Korean Air finalizes $44.8 bil. purchase plan announced last year
Korean Air has finalized contracts to purchase 103 next-generation Boeing aircraft and aircraft engines and maintenance services from U.S. companies in deals worth a combined $44.8 billion, completing a major U.S. procurement plan announced last year. The airline said Wednesday that it signed final agreements covering $36.2 billion worth of Boeing aircraft and $8.6 billion in spare engines and…
Korean Air has finalized a $44.8 billion purchase plan that was announced last year, according to a statement released on Wednesday. The airline signed final agreements for 103 new Boeing aircraft and related services, amounting to $36.2 billion, along with $8.6 billion in spare engine parts and maintenance services from GE Aerospace and CFM International.
This brings to completion the $44.8 billion U.S. procurement plan that was initially unveiled by Hanjin Group Chairman Cho Won-tae during President Lee Jae Myung's visit to the United States in August 2025. The signing ceremony took place at the Conrad Seoul hotel in Yeouido on Tuesday, with senior executives from Korean Air, Boeing, and CFM International in attendance.
The event was also joined by Korean and U.S. government and financial officials, including Korean Minister of Trade, Industry and Resources Kim Jung-k.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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