Korean Air Finalizes $36.2 Billion Order for 103 Boeing Aircraft
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Korean Air finalized an order with The Boeing Company for 103 aircraft, valued at list prices at $36.2 billion. The order includes 20 777-9s, 25 787-10s, 50 737-10s, and eight 777-8 freighters. The aircraft are intended to support Korean Air’s fleet expansion following the integration of Asiana Airlines.
From insidermonkey.com
Why it matters
The contract strengthens Boeing’s long-term delivery pipeline and adds to its commercial-aircraft backlog, which was valued at over $596.7 billion as of June 30. The order provides long-term demand visibility for Boeing’s widebody, narrowbody, and freighter segments.
Boeing secured a record order from Korean Air, while the Pentagon increased the contract ceiling for the KC-46 Pegasus.
From insidermonkey.com
Who's involved
- Korean AirFlag-carrier airline of South Korea and buyer of the aircraft.
- BoeingGlobal aerospace corporation and seller of the aircraft.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GE AerospaceSpeculative
The order could provide long-term volume visibility for critical engine supply contracts.
- Howmet AerospaceSpeculative
The successful execution of the 103-aircraft order might secure long-term, high-volume contracts for specialized components.
- Spirit AeroSystemsSpeculative
The order may guarantee increased production volume and long-term contracts for integrated manufacturing operations.
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The entities involved
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Korean Air
flag-carrier airline of South Korea
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Boeing
American global aerospace and defense corporation