Korean Air Places Order for Up to 50 Boeing Aircraft
By Don Nico Forbes
Korean Air said Monday it placed an order for up to 50 Boeing widebody airplanes for an undisclosed amount.
At the Farnborough International Air Show, the companies said the South Korean flag carrier will purchase 20 of Boeing's 777-9s and 20 Boeing 787-10s, with options for 10 more of the largest 787 Dreamliner variant.
"The addition of the Boeing 777-9 and 787-10 aircraft marks a significant milestone in our strategic objective to expand and upgrade our fleet," Korean Air Chief Executive Walter Cho said.
The deal comes as Boeing is experiencing a slowdown in plane deliveries, in part due to supply-chain issues and regulatory scrutiny. The company delivered 175 planes through June of this year, compared with 266 through the first half of 2023.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
July 22, 2024 08:31 ET (12:31 GMT)
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