Key Takeaways
- Boeing Co. said Germany’s Lufthansa AG would buy single-aisle aircraft from the plane maker for the first time since 1995.
- The German carrier has placed a firm order for 40 737 MAX jets, with options on 60 more.
- Lufthansa said adding the 737 MAX will help modernize its fleet and boost its efforts to reduce its carbon footprint.
For the first time in nearly three decades, Boeing Co. (BA) has received an order for single-aisle planes from Germany’s Deutsche Lufthansa AG.
The aircraft maker said on Tuesday that the European airline will buy up to 100 737 MAX jets, placing a firm offer for 40 planes, with options for 60 more.
Lufthansa was an original launch customer for Boeing 737s in 1967, but its last purchase was in 1995 as the carrier moved to an all-Airbus single-aisle fleet. It has continued to buy Boeing’s wide-body planes.
Carsten Spohr, chairman of the executive board and chief executive officer (CEO) of Lufthansa, called adding the 737 MAX a “good strategic decision,” which will help the airline modernize its short- and medium-haul fleet and achieve carbon-reduction targets.
Stan Deal, president and CEO of Boeing Commercial Airplanes, said the new planes will give Lufthansa significant improvements in fuel use, emissions, and community noise impact, while reducing costs.
Lufthansa also said Tuesday it put in an order for 40 Airbus A220-300 aircraft, putting the total cost for the two deals at about $9 billion, according to a Reuters report.
Boeing shares gained 1.2% Tuesday and were trading at their highest level since March 2021.
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