Frankfurt - The Supervisory Board of Lufthansa Group has approved the order of a total of up to 16 aircraft.

On May 7, the supervisory board of the German group approved the acquisition of sixteen additional aircraft for an overall cost estimated at $ 2.1 billion at list prices. Deliveries will last until 2022 and will have no impact on the Group's investment plan for the 2018 fiscal year.

The orders include two 777-300ER for the Zurich-based Swiss national airline SWISS, which already operates ten of the same type. They must join the SWISS fleet in early 2020 and will be used to expand the current network of the carrier.

Two additional 777F will join Lufthansa Cargo fleet that already has five. They will replace MD-11Fs (12 in use), allowing both a decrease in fuel consumption, noise and unit costs according to the group's press release.

The Supervisory Board also approved the order for twelve Airbus A320 aircraft, including the conversion of six A320neo options into firm orders that are deliverable in 2022. They will then replace older single-aisle aircraft within the group.

Currently, Lufthansa is the only carrier who operates the A320neo, with 10 out of 61 expected. Six A320ceo ordered will also be available this year for delivery to the German operator to compensate the delays in deliveries of A320neo that are affected by the problems of P & W engines.