11:33 AM EDT, 03/21/2025 (MT Newswires) -- Boeing ( BA ) and GE Aerospace (GE) are set to finalize a $32.7 billion agreement with Korean Air for new aircraft and engines, Reuters reported Friday, citing South Korea's industry ministry during a US visit aimed at strengthening ties.

If finalized, the aircraft deal would be valued at $24.9 billion, while an order for eight spare GE engines, with options for two more, and maintenance services would be valued at $7.8 billion, the report said.

Korean Air signed a memorandum of understanding last year for its plan to purchase 20 Boeing 777-9 and 20 Boeing 787-10 aircraft, with an option for 10 more.

Korean Air, Boeing ( BA ), and GE Aerospace didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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