December 19, 2023 05:51 pm | Updated 05:51 pm ISTLufthansa ordered 80 planes from Boeing and Airbus and agreed future purchasing options for a total value of $9 billion, the German flagship carrier said on Tuesday. The deal provides for 40 Boeing 737-8 MAX and 40 Airbus A220-300s to be delivered in 2026-2032. It also includes 120 future purchasing options for both Boeing and Airbus. Lufthansa plans to finance the purchase with net investments of 2.5-3 billion euros ($2.7-3.2 billion) in 2023 and about the same amount next year. The order would not have a significant amount on the capital expenditure in 2023-2024, it added.

Source: The Hindu December 19, 2023 20:45 UTC