Deutsche Lufthansa AGXETR: LHA

Lufthansa expands Boeing 737 MAX fleet

· Issued by Deutsche Lufthansa AG

Summary by 6ix AI

The Supervisory Board of Deutsche Lufthansa AG has approved exercising options for 20 Boeing 737 MAX 10 aircraft for the Lufthansa Group's short- and medium-haul fleet. The order has a list value (catalogue price) of approximately USD 3.4 billion.

Key details

  • The options were secured in a 2023 order for 40 Boeing 737 MAX 8 aircraft, which included a total of 60 purchase options for additional Boeing 737 MAX family aircraft. These are the first 20 of those options to be exercised.
  • The new aircraft are intended to gradually replace older Airbus A320 family aircraft across the Group.
  • Lufthansa Group says the Boeing 737 MAX 10 is the largest member of the 737 MAX family, has more seats than the 737 MAX 8 already on order, and uses around 30 percent less fuel than the older aircraft it is intended to replace. It says the higher seating capacity reduces unit costs by approximately 20 percent.
  • The order is part of Lufthansa Group's ongoing fleet modernization program, under which the group expects to take delivery of more than 250 new aircraft by 2035.

What’s still pending

  • Delivery of the Boeing 737 MAX 10 aircraft is scheduled to begin in the early 2030s.

6ix AI wrote this summary from the release below and checked it against the release.

Lufthansa Group continues the modernization of its short- and medium-haul fleet. The Supervisory Board of Deutsche Lufthansa AG has approved the exercise of options for 20 Boeing 737 MAX 10 aircraft. The rights were secured as part of a 2023 order for 40 Boeing 737 MAX 8 aircraft, which included a total of 60 purchase options for additional aircraft from the Boeing 737 MAX family.

Delivery of the newly ordered Boeing 737 MAX 10 aircraft is scheduled to begin in the early 2030s. By exercising the first 20 options, Lufthansa Group further strengthens its long-term capacity planning. The new aircraft are intended to gradually replace older Airbus A320 family aircraft across the Group.

The Boeing 737 MAX 10 is the largest member of the Boeing 737 MAX family and offers additional comfort for Lufthansa Group customers. It provides greater seating capacity than the Boeing 737 MAX 8 already on order.

Compared to the older aircraft it is intended to replace, the Boeing 737 MAX 10 consumes around 30 percent less fuel. At the same time, its higher seating capacity reduces unit costs by approximately 20 percent. The new aircraft will therefore make an important contribution to reducing CO₂ emissions and further improving efficiency on European routes.

The order, with a list value of approximately USD 3.4 billion, forms part of Lufthansa Group's ongoing fleet modernization program. By 2035, the airline group expects to take delivery of more than 250 new aircraft, continuing its investment in an efficient and sustainable fleet.

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