GE Secures $32.7 Billion Deal with Korean Air, Boosts Stock Market Ranking to 70th

On March 26, 2025, GE's trading volume reached 10.01 billion, ranking 70th in the day's stock market. GE's stock price fell by 2.24%.

Korean Air has selected GE Aerospace engines to power its new fleet of aircraft, marking a significant order for GE. This deal includes GEnx and GE9X engines for up to 50 aircraft that Korean Air has agreed to purchase from Boeing. The agreement is part of a broader $32.7 billion deal that includes the purchase of 50 wide-body aircraft from Boeing, each powered by GE Aerospace engines. This order positions Korean Air as the first GE9X customer in South Korea, highlighting GE's advanced technology and its role in powering the airline's commitment to modernizing its fleet and improving sustainability.

This substantial order from Korean Air is expected to have a positive impact on GE's financial performance, as it secures a significant revenue stream from both engine sales and maintenance services. The deal not only strengthens the relationship between Korean Air, Boeing, and GE but also underscores the growing demand for advanced aerospace technology in the global market. This order is a testament to GE's leadership in the aerospace industry and its ability to deliver innovative solutions that meet the evolving needs of its customers.