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Boeing, Lufthansa Group Complete Order for Four 777 Airplanes

  • Boeing, Lufthansa Group Complete Order for Four 777 Airplanes
  • Order includes two 777-300ERs for SWISS and two 777 Freighters for Lufthansa Cargo

SEATTLE, May 8, 2018 /PRNewswire/ — Boeing [NYSE: BA] and the Lufthansa Group completed an order for four more 777 airplanes, valued at $1.4 billion at list prices. The purchase is part of the aviation company’s plans to modernize its fleet with newer widebody airplanes.

“The order for the new long-haul aircraft highlights the strategy of Lufthansa Group to predominantly allocate the growth within its multi-hub system where cost and quality offer the best conditions for profitable investments,” said the Lufthansa Group in a company statement.

The order provides two more Boeing 777-300ER (Extended Range) airplanes for Swiss International Air Lines (SWISS), the national carrier of Switzerland and a member of the Lufthansa Group.

SWISS currently operates 10 777-300ERs, one of the most efficient, capable and reliable twin-aisle passenger airplanes in aviation. The airline says the 777-300ER has served as the backbone of their long-haul fleet and the additional airplanes will allow them to further expand their network.

The order also provides two more 777 Freighters for Lufthansa Cargo, one of the world’s leading air freight carriers that serves nearly 300 destinations.

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“We are honored that Lufthansa Group, an aviation leader in Europe and around the world, is expanding their fleet of 777 airplanes,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. “The order is another testament to the tremendous value of the 777 and its unique combination of long-range, outstanding efficiency, and leading reliability.”

The 777-300ER can seat up to 386 passengers in a three-class configuration and has a maximum range of 7,930 nautical miles (14,685 km). The 777 Freighter, the industry’s largest and longest-range twin-engine cargo jet, can fly 4,900 nautical miles (9,070 kilometers) with a payload of 102 metric tonnes (102,000 kg).

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Boeing, Lufthansa Group Complete Order for Four 777 Airplanes

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Boeing, Antonov to Collaborate on Defense Projects

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”

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