Lufthansa Adjusts Boeing 777X Order

Lufthansa has made an adjustment to their Boeing 777X order, by pulling out of a commitment to purchase 14 of the larger 777-9s worth $6.2 billion. The announcement comes as the airline works to slow fleet growth in an effort to reduce capital and overcapacity. Rather than cancelling the order completely, the airline has formed an agreement with Boeing to re-designate the aircraft as options. As Bloomberg said in their article, the adjustment is usually in the other direction where … Continue reading Lufthansa Adjusts Boeing 777X Order