Boeing, Korean Air Finalize Order for 103 Aircraft
The package includes 21 spare engines and a 15-year maintenance agreement as Korean Air expands its fleet and modernizes aircraft.
- On Wednesday, Korean Air finalized a $44.8 billion deal for 103 Boeing aircraft and engine agreements, marking the airline's largest purchase in history.
- South Korean President Lee Jae-myung first unveiled the plan during a visit to Washington last year, with the agreement resulting from bilateral trade discussions between the United States and South Korea.
- The $44.8 billion package includes $36.2 billion for 103 aircraft comprising 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8 freighters, plus $8.6 billion for 21 spare engines and 15-year maintenance.
- Korean Air CEO Cho Won-tae stated the new jets will help the carrier expand into the United States and Latin America, with about 80 per cent of aircraft replacing existing models to support Asiana Airlines integration.
- Deliveries are planned through the late 2030s, while aviation advisory firm IBA estimated the deal is worth about $12.6 billion at current market prices after discounts, reflecting significant variance from list price.
13 Articles
13 Articles
Korean Air Finalizes $44.8 Billion Boeing, GE Deal
Korean Air finalized a $44.8 billion deal to purchase 103 Boeing aircraft—20 777-9s, 25 787-10s, 50 737-10s and 8 777-8Fs—plus about $8.6 billion in spare engines and 15-year maintenance with GE Aerospace and CFM International, completing the Washington-plan announced in August 2025. The agreements, backed by government support, are intended to modernize the fleet, support capacity growth, and strengthen U.S.-ROK industrial ties as the airline m…
(Seoul = Yonhap News) Reporter Jang Ha-na = Korean Air's investment plan worth a total of 60 trillion won in the U.S., announced last August in conjunction with the South Korea-U.S. summit, has been concluded with a final purchase agreement...
Korean Air puts next-gen Boeing aircraft and engines order on paper
Korean Air has finalised a US$44.8 billion agreement to acquire 103 Boeing aircraft and 21 spare engines from GE Aerospace and CFM International along with a 15-year engine maintenance contract. The signing ceremony between Korean Air and Boeing was held on September 15, with Korean Air and Hanjin Group’s chairman and CEO Walter Cho, Boeing […]
[Digital Daily Reporter Yoon Seo-yeon] Korean Air is investing approximately 60 trillion won to bring in 103 Boeing aircraft. The $44.8 billion purchase plan for the U.S., announced last year in Washington, D.C., has led to a final contract. Korean Air announced on the 16th that it has finalized a contract to introduce 103 next-generation Boeing aircraft for $36.2 billion. It also concluded a contract worth approximately $8.6 billion with Gener…
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