Korean Air, Boeing and GE Aerospace leadership in Washington D.C
Korean Air is on track to secure four spare GE Aerospace GE9X engines and four GEnx-1Bs for its Boeing 777-9 and 787-10 order to enhance the fleet’s resilience.
The deal worth $7.8 billion also covers a comprehensive maintenance agreement with GE Aerospace and options for two more GEnx-1Bs on option. It comes after Korean Air leadership met with Boeing and GE Aerospace in Washington D.C. to “enhance cooperation.”
Korean Air said it will advance the memorandum of understanding signed with Boeing in 2024 for 20 Boeing 777-9s and 20 787-10s, with options for 10 more 787-10 aircraft. The aircraft deal is estimated to be worth $24.9 billion.
Korean Air COO Jason Yoo told Aviation Week in mid-March during its new corporate identity unveil that the airline only expects to receive the 777-9s in 2029 and remains unaffected by the type’s delays. However, it is wary of disruptions caused by the lack of engine MRO capacity across all engine manufacturers and is investing in spare engines across the fleet.
Delays also mean that Korean Air is 20 Airbus and Boeing aircraft short from its original fleet forecast.
Three of the carrier’s Pratt & Whitney PW1500G-powered Airbus A220s are parked at Seoul Gimpo Airport, according to the Aviation Week Network Fleet Discovery database.
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