Overview
- The agreements were formalized at a signing ceremony in Seoul on Sept. 15 and complete a procurement first announced in Washington in August 2025.
- The package lists $36.2 billion for 103 Boeing jets — 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8 Freighters — plus about $8.6 billion for 21 spare engines and a 15-year engine maintenance deal.
- Korean Air said the order will secure a predictable long-term fleet introduction schedule to support capacity growth after its planned December merger with Asiana Airlines.
- Market estimates put the discounted value far below list prices, and delivery timing is uncertain because the 777-8 Freighter is still under development and not yet certified.
- The signing drew senior U.S. and South Korean officials and the Export-Import Bank of Korea, underscoring the deal’s industrial and diplomatic links and signalling follow-on steps for financing and delivery planning.