Boeing and Korean Air today announced the airline’s intent to purchase 30 737 MAXs and two additional 777-300ER (Extended Range) jetliners, with options for an additional 20 737 MAXs. The agreement is valued at approximately $3.9 billion at current list prices. Boeing will work with Korean Air to finalize the order, at which time the order will be posted to the Orders & Deliveries website.
With this commitment Korean Air is poised to become a new 737 MAX customer when this order, which includes MAX 8s and substitution rights for MAX 9s, is finalized. With this commitment, the Korean flag carrier will increase the size of its unfilled orders with Boeing to 69 airplanes.
Today’s agreement, which also includes two additional 777-300ERs for Korean Air, comes on the heels of the airline’s order for five 777 Freighters earlier this year, raising Korean Air’s total orders and commitments with Boeing in the first six months of 2015 to 37 airplanes.
Korean Air currently operates a fleet of 87 Boeing passenger airplanes that consist of 737, 747 and 777 airplanes. The airline also operates an all-Boeing cargo fleet of 27 747-400, 747-8 and 777 Freighters.
Korean Air’s Aerospace Division is a key Boeing partner on both the 747-8 and 787 programs, supplying the distinctive raked wing-tips for each model. They are also one of two suppliers producing the new 737 MAX Advanced Technology (AT) Winglet.