Korean Air to Purchase 103 Boeing Jets for Fleet Modernization

Korean Air has committed to a record purchase of 103 Boeing jets to modernize its fleet. The deal, which includes Boeing's fuel-efficient airplanes, will support the carrier's growth as it integrates operations with Asiana Airlines. The purchase is a significant milestone for Boeing and will help Korean Air improve its efficiency and performance.

Korean Air has committed to a record purchase of 103 Boeing jets to modernize its fleet, marking a significant milestone for both the airline and the aerospace industry. The deal, valued at approximately USD 50 billion, includes 20 Boeing 777-9s, 25 Boeing 787-10s, 50 Boeing 737-10s, and eight Boeing 777-8F freighters [1]. This strategic acquisition aims to enhance fuel efficiency, support job creation, and bolster Korean Air's integration with Asiana Airlines.

The aircraft, scheduled for phased delivery through the end of 2030, will bring Korean Air's fleet to a total of 175 aircraft, expanding its order book significantly. The Boeing 777-9, capable of carrying 426 passengers and boasting a range of 13,510 km (7,295 nautical miles), and the 787-10, offering a capacity of 336 passengers and a range of 11,730 km (6,330 nautical miles), are designed to deliver exceptional performance and sustainability [1].

In addition to the aircraft, Korean Air will acquire 19 spare engines from GE Aerospace and CFM International, along with a 20-year engine maintenance service contract worth USD 13 billion. This investment in operational stability and safety is a proactive measure to support Korean Air's long-term growth [1].

The deal underscores a strengthened partnership between Korean Air and Boeing, fostering growth and sustainability. Korean Air's Aerospace Division plays a vital role in Boeing’s supply chain, producing components for various Boeing families [1]. The Korea-U.S. Business Roundtable highlighted the significance of the deal, reflecting a shared commitment to innovation and economic collaboration between the two nations [1].

This strategic investment in the US market will further strengthen Korean Air’s operational capabilities and global competitiveness, and foster robust commercial ties that will drive sustained growth.

References:
[1] https://www.sunstar.com.ph/manila/korean-air-to-purchase-103-boeing-aircraft-plus-ge-engines
[2] https://www.ainvest.com/news/korean-air-unveils-record-103-boeing-aircraft-purchase-fleet-modernization-job-creation-2508/