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 the final agreements for the purchase of 103 next-generation Boeing aircraft and related services from U.S. companies, totaling $44.8 billion, according to a statement released on Wednesday. This completes a significant procurement plan announced by the airline last year. The deals cover $36.2 billion worth of Boeing aircraft and $8.6 billion in spare engine parts and maintenance services from GE Aerospace and CFM International.
The finalization of these contracts marks the completion of a major U.S. procurement plan announced 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 on Tuesday at the Conrad Seoul hotel in Yeouido, co-hosted by Korean Air and Boeing. Notable attendees included Cho, Boeing Commercial Airplanes President and CEO Stephanie Pope, CFM International President and CEO Gaël Méheust, and government and financial officials from both Korea and the United States, 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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