Korean Air finalizes $44.8 billion deal for 103 Boeing aircraft and engines
Quick Look
- Korean Air has finalized agreements worth approximately 60 trillion won (US$44.8 billion) to purchase 103 Boeing aircraft and related engine deals with GE Aerospace and CFM International, including 20 777-9s, 25 787-10s, 50 737-10s, and eight 777-8F freighters, along with $8.6 billion for 21 spare engines and 15-year maintenance services covering 28 aircraft.
- The deal supports fleet stability and capacity growth ahead of Korean Air's planned integration with Asiana Airlines in December.
AI-generated summary
Why It Matters
The procurement plan was initially announced in Washington, D.C., in August 2025, and has now been finalized with signed agreements in Seoul. The aircraft purchase supports Korean Air's fleet renewal and capacity growth plans ahead of its planned integration with Asiana Airlines in December.
By Kim Eun-jung
SEOUL, Sept. 16 (Yonhap) -- Korean Air Co. said Wednesday it has finalized agreements worth about 60 trillion won (US$44.8 billion) to purchase 103 Boeing aircraft and engines from GE Aerospace and CFM International.
A signing ceremony was held in Seoul on Tuesday, attended by company executives and government officials from South Korea and the United States, completing a procurement plan announced in Washington, D.C., in August 2025.
The agreements include $36.2 billion for 103 Boeing aircraft -- 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8F freighters.
Korean Air also finalized agreements worth about $8.6 billion with GE Aerospace and CFM International for 21 spare engines and 15-year engine maintenance services covering 28 aircraft.
"Bringing our Washington agreements to the finish line today is a proud moment for Korean Air," said Walter Cho, CEO of Korean Air and chairman of Hanjin Group. "This is much more than a business deal. It is a testament to the trust and the unbreakable alliance between our two countries."
Korean Air said the investment will secure a stable, long-term fleet introduction schedule and support capacity growth following its planned integration with Asiana Airlines in December.
What to Watch
AI outlook โ possibilities, not facts
Korean Air will begin receiving deliveries of the new Boeing aircraft starting in 2026 to support fleet renewal and capacity growth.
Likely ยท Within months
Open Questions
- What is the exact delivery timeline for the 103 aircraft?
- How will the fleet integration with Asiana Airlines affect route networks and operations?
- What are the specific terms of the 15-year engine maintenance contracts?
