Korean Air's Historic Boeing and GE Deal Revolutionizes Fleet

Korean Air has placed a historic $50 billion order for 103 Boeing airplanes and GE engines. This deal aligns with South Korean President Lee Jae Myung's visit to Washington and marks the largest order in the airline's history. The new fleet will enhance Korean Air's operational capabilities.

Korean Air created waves with its monumental $50 billion deal announced Monday. The order for 103 Boeing airplanes and GE engines was strategically timed with the visit of South Korea's President Lee Jae Myung to Washington. This groundbreaking deal, the largest-ever for the Korean carrier, encompasses 787s, 777s, and 737s.

Initially reported by Reuters, Korean Air's massive Boeing acquisition, valued at approximately $36.5 billion, also includes a lucrative $13.7 billion agreement for GE engine purchases and servicing. Boeing has seen a surge in similar large-scale orders internationally, as nations negotiate trade deals with the Trump administration.

The deal signals Korean Air's ambitious expansion plans across American continents, facilitated by its growing fleet. Boeing's promise to bolster operations following Korean Air's acquisition of Asiana Airlines further signifies a transformative phase for the airline industry, highlighting the enduring, strategic partnership between South Korea and key U.S. aerospace players.

(With inputs from agencies.)