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Friday, October 25, 2013

Korean Air Confirms $3.9 Billion Boeing Order

Woodrow Bellamy III

Korean Air has confirmed a $3.9 billion order for five 747-8s, six 777-300ERs and an additional 787, Boeing said Thursday. 
 
The airline is looking to use the order to replace its fleet of 747-400 jumbos by 2017 and respond to projected growth in passenger demand for the Asia-Pacific region over the next decade. 
 
"With 90 Boeing passenger airplanes in Korean Air's fleet and counting, we are proud our twin-aisle airplanes will continue to serve as the backbone of their long haul operations," said Ray Conner, CEO of Boeing's commercial aircraft division.
 
The new order will push Korean Air's 787 backlog to 11. Boeing is planning to increase production of its 787 family to 12 per month by 2016 to respond to increased demand. 
 
 

 

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