Korean Air's Historic $50 Billion Boeing Deal: Strengthening Ties with US Aviation
Korean Air has signed a USD 50 billion agreement with Boeing to purchase 103 aircraft, spare engines, and a 20-year engine maintenance contract. This initiative reinforces Korean Air's partnership with the US aviation industry and aims to enhance its global competitiveness and operational capabilities.
- Country:
- South Korea
Korean Air has cemented a USD 50 billion agreement to acquire over 100 Boeing aircraft, alongside several spare engines and a two-decade engine maintenance deal.
The significant arrangement was concluded during a ceremony in Washington, coinciding with a meeting between South Korean President Lee Jae Myung and US President Donald Trump.
The contract encompasses USD 36.2 billion for 103 next-gen Boeing planes, USD 690 million for spare engines from GE Aerospace and CFM International, and a USD 13 billion, 20-year maintenance service with GE Aerospace, Korean Air confirmed.
(With inputs from agencies.)
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