Korean Air announces an order for 103 Boeing airplanes amid Trump-Lee summit

Korean Air announced an bid connected Monday for 103 Boeing airplanes coinciding with the sojourn of South Korean President Lee Jae Myung to Washington, sources told Reuters.

The order, the largest successful the Korean aerial carrier's history, is expected to see a premix of 787s, 777s and 737 Boeing airplanes, sources told Reuters earlier. Boeing Commercial Airplanes CEO Stephanie Pope and Korean Air CEO Cho Won-tae attended an lawsuit to unveil the woody with U.S. Commerce Secretary Howard Lutnick.

Reuters archetypal reported the woody earlier.

Korean Air besides announced a abstracted woody Monday with GE Aerospace statement connected the acquisition and attraction of engines valued astatine $13.7 billion. Part of the bid is re-equip Asiana, 1 of the sources said, a subsidiary of South Korea's largest airline. In March, South Korea's manufacture ministry said Korean Air said it would soon finalize a $32.7 cardinal woody for caller Boeing and GE engines. Korean Air past twelvemonth said it would bid 20 777-9 and 20 787-10 planes from Boeing, with options for an further 10 aircraft, and signed a memorandum of knowing successful 2024. Many countries negotiating commercialized deals with the Trump medication person announced oregon program to denote important Boeing airplane orders. Boeing has won a drawstring of large orders successful caller months.

Korean Air, a founding subordinate of the SkyTeam hose alliance, was established successful 1969 erstwhile state-owned Korean Air Lines was taken implicit by South Korean conglomerate Hanjin Kal.