Korean Air is set to finalize a memorandum of understanding (MoU) signed at Farnborough Airshow 2024 for 20 Boeing 777-9 and 20 787-10 aircraft.
Representatives from the South Korean government met with the Boeing President and CEO Kelly Ortberg and the CEO of GE Aerospace CEO Russel Stokes on March 21, 2025, along with the Korean Air boss Walter Cho at a signing ceremony to advance their strategic partnership.
“The signing ceremony underscores Korean Air’s commitment to collaboration with Boeing and GE Aerospace prior to the finalization of large-scale contracts with a total value of $32.7 billion,” a spokesperson for the South Korean government said.
Korean Air and Boeing will soon finalize a firm order for 20 Boeing 777-9 and 20 787-10 by 2033, and options for an additional ten aircraft worth $24.9 billion.
While the airline and GE Aerospace will finalize a firm order for eight spare engines plus options for two additional engines and maintenance services worth $7.8 billion.
“Through these collaborations with prominent U.S. aviation companies, Korean Air is set to further strengthen its position in the global aviation market, accelerating its journey to becoming one the world’s top ten airlines,” the South Korean Minister of Trade, Industry and Energy Ahn Duk-geun said.
Boeing and Korean Air unveiled the airline’s plan to purchase up to 50 of Boeing’s widebody aircraft on the first day of the 2024 edition of the Farnborough Airshow.
Korean Air also recently unveiled a brand-new livery and company branding to mark the start of a new era in the carrier’s history following the merger with Asiana Airlines.
