Written by 1:25 PM Economics

Korean Air to Purchase Aircrafts Worth 3 Trillion Won, the Largest in History… Signs MOU with Boeing for 50 Planes

777-9 in 20s, 787-10 in 30s (including 10 options)
Medium to large aircraft capable of long-haul flights… Key axis after integration
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Korean Air B777-9 (below) and 787-10. [Provided by Korean Air]

Korean Air B777-9 (below) and 787-10. [Provided by Korean Air],
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, ‘[Herald Economy=Reporter Kim Sung-woo] Korean Air is actively pushing for modernization by bringing in about 50 of Boeing’s state-of-the-art medium to large aircraft, the 777-9 and 787-10. The amount is reported to be approximately 30 trillion won, the largest ever in history.’,
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, ‘Korean Air announced on the 22nd (local time) that a memorandum of understanding (MOU) for the purchase of 20 Boeing 777-9s and 30 Boeing 787-10s (including 10 options) was signed at the ‘Farnborough International Airshow’ held at Farnborough Airport in Hampshire, England, with the attendance of Chairman Cho Won-tae of Hanjin Group, Stephanie Pope, President of Boeing’s Commercial Airplanes Division, and officials from both companies.’,
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, ‘Through this MOU, the introduction of the 777-9 and 787-10, capable of long-haul flights to the Americas and Europe, is expected to play a central role in the modernization of Korean Air’s fleet after the integration with Asiana Airlines. Considering that the contract for the first Boeing 787-10 was made at the Paris Air Show about five years ago in 2019, it is expected that these aircraft will be actually introduced around the 2030s.’,
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, ‘The 777-9 is considered the most stable and efficient aircraft in the 777 series. Its wings made of carbon composite material are longer than those of the existing 777 series aircraft, improving fuel efficiency by more than 10%. With a range of over 13,000 km, the 777-9 can operate non-stop flights from Incheon Airport to all regions of the United States. Being the longest fuselage in the 777 series aircraft, the 777-9 can typically accommodate around 400-420 seats.’,
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, ‘The 787-10 is the largest model in the 787 series of aircraft, capable of carrying 15% more passengers and cargo compared to the currently operating 787-9. Its fuel efficiency has also improved by more than 25% compared to the 777-200.’,
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, ‘Chairman Cho Won-tae said, “The introduction of Boeing 777-9 and 787-10 will be a significant milestone in Korean Air’s fleet expansion and upgrade, which is a strategic goal. Through this aircraft purchase contract, we will enhance passenger comfort and operational efficiency, while significantly reducing carbon emissions to support long-term efforts for sustainable management.”‘,
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, ‘In addition to the Boeing 777-9 aircraft of 20 and the Boeing 787-10 of 30 covered by this MOU, Korean Air plans to introduce Airbus A350 series aircraft of 33 and A321neo of 50 by 2034, expanding to a total of 203 state-of-the-art environmentally friendly aircraft.’,
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