Overview

• Korean Air will buy 103 Boeing aircraft comprising 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8 freighters.
• $36.2 billion covers the aircraft, with $690 million for 19 spare engines from GE Aerospace and CFM and about $13 billion for a 20-year GE engine maintenance contract.
• The purchase advances fleet modernization for the post-Asiana combined carrier with a focus on fuel efficiency and network growth.
• Deliveries are phased through the end of 2030, with several models still awaiting certification and subject to industry production schedules.
• The agreement is described as the airline’s largest order and Boeing’s largest widebody sale from an Asian carrier, lifting Korean Air’s Boeing orderbook to roughly 175 jets after the signing that Boeing says supports about 135,000 U.S. jobs.