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Frankfurt, Germany - Lufthansa Group is planning to shrink its fleet size by up to 100 aircraft from the current 760 as a response to the ongoing global crisis.

Chief Executive Carsten Spohr announced it during a virtual meeting with shareholders on May 5. He did not reveal any further details about the planned cuts, but all group subsidiaries will be affected.

"All of the airlines in the Lufthansa Group will be downsized. Older, less environmentally friendly aircraft will be phased out of the fleet earlier than originally planned,"

Spohr said.

He said that Lufthansa will temporarily decommission all A340-600s (17 copies). 10 Airbus A320-200s will be retired by Eurowings, while "the ongoing restructuring programs at Austrian Airlines and will be intensified. Both airlines will also reduce the size of their fleet within this context.

Earlier last month, The Group flag carrier Lufthansa announced the retirement of six Airbus A380-800s, seven Airbus A340-600s, five Boeing 747-400s, and 11 Airbus A320-200s, although the total number was far below the new target of 100 aircraft.

Spohr also announced a further restructuring of the group's Air Operators' Certificates (AOCs), on top of the previously confirmed closure of Germanwings within the next two years.

"In the future, we will be flying with a maximum of 10 airlines. We will continue to bundle and expand our tourism segment when the restart comes. We were already doing so before the crisis and there will be a greater increase in demand here than for business travel after the crisis. Within the framework of this process, we will be merging the four airlines that have been operating our Eurowings long-haul routes into a single new tourist airline,"

Spohr said.
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