Aug 22 Deutsche Lufthansa AG's board
of directors and supervisory board are expected to approve in
mid-September an order for about 50 wide-body jets worth more
than $10 billion at list prices, according to two people
familiar with the matter.
The German airline previously said it expected to place such
an order in the second half of 2013.
Lufthansa is evaluating Boeing Co's 787 Dreamliner,
Boeing's still-to-be-launched 777X, and Airbus's A350,
which made its maiden flight in June.
Final approval of the order is expected at Lufthansa's Sept.
18 supervisory board meeting, after the airline's executive
board makes a preliminary decision, the sources said.
Since most delivery slots for the new planes are booked
years in advance, Lufthansa is expected to buy the latest
versions of the planes, such as the recently launched 787-10,
the 777X-9 and the A350-1000, one of the sources said.
The order could be a mix of Boeing and Airbus aircraft, or
Lufthansa could choose to buy only one aircraft type or order
entirely from one plane maker, the sources said.
The new wide-body planes would replace 22 Boeing 747-400s
and more than 20 Airbus A340s currently in Lufthansa's fleet.
Lufthansa's fleet has no 777 passenger planes. Its cargo
operation has five 777 freighters on order, with the first
delivery due in October. Lufthansa's Austrian and Swiss airline
subsidiaries already fly 777 passenger planes.
The new wide-body planes likely would be delivered starting
in 2018 or 2019, so it is not yet known how many would be for
replacement of existing aircraft and how many would be for
growth, said one of the sources.
Lufthansa is considering the 787 Dreamliner even though the
new high-tech jet has suffered a string of problems, including
overheating batteries that prompted regulators to ground the
craft earlier this year.
In August, Lufthansa Chief Financial Officer Simone Menne
said the airline was not worried about problems with the
Dreamliner because "a lot of aircraft have teething problems in
the beginning, like the 747-400, and now it's flying absolutely
reliable for years and years and years."