Korean Air is to purchase 103 Boeing aircraft in a deal worth approximately $36.2 billion, the carrier announced on Monday.
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The wider agreement also includes spare engines and a maintenance programme worth an additional $13.8 billion with GE Aerospace and CFM International.
The aircraft purchase includes 20 Boeing 777-9s, 25 787-10s, 50 737-10s and eight 777-8F freighters. Korean Air is scheduled to receive the new aircraft through a phased delivery running through the end of 2030.
Walter Cho, chairman and CEO of Korean Air, called the order a ¡°pivotal moment¡± for the carrier, which completed its acquisition of rival Asiana Airlines in late 2024.
¡°Acquiring these next-generation aircraft is the core of our fleet modernisation strategy, delivering significant gains in fuel efficiency and enhancing the passenger experience across our global network,¡± said Cho.
¡°This investment is also a critical enabler for our future as a merged airline with Asiana, to ensure that our combined carrier is one of the most competitive airlines in the industry."
The airline added that its fleet strategy was to "standardise its long-term operations" around five aircraft families: Boeing 777, 787 and 737s, and Airbus A350 and A321neo aircraft.