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Korean Air Inks Record $50 Billion US Aviation Deal
schwit1 shares a report from the Korea Herald: Korean Air, South Korea's flagship carrier, on Tuesday announced a sweeping $50 billion deal to purchase next-generation aircraft from Boeing and spare engines from GE Aerospace and CFM International, its largest-ever investment aimed at fueling long-te...
schwit1 shares a report from the Korea Herald: Korean Air, South Korea's flagship carrier, on Tuesday announced a sweeping $50 billion deal to purchase next-generation aircraft from Boeing and spare engines from GE Aerospace and CFM International, its largest-ever investment aimed at fueling long-term growth. The deal, signed during President Lee Jae Myung's visit to Washington, includes $36.2 billion for 103 Boeing aircraft, $690 million for 19 spare engines, and a $13 billion long-term engine maintenance contract. Korean Air will also acquire 11 spare engines from GE Aerospace and eight from CFM International, alongside a 20-year maintenance service agreement with GE covering 28 aircraft.
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