Korean Air Finalizes $32.7B Aircraft Deals with Boeing, GE Aerospace

Korean Air has finalized a significant deal valued at approximately $32.7 billion to acquire up to 50 Boeing aircraft, including 20 Boeing 777-9 and 20 Boeing 787-10 models, as well as spare engines from GE Aerospace. This agreement, which was signed during a ceremony in Washington attended by key officials from both companies and U.S. Secretary of Commerce Howard Lutnick, aims to bolster U.S. manufacturing amid ongoing trade discussions. The deal includes an option for an additional 10 aircraft and is expected to enhance collaboration between the U.S. and South Korea in the aviation sector. Korean Air anticipates the first deliveries to begin in 2028. The agreement follows a memorandum of understanding reached at the Farnborough Airshow, signifying a strategic partnership with U.S. aviation firms. This contract comes at a time when Boeing is recovering from production challenges and quality control issues.