Korean Air Signs Order for 20 Boeing 787s
July 21, 2019
Korean Air has firmed up a deal with Boeing to buy 20 787s in an agreement valued at USD$6.3 billion at current list prices.
The Korean order, for 10 787-9s and 10 787-10s, will add to the airline's existing Dreamliner fleet of 787-9s.
The Seoul-based airline has also signed an agreement to lease a further 10 787-10s from Air Lease.
The firmed-up order, initially announced as a memorandum of understanding at the Paris Air Show, plus the lease, will take the carrier's 787 fleet size from its current 10 to 40.
KAL chairman Walter Cho said the 787 will become the backbone of the airline's mid-and long-haul fleet for many years to come.
Korean intends to use the 787-10s on medium-haul routes and the 787-9s on long-haul flights.
Korean Air operates a mixed fleet of Boeing and Airbus aircraft to 126 destinations in 44 countries.