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FINANCIAL NEWS
Germany’s Lufthansa to expand network in Saudi Arabia
22 May 2014
(MENAFN) Germany’s flag carrier Lufthansa, which operates a record number of 24 flights a week on Saudi-German sector, plans a fleet expansion project worth USD50 billion, according to Arab News.
Through the expansion project, Lufthansa will be able to acquire 295 latest-version of airplanes, including ultramodern Boeing 777-9x and new airbus A350-900 in a staggered schedule until 2025.
The announcement was revealed in a ceremony organized by Lufthansa with Air Canada and United, a major American airline, to award major travel agents.
Harald Hahn, Lufthansa’s director for Saudi Arabia, Bahrain and Yemen, said: �Lufthansa is operating its largest ever schedule from the Kingdom providing first choice travel flexibility to customers flying to Frankfurt or Munich and beyond.”
He added: “We are carefully watching the development in every region of Saudi Arabia with regards to the air traffic and as soon as we see the need to expand our network to Saudi Arabia, we will certainly do it again.�
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