Boeing (NYSE:BA) and Korean Air on Monday reported the airline’s intent to purchase 103 of Boeing’s fuel-efficient family of airplanes to modernize its fleet and support the carrier’s growth as it fully integrates operations with Asiana Airlines over the next several years.
Korean Air’s commitment will be the airline’s largest-ever order and Boeing’s (NYSE:BA) largest widebody order from an Asian carrier.
When finalized, the deal will mark Korean Air’s first order for the 777-8F and will support an estimated 135,000 jobs across the United States.
“This agreement with our long-standing partners, Boeing and GE (GE), marks a pivotal moment for Korean Air,” said Walter Cho, chairman and CEO of Korean Air.