Lufthansa Group (OTC: DLAKY) plans to continue its strategic decision to strengthen Lufthansa Cargo with an order for seven Boeing Co (NYSE: BA) 777-8 Freighters, the fuel-efficient twin-engine freighter.
Lufthansa also placed a new order for two 777 Freighters to add to its cargo fleet, providing extra cargo capacity in the near term until the delivery of its first 777-8 Freighter.
Additionally, the Lufthansa Group continues to accelerate the modernization of its long-haul passenger fleet with a new purchase of seven 787-9s.
Lufthansa Group's total order book for the 787 Dreamliner now has 32 firm orders. With 20 firm orders, the Group is also a launch customer for Boeing's 777X passenger plane.
Boeing launched the new 777-8 Freighter in January and has already booked 34 firm orders for the model.
Price Action: BA shares are trading higher by 0.53% at $134.02 during the premarket session on Tuesday.
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