Lufthansa Revamps Fleet with $9 Billion Investment in Boeing, Airbus Planes

Lufthansa Revamps Fleet with $9 Billion Investment in Boeing, Airbus Planes

By Author

Published on December 23, 2023

German flagship carrier Lufthansa has made a significant move in aviation by placing a $9 billion order for 80 planes from Boeing and Airbus. This order, set to be delivered between 2026 and 2032, includes 40 Boeing 737 MAX 8 planes and 40 Airbus A220-300s, along with options for additional future purchases.

The deal marks a historic moment for Lufthansa, as it's their first acquisition of Boeing narrow-body planes in three decades and the first purchase of the 737 MAX model. This decision reflects a strategic move by the airline to diversify its fleet and enhance its service offerings. Lufthansa's relationship with Boeing dates back to the late 1960s when they were a launch customer for an older version of the 737. However, after phasing out the 737 in 2016, the airline has maintained an all-Airbus single-aisle fleet until now.

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The order also includes future purchasing options: 60 for the MAX 8, 20 for the A220, and 40 options for Airbus A320s. Lufthansa has a history of purchasing Boeing wide-body aircraft, with 787 Dreamliners, 777 freighters, and the upcoming 777X mini-jumbo already in its backlog.

This move by Lufthansa is also a significant boost for the Airbus A220, formerly known as the Bombardier CSeries. Lufthansa was the original launch customer for this aircraft in 2008, before Airbus acquired the program in 2018.

Carsten Spohr, Lufthansa CEO, stated that ordering Boeing 737 aircraft again is a strategic decision, especially considering the MAX 8’s alignment with the company’s carbon reduction goals. He also highlighted Lufthansa's ongoing relationship with Airbus, noting the delivery of their 600th Airbus aircraft and anticipation of the 700th.

The announcement positively impacted the stock market, with Boeing shares up 1.6% and Airbus up 0.6%. Lufthansa plans to finance this purchase through net investments of €2.5-3 billion in 2023 and a similar amount in 2024, without significantly impacting capital expenditure during these years.


Mercure Debuts in Nepal with the Opening of Mercure Kathmandu Sukedhara Heights

Mercure Debuts in Nepal with the Opening of Mercure Kathmandu Sukedhara Heights

By Manu Vardhan Kannan

Published on January 20, 2025

Mercure has announced the opening of Mercure Kathmandu Sukedhara Heights, its first hotel in Nepal. Nestled in the heart of Kathmandu, this landmark property is a testament to the brand's commitment to unveiling the local treasures of each destination while offering warm, inviting stays for travelers.

Experience Modern Comfort with Nepali Charm

Mercure Kathmandu Sukedhara Heights features thoughtfully designed accommodations that celebrate the essence of Kathmandu. With a variety of room configurations, each space is infused with modern amenities, abundant natural light, and breathtaking views of the city, surrounding mountains, or the majestic Himalayas. The interiors artfully blend contemporary design with traditional Nepali accents, creating an inviting ambiance reflective of the region’s rich heritage.

Culinary Delights to Savor

At the heart of the hotel's offerings are its exceptional dining experiences:

  • DYNE: An all-day dining restaurant featuring a menu of international classics and authentic local dishes.

  • Sopra Italian: Serving authentic Italian cuisine with a modern twist.

  • Zaiqa: Showcasing the bold and vibrant flavors of traditional Indian cuisine.

  • Sukra Bar: A rooftop lounge offering a relaxed setting and panoramic vistas, perfect for unwinding with a drink.

Unwind and Rejuvenate

Guests can enjoy the rooftop infinity pool, offering sweeping views of the Kathmandu Valley, or recharge at the state-of-the-art fitness center equipped with steam and sauna facilities. These amenities are designed to provide relaxation and rejuvenation during every stay.

Events and Celebrations

With exceptional venues tailored for weddings, corporate meetings, and social gatherings, Mercure Kathmandu Sukedhara Heights promises seamless and memorable events. A dedicated team ensures every occasion is executed to perfection.

Leadership Remarks

Garth Simmons, Chief Operating Officer, Premium, Midscale & Economy Division, Asia at Accor, expressed his excitement:
"The opening of Mercure Kathmandu Sukedhara Heights is a key milestone in Accor’s expansion journey across Asia. This hotel reflects our commitment to bringing distinctive and immersive experiences to travelers while celebrating the rich culture and heritage of the destinations we serve."

Desh Bandhu Basnet (Ajit), Chairman of The Metropolitan Hotel Private Limited, highlighted the partnership:
"Mercure Kathmandu Sukedhara Heights embodies our shared vision of exceptional hospitality, embracing Nepal’s vibrant culture and traditions. We are proud to bring this esteemed brand to Nepal."

A Commitment to Local Heritage

Mercure Kathmandu Sukedhara Heights perfectly blends international standards with Nepal’s vibrant traditions, offering guests a unique experience that celebrates the region's culture and natural beauty.

For more information or reservations, visit Mercure Hotels.


Hong Kong's Financial Forum Guests Experience the City's Vibrant Culture and Hospitality

Hong Kong's Financial Forum Guests Experience the City's Vibrant Culture and Hospitality

By Nishang Narayan

Published on January 20, 2025

The Asia Financial Forum (AFF) 2025, Hong Kong's flagship financial event, served as the perfect platform for showcasing the city's dynamic MICE (Meetings, Incentives, Conventions, and Exhibitions) tourism offerings. Organized by the Hong Kong Tourism Board (HKTB), the event seamlessly blended business with leisure, demonstrating Hong Kong's renowned "spirit of hospitality" to approximately 100 global financial leaders.

