Korean Air Purchasing Up To 50 Boeing Wide-body Planes

Boeing (BA) and Korean Air announced Monday that nan bearer would beryllium buying arsenic galore arsenic 50 of nan level maker’s wide-body jetliners.

Korean Air will acquisition 20 777Xs and 20 787-10 Dreamliners, pinch an action to adhd different 10 of nan largest Dreamliner model, nan 2 companies announced astatine nan Farnborough Airshow extracurricular London.

Korean Air CEO Walter Cho called nan move “a important milestone successful our strategical nonsubjective to grow and upgrade our fleet.”

The motorboat of nan 777X, Boeing’s largest commercialized aircraft, has been delayed, pinch nan level yet to beryllium certified for flying. However, Cho reportedly said astatine nan airshow that nan hose expects transportation later this decade, adding that if he wasn’t assured they’d beryllium available, he wouldn’t person ordered them.

Stephanie Pope, president and CEO of Boeing Commercial Airplanes, noted that Korean Air has had a 50-year narration pinch Boeing, and “the 777X and 787 Dreamliner will proceed to support nan airline's semipermanent goals for sustainability and continued growth."

Shares of Boeing were down little than 1% successful early-afternoon trading Monday. The banal has mislaid astir a 4th of its worth successful 2024 arsenic nan shaper faced a bid of questions astir its value controls, including those raised aft nan blowout of a doorway plug successful an Alaska Airlines formation successful January.