Korean Air Signs $50 Billion Deal to Buy 103 Boeing Aircraft
Korean Air has announced a massive $50 billion deal to purchase more than 100 Boeing aircraft, along with spare engines and a 20-year engine maintenance contract. The deal was finalized at a signing ceremony in Washington, attended by South Korean President Lee Jae Myung and US President Donald Trump.
Deal Breakdown:
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103 Boeing Aircraft: $36.2 billion
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19 Spare Engines: $690 million from GE Aerospace and CFM International
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20-Year Engine Maintenance Contract: $13 billion with GE Aerospace
“This strategic deal strengthens Korean Air’s partnership with the US aviation industry,” the airline said in a statement. “It will boost operational capabilities, global competitiveness, and commercial ties for sustained growth.”
Aircraft Details and Delivery:
The order includes:
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20 Boeing 777-9s
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25 Boeing 787-10s
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50 Boeing 737-10s
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8 Boeing 777-8F freighters
The aircraft will be delivered in phases through the end of 2030, enhancing Korean Air’s fleet and global operations.
Key Attendees at the Signing Ceremony:
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Walter Cho, Chairman & CEO, Korean Air
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Stephanie Pope, President & CEO, Boeing Commercial Airplanes
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Russell Stokes, President & CEO, Commercial Engines & Services, GE Aerospace
This landmark deal is expected to strengthen both Korean Air’s market position and US-South Korea commercial relations in the aviation sector.
