German airline and logistics company Deutsche Lufthansa AG late Wednesday said its supervisory board had approved the order of 35 new aircraft from Airbus and Boeing Co. with a listing value of just under $4 billion.

Of the orders, 30 aircraft from Airbus’s A320neo family were ordered for Lufthansa’s passenger business. The other five orders are for Boeing 777 freighters for the company’s business segment.

The orders will be funded from Lufthansa’s own assets or from external financial resources, Lufthansa said.