Lufthansa to Order New Airbus Planes in Push to Save Fuel

Deutsche Lufthansa AG agreed to renew its short-haul fleet with 100 mostly fuel-efficient jets from Airbus SAS, as the airline seeks to cut kerosene costs that constitute its single biggest expense.

Of the new aircraft, 70 will be A320neo and A321neo models, while 30 will be equipped with the current engine option, the company said in a statement today. The airline will also take six Boeing 777-300ER for the long-haul fleet of its Swiss unit and two additional A380 for its namesake brand, bringing the list price for the planes to 9 billion euros ($11.7 billion).