Korean Air Finalizes $4b Boeing 737 MAX and 777-300ER Order

Korean Air and Boeing have finalized a deal for thirty 737 MAXs and two 777-300 Extended Range jetliners, worth an estimated $4 billion.

This puts Korean Air’s current order at a total of fifty-two Boeing airplanes, which puts their grand total at sixty-two airplanes on backorder. The country’s largest airline announced this summer that it had exercised its option for additional 737 MAXs as part of the order, making them the latest MAX customer.

"Korean Air is a valued Boeing customer and today's order is the culmination of our longstanding partnership that spans over four decades,"

Boeing Commercial Airplanes President and CEO Ray Conner said.

"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."

They are considered one of Boeing’s best customers for good reason. As of today, Korean Air uses 119 Boeing airplanes. Their fleet includes ninety-one passenger planes consisting of 737s, 77s, and 777s. They also use an exclusively Boeing cargo fleet of twenty-eight planes – 747-400, 747-8, and 777 freighters.

The relationship has proven to be mutually beneficial, as Korean Air is also a big supplier of the 747-8 and 787 programs. They provide Boeing with the trademark raked wing-tips for both models. In addition to this, they produce the new boeing 737 MAX Advanced Technology (AT) Winglet.

Korean Air’s total fleet size currently stands at 166 aircraft, which puts it in the top twenty of the world’s biggest airlines. On average, it operates around 430 flights per day with destinations to 128 cities in forty-five different countries.

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