The Lufthansa Group will order up to 16 aircraft from Airbus and Boeing in a deal valued at €2.1 billion ($2.5 billion) at list prices.

The orders include up to 12 Airbus A320 family aircraft for Lufthansa Group carriers, two Boeing 777-300ERs for Swiss and two 777 Freighters for Lufthansa Cargo, the Frankfurt-based carrier says. The Lufthansa Group board approved the deals today.

The A320 family order is split between up to six A320s that will be delivered "depending on availability" this year to offset A320neo delays, and the conversion of six A320neo options to firm orders with deliveries in 2022.

Swiss will take the 777-300ERs in 2020 and use them for growth.

Lufthansa Cargo will use the 777Fs to replace ageing Boeing MD-11s.

Lufthansa Group carriers operate 350 A320 family and 10 A320neo family aircraft, 10 777-300ERs and five 777Fs, Flight Fleets Analyzer shows. Not including the latest deal, they have firm orders for 61 A320neos, 45 A321neos and 20 777-9Xs.

Source: Cirium Dashboard