Lufthansa CEO, CFO Get Five Years Contract Extension

German airline Lufthansa’s supervisory board extended the appointment of Carsten Spohr as chief executive officer and Remco Steenbergen as chief financial officer for five more years, the company said on Thursday.

Spohr has been a member of the executive board since 2011 and chairman since 2014. His contract has been extended until the end of December 2028.

The contract of CFO Remco Steenbergen was also extended. He was also appointed until the end of December 2028.

Separately, the board said it was ordering ten Airbus A350-1000 passenger aircraft; five Airbus A350-900 passenger aircraft; and seven Boeing 787-9 ‘Dreamliner’ passenger aircraft, for a total of about $7.5 billion.

The Lufthansa Group is also in advanced negotiations to acquire further long-haul aircraft.