Korean Air has finalised its widebody order made at the Farnborough International Airshow last year. The agreement finalises the memorandum of understanding, with firm orders for 20 777-9 and 20 787-10 aircraft for delivery through 2033, with options for 10 additional aircraft.
Korean Air has also placed an order for the GEnx and GE9X engines on March 26, 2025, to power its recent order of 20 777-9s and up to 30 787-10s.
“Today's order represents the next chapter in our long-standing partnership with Korean Air and reaffirms our commitment to support their successful fleet upgrade and expansion,” said GE Aerospace president and CEO of commercial engines and services Russell Stokes.
The order includes a service agreement to cover maintenance, repair and overhaul (MRO) of the GE9X engines.
The agreement amounts to a total of $32.7bn — comprising of $24.9bn for aircraft and $7.8bn for engines and maintenance.
Chairman and CEO of Korean Air and Hanjin Group Walter Cho met with Boeing CEO and president Kelly Ortberg, as well as GE Aerospace president and CEO of commercial engines and services Russell Stokes to discuss ways in which they could enhance their cooperation.
The airline said it is expediting its fleet renewal programme to support its expansion following the Asiana Airlines integration. The airline is working to secure aircraft delivery positions to maintain its fleet plan against the current supply chain constraint environment.
"Boeing and GE Aerospace provide the advanced technology that powers our commitment to excellence," said Walter Cho, chairman and CEO of Korean Air and Hanjin Group. “Our partnership is essential to our vision of becoming the world's most loved airline.”
The airline had recently unveiled its new rebranding and announced a retrofit for 11 777-300ER aircraft, removing first class cabins to install premium economy cabins.