Lufthansa Group to buy 108 aircraft; swings to profit in 2012 – ATWOnline


A Lufthansa A340-311 lands at O’Hare International in August 2012. Photo: Chris Jacobs – OPShots Contributor//

Lufthansa Group has announced plans to purchase 108 new Airbus and Boeing aircraft, valued at €9 billion $12 billion based on list prices. The order will be made up of 100 short- and medium-range aircraft, as well as eight long-range aircraft. Deliveries are scheduled for 2015 to 2025. Lufthansa is in ongoing discussions with both manufacturers about specific aircraft types.Lufthansa Group reported a 2012 net profit of €990 million $1.32 billion, reversed from a €13 million loss in the year-ago period. The company attributed the results to non-recurring effects from the one-off sale of equity investments, including restructuring costs of €160 million for the Group-wide SCORE program. The company had forecast an operating profit for 2012 in the mid-three digit million euro range.

via Lufthansa Group to buy 108 aircraft; swings to profit in 2012 | ATWOnline.

About the author

Chuck Slusarczyk Jr.

I started OPShots in June 2006 as a place to share and display aviation photos without the often restrictive policies of other aviation websites. I want to share my love of aviation with fellow aviation geeks and provide a spotlight on Cleveland Hopkins International airport in the process.

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