Korean Air announced its intent to purchase 103 next-generation aircraft from Boeing, 19 spare engines from GE Aerospace and CFM International, and a comprehensive engine maintenance program with GE Aerospace on August 25. The total investment is valued at approximately USD 50 billion (KRW 70 trillion): USD 36.2 billion (KRW 50 trillion) for Boeing aircraft, USD 690 million (KRW 1 trillion) for 19 spare engines and an additional USD 13 billion (KRW 18.2 trillion) for the 20-year engine … [Read more...] about Korean Air to purchase 103 Boeing aircraft plus GE engines totaling KRW 70 trillion
Leaderboard
Korean Air
ST Engineering secures contract with Korean Air to provide LEAP-1B engine maintenance
ST Engineering announced that its Commercial Aerospace business has signed a five-year CFM LEAP engine maintenance, repair and overhaul (MRO) contract with new customer, Korean Air, to support the LEAP-1B engines powering its Boeing 737 MAX fleet. Under the contract, ST Engineering will provide quick-turn services including high pressure turbines (HPT) as well as Performance Restoration Shop Visit (PRSV) services to the airline’s LEAP-1B engines from its MRO facility in Singapore. Tay Eng Guan, … [Read more...] about ST Engineering secures contract with Korean Air to provide LEAP-1B engine maintenance
Korean Air acquires 63.88% stake in Asiana Airlines
Korean Air has completed its acquisition of Asiana Airlines, four years after announcing its decision on November 16, 2020. On December 12, Korean Air acquired 131,578,947 newly issued shares of Asiana Airlines, representing a 63.88% ownership stake and making Asiana Airlines a subsidiary of Korean Air. The completion follows Korean Air's payment of KRW 800 billion to Asiana Airlines on December 11, concluding the share purchase transaction. This brings the total investment through the … [Read more...] about Korean Air acquires 63.88% stake in Asiana Airlines
Korean Air to order up to 50 widebody Boeing aircraft
Korean Air signed a Memorandum of Understanding with Boeing on July 22 at the Farnborough International Airshow to upgrade and expand its widebody fleet. The airline has announced its intent to procure 20 Boeing 777-9s and 20 Boeing 787-10s with options for 10 more of the largest 787 Dreamliner variant. The signing ceremony was attended by Walter Cho, Chairman and CEO of Korean Air, and Stephanie Pope, President and CEO of Boeing Commercial Airplanes. The 777-9s and 787-10s, with their … [Read more...] about Korean Air to order up to 50 widebody Boeing aircraft
Korean Air selects Air Incheon as preferred bidder of Asiana Airlines’ freighter business
Korean Air has selected Air Incheon as the preferred bidder for the sale of Asiana Airlines’ global cargo freighter business. The decision was made at the Board of Directors meeting held on June 17. Korean Air selected Air Incheon as the preferred bidder based on several key criteria: the certainty of completing the transaction, the ability to maintain and enhance long-term competitiveness of the air cargo business, and the capability to mobilize funds through a competent … [Read more...] about Korean Air selects Air Incheon as preferred bidder of Asiana Airlines’ freighter business
Korean Air ranked second best airline globally by AirlineRatings
Korean Air has secured second place among the top 25 airlines worldwide in AirlineRatings’ 2024 Airline Excellence Awards and has been named the Best Long Haul Carrier in North Asia. AirlineRatings.com, an Australia-based aviation media, evaluates over 440 airlines on multiple assessment criteria, including safety, product ratings, passenger reviews, fleet age, and environmental commitment. Korean Air was awarded "Cargo Airline of the Year" in 2022 and 2023, and "Best Airline in North Asia" … [Read more...] about Korean Air ranked second best airline globally by AirlineRatings
Ad – After Content
