Lufthansa on Thursday announced the largest aircraft order in its company history, an $18.9 billion order for 59 Airbus
passenger jets, including the 777X, the latest version of Boeing
's 777 family.
The German carrier said the order for 34 Boeing 777-9X and 25 Airbus A350-900 aircraft will reduce its fuel consumption by 25 percent and lead to a reduction in its noise footprint of "at least 30 percent." First delivery of the new aircraft is scheduled for 2016, as the airline looks to replace its aging Boeing 747-400s and Airbus A340-300s by 2025.
Lufthansa projects the new aircraft will lead to an overall 20 percent reduction in its operating costs.
According to Airbus, the A350 order includes options for 30 additional aircraft along with flexibility to convert a portion of the aircraft to the larger A350-1000 variant. Lufthansa will equip its A350s Trent XWB engines, as it placed a $1.5 billion order with Rolls-Royce Thursday as well.
Boeing has targeted a launch date for its 777X family by the end of this year, with entry into service scheduled for 2020. The order will make Lufthansa the launch customer for the 777X.
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