Photo: KOREAN AIR Massive Investment from Korean Air. According to a company announcement, an agreement was signed yesterday (August 25th) in Washington, D.C. between the company's executives and the CEO of Boeing, along with leaders from GE Aerospace (engine suppliers).
The total investment is estimated at approximately $50 billion, including $36.2 billion for Boeing aircraft, $690 million for 19 engines, and an additional $13 billion for a 20-year engine maintenance service contract.
The order includes 20 Boeing 777-9 aircraft, 25 Boeing 787-10 aircraft, 50 Boeing 737-10 aircraft, and eight Boeing 777-8F freighter aircraft. Deliveries are scheduled in phases, with completion by the end of 2030.
The purchase aligns with the company's activities following the merger with Asiana Airlines. The airline's investment plan extends into the mid to late 2030s and includes the possibility of delivery delays that may affect the global aviation industry.
Photo: KOREAN AIROverall, Korean Air will operate aircraft from five families: Boeing 777, 787, and 737, alongside Airbus A350 and A321neo.
In addition to the new aircraft, Korean Air will purchase 11 spare engines from GE Aerospace and, as mentioned, will also receive 20 years of engine maintenance service.
According to the company statement, "As Korea's leading airline, Korean Air will continue to serve as a vital bridge between the United States and Korea. This strategic investment in the American market will further strengthen the airline's operational capabilities and global competitiveness, fostering strong commercial ties that will drive sustainable growth."