Boeing confirmed that the delivery of its first 777X would be pushed by yet another
year, with the first delivery expected in early 2025.
Initially intended to deliver the first 777X in 2020, the program has now been delayed
by five years as Boeing clarified that it would take longer for the Boeing 777X’s
certification.
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And in today's video, we are going to talk about “Lufthansa Boeing 777X News & Updates!”
So without any further ado, Let's begin.
The plane has been delayed for a variety of reasons, ranging from production issues to
engine issues, to certification issues, to the pandemic.
It goes without saying that lots of airline customers aren’t at all pleased with these
delays, as they’ve been relying on Boeing’s timeline for their fleet planning.
Emirates will be installing its new first class on the 777X, which is otherwise only
available on fewer than a dozen 777-300ERs (unfortunately Emirates’ 777X business class
is a disappointment).
Cathay Pacific will be introducing an all-new first & business class on the 777X, though
the airline has delayed delivery of these planes to “beyond 2025”.
Lufthansa was supposed to debut its new business class on the 777X, though it’s now expected
to launch in 2023 on the 787 and A350.
The COVID-19 pandemic solidified how important freighter aircraft are to the aviation industry.
As Lufthansa Cargo's fleet develops and expands, it wants new aircraft.
The problem is that it can't get them fast enough.
The airline recently took a second-hand freighter from Emirates and didn't even have time to
repaint it before it entered service.
The Lufthansa Group is buying more state-of-the-art long-haul aircraft.
The Executive Board has decided to purchase: – seven Boeing 787-9 long-haul passenger
aircraft – three Boeing 777F freighter aircraft (current technology) – seven Boeing 777-8F
freighter aircraft (new technology) In addition, leases for two Boeing 777F freighter aircraft
(current technology), which run until 2024, will be extended.
The Supervisory Board approved the acquisition and the lease extension today.
“The seven highly economical and fuel-efficient 787-9 passenger aircraft are intended to fill
capacity gaps created by the Boeing 777-9’s delayed delivery,” Lufthansa (LHAB) (LHA)
said, adding that the Dreamliners, which were originally scheduled to go to other airlines,
would arrive in 2025 and 2026.
The order marks a coup for Boeing as it wrestles with delays related to the 777X project.
The 777-8F aircraft will be based on the 777X, an aircraft that has more efficient engines
than its predecessor, helping save airlines’ fuel bills.
Boeing launched the new 777-8 Freighter in January and has already booked 34 firm orders
for the model.
With advanced technology from the new 777X family and proven performance of the market-leading
777 Freighter, the 777-8 Freighter offers the highest payload and the lowest fuel use,
emissions and operating cost per tonne of any large freighter.
Built with lightweight composite materials and powered by advanced engines and a suite
of environmentally progressive technologies, the 787 family has an airport-noise footprint
that is 60% smaller than the previous generation of airplanes, making it ideal for Lufthansa
Group airport communities.
Including the measures resolved today, the Group expects net capital expenditures of
around 2.5 billion euros in 2022.
Annual net capital expenditures are expected to also amount to around 2.5 billion euros
up to 2024.
The Group expects the cost benefits associated with fleet modernization to drive the achievement
of its target to reach an Adjusted EBIT margin of at least 8% and a return on capital employed
of at least 10% by 2024.
Lufthansa Cargo, ranked in the top 15 cargo carriers in the world, currently controls
15 777 freighters, four of which are operated by DHL Express joint venture AeroLogic.
This spring It also began utilizing two Airbus A321 converted freighters, a narrowbody aircraft
that aviation engineering companies only recently introduced to the market.
The cargo airline also manages to book and handling for shipments carried in the parent
company’s vast global passenger network, as well as by Lufthansa subsidiaries Austrian
Airlines, Brussels Airlines, and Eurowings Discover.
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