Lufthansa Lands $400 Million Windfall 747 Sale to US Air Force
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A Boeing 747 jet operated by Lufthansa, at Frankfurt Airport in 2023.Deutsche Lufthansa AG is getting a $400 million holiday bonus from an aircraft that’s long been out of favor — the venerable 747, two of which it is selling to the US Air Force to support a new presidential jet. The $400 million price tag is well above market value for the hump-backed aircraft, according to the Cirium Ascend Consultancy, which says the each plane would most likely sell for $75 million to $100 million. In 2022, when production of the jet halted, Boeing sold each 747-8 for a list price of about $400 million.