"Korean Air is betting big on Boeing with a $36 billion purchase order. On Tuesday, the South Korean flag carrier announced that it would purchase 103 Boeing aircraft, which will be delivered by the end of 2030. The order includes 20 Boeing 777-9s, 25 Boeing 787-10s, 50 Boeing 737-10s, and eight Boeing 777-8F freighters, per Korean Air's press release. The order was made official in a signing ceremony on Monday in Washington, D.C."
"Korean Air CEO Walter Cho and Boeing Commercial Airplanes CEO Stephanie Pope attended the signing ceremony in Washington, D.C. Other notable guests included the US Commerce Secretary, Howard Lutnick. Cho, who is also the CEO of Korean Air's parent company, Hanjin Group, told Reuters on Monday that the massive order would help Korean Air expand to more destinations in the US, Latin America, and South America."
"Besides the $36.2 billion deal with Boeing, Korean Air signed a $690 million deal with engine manufacturers GE Aerospace and CFM International, for 19 spare engines. It also bought a $13 billion, 20-year-long engine maintenance service contract from GE Aerospace. The order comes as Boeing ramps up its efforts to turn the business around after several quarters of weak performance. In July, it reported sales of $22.7 billion in the second quarter of 2025, a 35% increase from the same period in 2024."
Korean Air placed an order for 103 Boeing aircraft valued at $36.2 billion, with deliveries scheduled through 2030. The purchase comprises 20 777-9s, 25 787-10s, 50 737-10s, and eight 777-8F freighters. Boeing estimated the order would support about 135,000 jobs across the United States. CEO Walter Cho said the acquisition will enable expansion to more destinations in the US, Latin America, and South America. Korean Air also signed a $690 million deal for 19 spare engines and a $13 billion, 20-year engine maintenance contract with GE Aerospace.
Read at Business Insider
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