WASHINGTON, Aug 25 (Reuters) - Korean Air
announced an order on Monday for 103 Boeing ( BA ) airplanes
coinciding with the visit of South Korean President Lee Jae
Myung to Washington, sources told Reuters.
The order, the largest in the Korean air carrier's history,
is expected to include a mix of 787s, 777s and 737 Boeing ( BA )
airplanes, sources told Reuters earlier. Boeing Commercial
Airplanes CEO Stephanie Pope and Korean Air CEO Cho Won-tae
attended an event to unveil the deal with U.S. Commerce
Secretary Howard Lutnick.
Reuters first reported the deal earlier.
Korean Air also announced a separate deal Monday with GE
Aerospace agreement on the purchase and maintenance of
engines valued at $13.7 billion.
Part of the order is re-equip Asiana, one of the sources said, a
subsidiary of South Korea's largest airline.
In March, South Korea's industry ministry said Korean Air said
it would soon finalize a $32.7 billion deal for new Boeing ( BA ) and
GE engines. Korean Air last year said it would order 20 777-9
and 20 787-10 planes from Boeing ( BA ), with options for an additional
10 aircraft, and signed a memorandum of understanding in 2024.
Many countries negotiating trade deals with the Trump
administration have announced or plan to announce significant
Boeing ( BA ) airplane orders. Boeing ( BA ) has won a string of major orders
in recent months.
Korean Air, a founding member of the SkyTeam airline
alliance, was established in 1969 when state-owned Korean Air
Lines was taken over by South Korean conglomerate Hanjin Kal