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FRANKFURT: May 07, 2018. The Lufthansa Group has ordered two more B777 freighters for Lufthansa Cargo (LCG), with delivery in February and March 2019, and two additional B777-300 passenger aircraft for SWISS. The average list price for a B777F last year was $318.7 million.

swiss new aircraftThe cargo airline says the investment reflects its recent financial success. In March it reported a 21.1 percent increase in revenue to €2.52 billion for 2017 and an adjusted EBIT of €242 million.

Last year 50 percent of its B777/MD-11 freighter fleet plus its Aerologic joint venture carried half its total cargo uplift. The rest flew on passenger aircraft operated by Lufthansa German Airlines, Austrian Airlines and Eurowings’ long-haul flights.

"The Boeing 777F is not only the world's most powerful, efficient and environmentally friendly freighter, it is also a visible sign of our modernization strategy," said Peter Gerber, CEO of Lufthansa Cargo AG. "With the growth of our Boeing 777 freighter fleet, an important milestone has been reached on our way to forming a company for the next generation," Gerber added.

LCG says its future goal is to digitalize relationships with all stakeholders in the supply chain - from bookings to deliveries - in order to make its business more customer-friendly.

In a bid to cut costs this year, the airline is closing its unprofitable Lufthansa Cargo Service Center and further “optimizing” a fleet of 12 MD-11 freighters.

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