Lufthansa Group is ordering 20 Boeing 787-9s and is also taking another 20 Airbus A350-900s to replace four-engined jets in its fleet.
The carrier has also disclosed that it is to sell six of its Airbus A380s within the next four years.
Lufthansa Group’s supervisory board has approved the acquisition of the 40 twin-engined long-haul jets, which will include the first 787s for Lufthansa.
The new aircraft, valued at $12 billion, will be delivered over the course of 2022-27.
Lufthansa has also revealed that it will sell six of its 14 A380 jets back to Airbus.
The airline says it “continuously monitors the profitability” of its route network and is cutting the A380 fleet to eight aircraft “for economic reasons”.
“By replacing four-engined aircaft with new models, we are laying a sustainable foundation for our future in the long run,” says chief executive Carsten Spohr.
The carrier, already a customer for the A350-900 and the 777-9, is yet to decide where the additional A350s and the 787s will be stationed.
Lufthansa Group states: “The structure of the network and the long-haul fleet, fundamentally optimised according to strategic aspects, will give the company more flexibility and at the same time increase its efficiency and competitiveness.”