Frankfurt — German airline giant Lufthansa says it has ordered 40 long-haul jets, 20 each from rivals Airbus and Boeing, as it replaces its older four-engined fleet with more modern aircraft. Boeing will supply 787-9 planes and Airbus its A350-900 to the Frankfurt-based group, with the list price for the order coming to $12bn, although the airline said it had “negotiated a significant price reduction” from the manufacturers. In the same statement, Lufthansa said it had agreed with Airbus to return six of its fleet of 14 A380 super-jumbos to the pan-European firm. “The parties have agreed not to disclose the purchasing price,” Lufthansa said. Airbus said in February it would stop manufacturing the A380 in 2021 for lack of orders, as the aircraft designed to ferry huge numbers of passengers between major hubs is displaced by smaller, more flexible planes. CEO Carsten Spohr said the purchase of the new twin-engined fleet meant “laying a sustainable foundation for our future” with cheap...

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