Korean Air Finalizes Record $36.2 Billion Boeing Aircraft Order
Korean Air has finalized an order for 103 Boeing aircraft worth $36.2 billion at list prices, marking the largest deal in the airline's history.
The order includes a mix of wide-body passenger jets, freighters, and single-aisle planes, with 20 777-9s, 25 787-10s, 50 737-10s, and eight 777-8 Freighters. However, only the 787 is currently certified for commercial service, while Boeing continues to develop the 777-8 Freighter.
The deal also includes an $8.6 billion purchase of spare engines from GE Aerospace and CFM International, as well as a 15-year engine maintenance agreement covering 28 aircraft. Korean Air's CEO, Cho Won-tae, described the completion of the agreements as a significant milestone, emphasizing the investment's support for long-term fleet expansion following the integration of Asiana Airlines.