Europe’s Lufthansa Group agreed to buy four widebody jets valued at $1.4 billion from Boeing Co.
The purchase of the twin-aisle 777s provides Lufthansa subsidiary Swiss International Air two additional 386-passenger planes on top of the airline’s 10 existing 777s. It also gives Lufthansa Cargo two additional air freighters. The two businesses are part of a sprawling network that also includes Austrian Airlines and Eurowings.
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“The order is another testament to the tremendous value of the 777 and its unique combination of long range, outstanding efficiency, and leading reliability,” Boeing senior vice president Ihssane Mounir said in a statement.
The 777-300ER passenger jet, purchased for Swiss International, offers a three-class configuration and a maximum range of 7,930 nautical miles. The 777 Freighter, for Lufthansa Cargo, is the industry’s largest twin-engine jet and can fly 4,900 nautical miles with a payload of 102 metric tons.
Stock for Chicago-based Boeing dropped 0.7 percent to $338.14 in New York, while Cologne, Germany-based Lufthansa dipped slightly to $29.90.