Phoebe Shing, Director of Business Development Team Lead, MICE at HKTB, highlighted the event's significance, stating, "The Tourism Blueprint 2.0 reaffirms that hospitality is about creating rich, enjoyable experiences for visitors. AFF is an excellent opportunity to showcase Hong Kong-style hospitality to influential guests in the global financial field."

Unforgettable Experiences Beyond the Boardroom

Participants were treated to a curated selection of iconic Hong Kong experiences, blending the city's modern vibrancy with its cultural heritage.

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Peak Tram and Sky Terrace 428

Guests were whisked from the bustling conference venue to serene panoramic views atop Sky Terrace 428 via the historic Peak Tram. The journey included a visit to Lion's Point View Pavilion, where they admired stunning cityscapes. Nostalgic Hong Kong snacks and trinkets at a local store added a delightful touch.

Dr. Jochen Biedermann, Managing Director of World Alliance of International Financial Centres, remarked, "AFF stimulates the mind, but the Peak Tram tour was a feast for the eyes. It's great to see how the station has been modernized, making the Peak a must-visit for both tourists and business travelers."

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Victoria Harbour Cruise on Aqua Luna

A sunset cruise aboard the iconic Aqua Luna junk boat offered a breathtaking view of Hong Kong's skyline, leaving participants in awe of the city's beauty.

Marc Baghadjian, CEO & Co-founder of Hypercard American Express, shared, "In the negotiation room, you miss the city’s beauty. The Aqua Luna tour lets you experience the vibrancy and stunning skyline of Hong Kong—it’s like seeing the Hong Kong dream unfold."

Cultural Heritage in Old Town Central

Guests explored Hong Kong’s rich history with a visit to Man Mo Temple, participating in a Gold Foil Paste Ceremony to pray for good fortune. The journey continued with a guided tour of Tai Kwun, a revitalized heritage site that blends history with modern hospitality.

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Felix Katterl, Partner at Soutien Group, expressed, "It’s my first visit, and the diversity here is incredible. From heritage to modern offerings, Hong Kong has a unique charm. Tai Kwun’s transformation is stunning—I can’t wait to return with my family."

Strengthening Hong Kong’s Position as the "World’s Meeting Place"

With its blend of modern business infrastructure and cultural richness, Hong Kong continues to solidify its status as a premier destination for MICE tourism. The experiences curated during AFF 2025 reflect the city's commitment to elevating hospitality and leaving a lasting impression on high-yield visitors.

For global leaders attending events like AFF, Hong Kong is not just a business destination—it’s an unforgettable experience.


Chaitanya Library Revival: A Step Towards Preserving Kolkata’s Intellectual Legacy

Chaitanya Library Revival: A Step Towards Preserving Kolkata’s Intellectual Legacy

By Manu Vardhan Kannan

Published on January 20, 2025

The Calcutta Heritage Collective embarked on an extraordinary journey to preserve Kolkata’s intellectual and cultural heritage with the launch of the Chaitanya Library restoration initiative. The grand event, held on 12th January 2025 at the Hyatt Regency Kolkata, was a perfect blend of art, music, and community spirit, reflecting the rich history and vibrant culture of the city.

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The Chaitanya Library Restoration Initiative

The cornerstone of this ambitious project is the revival of the 135-year-old Chaitanya Library, established in 1889 by luminaries such as Gaur Hari Sen, Kunj Behari Datta, and Rabindranath Tagore. Home to over 150,000 rare books and journals, the library is a treasure trove of knowledge on Indian history, philosophy, and culture. Decades of neglect have left this historic sanctuary in urgent need of restoration and digitization.

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The initiative, supported by leading heritage conservation architect Ayan Sen, focuses on restoring the library’s infrastructure, preserving its invaluable resources, and digitizing rare publications to ensure global access and future self-sustainability.

A Night of Cultural Celebration

The launch event was a sensory delight. Renowned percussion maestro Bickram Ghosh headlined the evening with a live concert celebrating 25 years of fusion music and previewing his latest album, Rhythmscape 2.0. Accompanied by a stellar ensemble, including Pt. S. Sekhar on mridangam and Abhishek Mallick on electric sitar, Ghosh’s performance left the audience spellbound.

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Adding to the artistic fervor, celebrated artist Shuvaprasanna created a live painting synchronized with the tabla beats, embodying the spirit of ‘Chaitanya’ - awakening and knowledge. The unveiling of the Chaitanya Heritage Baithakkhana, a beautifully curated space, brought the library’s legacy to life, offering a glimpse into the vision of the initiative.

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Voices of Inspiration

Shuvaprasanna expressed his admiration, saying, “This priceless heritage, housing over 1 lakh books and 25,000 journals, deserved to be preserved for generations to come. The Calcutta Heritage Collective's initiative is truly commendable.”

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Bickram Ghosh added, “Preserving Kolkata’s rich heritage is a cause close to my heart. It was an honor to perform and support this noble initiative.”

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Founder Trustee Mukul Agarwal remarked, “The Chaitanya Library stands as a symbol of Kolkata’s intellectual and cultural legacy. Restoring its past glory is a monumental task, but we are committed to making it a hub of learning and inspiration for generations to come.”

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A Call to Action

The Chaitanya Library restoration initiative is more than a preservation effort; it is a movement to safeguard Kolkata’s cultural soul. The trustees - Gaurav Gupta, Munish Jhajharia, Dr. Rupali Basu, and Sangeeta Dudhoria - invite individuals, organizations, and institutions to join hands in this transformative endeavor.

About Calcutta Heritage Collective
Calcutta Heritage Collective is a voluntary initiative dedicated to the restoration, revival, and reuse of Kolkata’s built heritage. Through events, heritage walks, and educational programs, the organization works to inspire action and create awareness about preserving the city’s historical treasures.

For more details, visit www.calcuttaheritagecollective.com.

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