older 747-400s and Airbus A340-300, which be phased out by 2025.

Lufthansa's order totals 14bn (£11.7bn) to date with an overall list value of 36bn (£30.2bn) for 295 new aircraft for delivery by 2025.

Speaking at a press conference in Frankfurt, chairman of the executive board and CEO Christoph Franz said:

This investment will safeguard about 13,000 jobs at Lufthansa alone as well as thousands of jobs at our partners in aviation and other suppliers.

The Boeing 777-9X is considered the most economic plane in terms of kerosene consumption.

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