Korean Air Lines will introduce 103 aircraft and 21 spare engines from U.S. companies Boeing and General Electric (GE) and CFM at a cost of about 55 trillion won.
According to the Financial Supervisory Service's electronic disclosure system on the 27th, Korean Air Lines decided to purchase 103 aircraft of four models from Boeing for $36,164.3 million (about 52.0873 trillion won).
By model, the order includes 20 B777-9s, 25 B787-10s, 50 B737-10s, and eight B777-8 freighters. The aircraft will be introduced in stages through the end of 2039.
The 21 spare engines will be purchased from GE and CFM for $727.7 million (about 1.0884 trillion won).
From GE, it will buy six GE9X and five GEnx-1B engines, and from CFM, it will buy 10 LEAP-1B engines. The engines will be introduced in sequence by Apr. 30, 2039.
This contract was decided seven months after Korean Air Lines held a signing ceremony in Aug. last year in Washington, D.C., with Boeing and GE Aerospace regarding the purchase plan and then proceeded with purchase discussions.
The signing ceremony at the time also included the purchase of GE9X engine maintenance services worth $13 billion from GE Aerospace.