Korean Air orders 40 Boeing planes
The Peninsula
Farnborough, United Kingdom: Korean Air lodged a firm order Monday for 40 Boeing 787 and 777X wide body aircraft at Britain s Farnborough airshow, han...
Farnborough, United Kingdom: Korean Air lodged a firm order Monday for 40 Boeing 787 and 777X wide-body aircraft at Britain's Farnborough airshow, handing a boost to the embattled US aviation giant.
The deal, which includes an option for 10 more 787 planes, is worth $15 billion under catalogue prices for the fuel-efficient jets. However, airlines usually secure big discounts on lucrative contracts unveiled at the event.
"I have full confidence in Boeing," Korean Air chief executive Walter Cho told reporters at a signing ceremony unveiling the deal, in reference to the US group's recent safety woes.
"We are working on the new designs right now. We are always pursuing the best customer experience and comfort," he added.
The Seoul-based carrier expects the first delivery to be in 2028.