Korean Air Closes $44.8B Aircraft and Engine Investment Plan
Korean Air has finalized its massive fleet and engine investment plan, valued at $44.8 billion, which includes orders for 103 Boeing aircraft, 21 spare engines from GE Aerospace and CFM International, and a 15-year engine maintenance agreement.
The contracts, announced in Washington D.C. in August 2025, comprise $36.2 billion in aircraft orders and approximately $8.6 billion in agreements with the two engine suppliers.
The aircraft order includes 20 Boeing 777-9s, 25 787-10s, 50 737-10s, and eight 777-8F freighters, which are expected to improve fuel efficiency and support Korean Air's carbon reduction goals.
Korean Air Chairman and CEO Walter Cho said the investment will provide a predictable long-term fleet introduction schedule, supporting capacity growth following the airline's integration with Asiana Airlines.