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Originally published October 24, 2013 at 11:34 AM | Page modified October 25, 2013 at 10:48 AM

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Korean Air finalizes big Boeing jet order

Korean Air finalized a widebody jet order worth about $1.9 billion. It had been announced previously at the Paris Air Show in June.


Seattle Times aerospace reporter

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Korean Air has finalized an order for five Boeing 747-8 passenger jets and six 777-300ER jetliners that was previously announced as a commitment during the Paris Air Show in June.

In addition, Korean Air has also announced an order for one additional 787 Dreamliner.

At current list prices, the total order is valued at $3.9 billion. But based on market pricing data from aicraft valuation firm Avitas, the order after standard discounts is worth about $1.9 billion.

The order is particularly valuable for the 747-8 program. Because of a scarcity of orders, Boeing last week reduced the production rate of that jet from 1.75 to 1.5 per month.

Korean Air’s aerospace division is a key Boeing manufacturing partner .

It supplies the cone-shaped 787 Dreamliner fuselage section, where the jet’s tail is attached, as well as the flap fairings on the wings. It also supplies the distinctive raked wing-tips for both the 787 and 747-8.

Dominic Gates: (206) 464-2963 or dgates@seattletimes.com



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