The deal, which represents Korean Air's largest procurement by value, includes 20 Boeing 777-9 and 20 Boeing 787-10 aircraft to be delivered by 2033, with an option for 10 additional aircraft. The agreement is valued at $24.9 billion.
In a parallel arrangement, Korean Air will acquire eight spare engines from GE Aerospace for $7.8 billion, with an option for two additional engines, along with maintenance services for the GE9X engines that power the Boeing 777-9 aircraft.
The trilateral cooperation agreement was signed in Washington D.C. on Friday, with South Korean Minister of Trade, Industry and Energy Ahn Duk-geun and U.S. Secretary of Commerce Howard Lutnik in attendance.
"This collaboration in aircraft and aircraft engines will provide Korean Air with the momentum to emerge as a global top-10 airline," said Minister Ahn, adding that the South Korean government would actively support cooperation between businesses in both countries.
The procurement comes as Korean Air prepares for its merger with Asiana Airlines, strategically expanding its fleet to enhance passenger comfort, operational efficiency, and environmental sustainability.
reporter
Kim Dong-young
davekim0807@ajupress.com
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