Korean Air announced on Tuesday that it will purchase more than 100 Boeing aircraft, marking the largest aviation deal in South Korea’s history. The deal, valued at around $50 billion, includes spare engines from GE Aerospace and is set to be completed through the end of 2030. The airline revealed the order covers a mix of passenger and freighter aircraft to expand both domestic and international operations.
Specifically, the order includes 20 Boeing 777-9s, 25 Boeing 787-10s, 50 Boeing 737-10s, and eight Boeing 777-8F freighters. Korean Air stated that these next-generation aircraft will help modernize its fleet, improve fuel efficiency, and meet growing demand for air travel across Asia and other continents. The company emphasized that the purchase strengthens its long-term commitment to safety, performance, and innovation in aviation.
The agreement was signed in Washington during a meeting between Korean and US business leaders, attended by Commerce Secretary Howard Lutnick and South Korea’s Ministry of Trade, Industry and Energy. On the same day, US President Donald Trump met South Korean President Lee Jae-myung to discuss bilateral relations and investment opportunities, highlighting strong economic ties between the two countries.
Korean Air had previously agreed in March to buy up to 50 Boeing aircraft in a separate deal valued at $32 billion, also involving GE Aerospace. This latest order nearly doubles the earlier commitment, signaling confidence in Boeing’s aircraft despite recent challenges in the aviation industry. The airline said the deliveries will gradually modernize its fleet and support its expansion goals over the next five years.
However, Boeing has faced safety concerns following a June crash of a 787 Dreamliner in India, which killed 241 people shortly after takeoff. Preliminary reports indicated fuel supply issues may have contributed to the crash, prompting regulators in India and Singapore to inspect Boeing aircraft for safety compliance. Boeing and airlines have since strengthened safety checks and updated operational procedures.
Despite these challenges, Korean Air expressed confidence that Boeing’s aircraft remain safe and reliable. The airline emphasized that this historic deal will support economic growth, enhance international connectivity, and maintain its position as a leading carrier in Asia while expanding its cargo and passenger services globally.