The Lufthansa Executive Board has decided to buy seven Boeing 787-9, three 777F and seven 777-8F. The leases of two 777F aircraft, which would have originally run until 2024, are being extended. The supervisory board has already given the project the green light.

The Boeing 787-9 passenger aircraft are designed to fill capacity gaps caused by the late delivery of the 777-9. Lufthansa will receive the aircraft originally intended for other airlines from 2025. At the same time, the delivery dates for the Boeing 787-9 already ordered will be adjusted and in some cases brought forward to 2023 and 2024.

The group management assumes that the demand for air freight services will remain high in the coming years. It is believed that global supply chains will remain disrupted. Good market opportunities are seen for further growth "in this highly profitable business area". Three more Boeing 777Fs are therefore acquired. These are used aircraft. A freighter that previously flew for another airline will be handed over to Lufthansa Cargo in the next few weeks. Two new aircraft will follow at a later date. In addition, the contracts for two leased 777Fs will be renewed.

The Lufthansa Group is one of the first customers to buy seven Boeing 777-8F freighters. They are based on the new technology of the Boeing 777X. The first aircraft will be delivered from 2027. “We are consistently investing in more economical, quieter and more economical aircraft that emit significantly less CO2 and are thus driving our fleet modernization forward. With the purchase of these state-of-the-art aircraft, we are once again demonstrating the Lufthansa Group's future viability and ability to invest. We are going on the offensive again, expanding our leading role and taking responsibility for the environment - with premium products for our customers and a more sustainable fleet," explains CEO Carsten Spohr.

Taking into account the measures decided today, the Group expects net investments of around EUR 2022 billion in 2,5. Annual net investments are expected to amount to around 2024 billion euros up to 2,5 as well. The Group expects that the cost benefits associated with the fleet modernization will drive the achievement of the target of achieving an Adjusted EBIT margin of at least 2024 percent and an Adjusted ROCE of at least 8 percent by 10.