Boeing

Lufthansa German Airlines has ordered five Boeing 747-400s, valued at $825 million, Boeing Commercial Airplane Group confirmed today. The airline's board of directors earlier this month gave Lufthansa approval to purchase the aircraft.

"Today's announcement underscores the long-standing relationship Boeing has with Lufthansa as well as this valued customer's long-term commitment to the 747-400 fleet," said Tom Basacchi, vice president -- Europe/Russia, Boeing Commercial Airplane Group. "The Boeing 747 is the foundation on which Lufthansa has built its world-class global service. These new airplanes will allow the airline to fly convenient, non-stop service to distant destinations."

In October, the airline also exercised options for two 747-400s. To date, Lufthansa has ordered 60 747s.

The Boeing 747-400 incorporates advanced technology into one of the world's most modern and fuel-efficient airliners. As the world's largest commercial jetliner, the 747-400 is capable of ranges up to 8,400 statute miles (13,418 km).

The 747-400 continues to lead the industry in long-haul travel. More than, 1,100 747s of all models have been delivered to customers around the world.