Seeking Alpha

Lufthansa orders $19B worth of planes from Boeing, Airbus

  • Boeing (BA) has received an $11B booking for 34 of its upgraded 777-9X aircraft from Deutsche Lufthansa (DLAKF.PK) even though the U.S. company's board hasn't even approved the jet yet. Boeing expects to make that decision later this year.
  • The German carrier has also ordered 25 Airbus A350-900s (EADSF.PK), taking its total purchases to $19B at list prices.
  • Lufthansa has options for an additional 30 units of each plane as well.
  • Boeing hasn't yet disclosed the pricing for the 777-9X, which is expected to carry over 400 passengers and use GE (GE) engines, although Lufthansa's order indicates a cost of above $340M a plane. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector