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Fri, Nov 06, 2015

Boeing, Korean Air Finalize Order For 30 737 MAXs, Two 777-300ERs

Deal Can Reach Up To 52 Airplanes If Options Are Exercised

Boeing and Korean Air have finalized the airline's order of 30 737 MAXs and two additional 777-300ER (Extended Range) jetliners valued at nearly $4 billion at current list prices. The airline also has options for additional 737 MAXs as part of the order, which was previously announced as a commitment during the Paris Air Show in June.

With this order for up to 52 Boeing airplanes, Korean Air becomes Boeing's newest 737 MAX customer and now has 62 firm Boeing airplane orders on backlog.

"Korean Air is a valued Boeing customer and today's order is the culmination of  our longstanding partnership that spans over four decades," said Boeing Commercial Airplanes President and CEO Ray Conner. "Korean Air has been a pioneer in Asia's commercial aviation industry and today, we are truly honored to welcome Korean into the new 737 MAX family. I am confident these new airplanes will play an important role in Korean Air's fleet modernization program for many years to come."

As part of this order for 737 MAX airplanes, Korean Air also adds another two 777-300ERs as it continues to modernize its long-haul widebody fleet.

Korean Air currently operates a fleet of 91 Boeing passenger airplanes that consist of 737, 747 and 777 models. The airline also operates an all-Boeing cargo fleet of 28 747-400, 747-8 and 777 Freighters.

Korean Air's Aerospace Division is a key Boeing partner on both the 747-8 and 787 programs, supplying the distinctive raked wing-tips for each model. They are also one of two suppliers producing the new 737 MAX Advanced Technology (AT) Winglet.

(Image provided with Boeing news release)

FMI: www.boeing.com

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